Down economies often translate into high levels of insolvencies, and McCarter & English's Bankruptcy Team represents parties of interest in these proceedings. The team is involved in bankruptcies not only in Delaware, New Jersey, New York, Connecticut, Pennsylvania, Washington, DC and Massachusetts – where it maintains offices – but nationally as well.
The firm's fully staffed Wilmington office provides a local presence and alleviates the need for local counsel in this frequently-used bankruptcy venue. Clients in all offices are represented by experienced litigators, including a former bankruptcy judge, a former chief executive officer with twenty years of corporate experience, several former state and Bankruptcy Court law clerks and the firm's senior commercial litigators. Their diverse backgrounds supplement the legal experience of the team's 25-plus attorneys, allowing a better understanding of complex legal and commercial issues.
Our insolvency services extend far beyond litigation in Bankruptcy Court. For example, a member of the team has served as a Trustee under the Securities Investor Protection Act for the liquidation of two brokerage firms that engaged in substantial fraud. The team has also represented creditors' interests in the state rehabilitation of an insurance company, state liquidations of an HMO and state liquidations of business trusts.