Restructuring and Bankruptcy
We have extensive experience in
all aspects of restructuring and bankruptcy work, including
representing official committees, DIP lenders, secured lenders,
senior creditors, holders of subordinated debt, lessors and
debtors. We have particular expertise in representing special
servicers in connection with restructuring loans forming part
of pools of collateralized mortgage-backed securities.
ZEK's practice also includes bankruptcy litigation, particularly
in connection with preference and fraudulent transfer claims.
In bankruptcy proceedings, ZEK routinely acts on behalf of
insurers and financial institutions, as well as corporations
seeking to acquire assets in bankruptcy proceedings. The Firm
also represents creditors committees, trustees and debtors.
ZEK has a special expertise in representing commercial insurers
in bankruptcy cases. Such representation includes all circumstances
where the insurer is a creditor, whether seeking to collect
retro premium, loss sensitive reimbursements, deductible reimbursements
or other obligations. Often we have defended bankruptcy litigation
against insurers holding substantial security for future insured
obligations. In several such cases we have successfully moved
such disputes out of the bankruptcy court and into arbitration.
Additionally, we represent insurers in connection with coverage
and claims disputes in major commercial bankruptcies, including
cases related to toxic products. We have been instrumental
in establishing ADR or other procedures to adjust thousands
of insured claims in bankruptcy cases ranging from the trucking
industry to the asbestos industry.