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    Bankruptcy, Creditors’ Rights, and Financial Restructuring

    When a business is in distress, clients turn to the attorneys at Norris McLaughlin to assist them in navigating through specialized insolvency laws.We are able to provide a diverse array of services including:

    • providing restructuring advice for a distressed business;
    • representing creditors seeking to maximize their recoveries; 
    • proceeding with a consensual reorganization of the business whether it be in or out of court. 

    Our advisers have years of experience representing all constituencies, including debtors, creditors’ committees, secured and unsecured creditors, trustees and other fiduciaries, purchasers of assets and debt instruments, and equity interest holders.

    Whether we are litigating in the courtroom or negotiating a workout our attorneys are focused on one goal: protecting our clients’ interests in every case, through each negotiation, and through the completion of each transaction.

    • Overview
    • Attorneys

    Who We Are

    Norris McLaughlin’s bankruptcy, creditors’ rights, and financial restructuring group consists of attorneys with significant experience with and in-depth knowledge of the United States Bankruptcy Code and Uniform Commercial Code.  We use this expertise to offer creative, practical solutions to our clients with the primary goal on meeting our clients’ business objectives.

    Our attorneys are highly skilled in their legal disciplines and have been routinely recognized by their peers and clients for distinctive legal industry honors.  Members of our bankruptcy, creditors’ rights, and financial restructuring group have been singled out for recognition by Chambers USA and New Jersey Super Lawyers, and as Bankruptcy Litigation Lawyers of the Year in the annual U.S. News “Best Lawyers” list.  Members of the group have also been appointed by the Chief Judge of the U.S. Bankruptcy Court for the District of New Jersey to serve on the Bankruptcy Court’s Lawyers Advisory Committee. 

    Who We Help

    Middle market and small companies experiencing financial distress and their principals  need a trusted adviser to rely upon.  Norris McLaughlin’s attorneys fill that role, offering strategic counsel regarding financial restructuring outside of the court or in the context of a formal bankruptcy proceeding when necessary.  

    Creditors also come to us to help them maximize their returns and realize on their collateral. 

    We represent creditors from a wide range of industries and professions, including:

    • Banks (national and regional)
    • Insurance Companies
    • Health Care Providers
    • Mortgage Lenders
    • Private Lenders
    • Equipment Lessors
    • Secured Creditors
    • Real Estate Investors
    • Trade Creditors
    • Landlords

    Fiduciaries trust us to provide legal counsel to assist them with the fulfillment of their statutory duties.  In this regard, members of our group have significant experience representing bankruptcy trustees, receivers, and assignees for the benefit of creditors.  

    On the international stage, foreign representatives of distressed companies located outside the United States also ask us to assist them in collecting assets located in the United States. 

    Entrepreneurs and other business owners seeking to acquire assets from a troubled company, or debt instruments, also rely on Norris McLaughlin to act as their business partner in conducting due diligence in a sales transaction and ensuring that their interests are protected.  Companies involved in sophisticated corporate M&A transactions rely on our counsel on potential liability and exposure related to distressed assets acquired in a transaction.  Our attorneys have leveraged this experience to develop the knowledge and experience required to represent parties interested in purchasing distressed assets in a bankruptcy case.

    What We Do

    Norris McLaughlin’s bankruptcy, creditors’ rights, and financial restructuring attorneys aren’t just legal counselors. We are strategic partners for our clients.  .We advocate for business objectives as the driver for making decisions with the use of legal rights as a tool for obtaining those objectives.  

    We provide a full range of bankruptcy and creditors’ rights services.  Our attorneys have extensive experience handling the following: 

    • Counseling on general creditors’ rights and bankruptcy issues.
    • Representing businesses in negotiating workouts, Chapter 11 bankruptcy reorganization proceedings (including reorganizations under Subchapter V of the Bankruptcy Code), and alternative insolvency proceedings in lieu of formal bankruptcies.
    • Representing secured and unsecured creditors in Chapter 11 reorganization and Chapter 7 liquidation proceedings.
    • Representing bank clients in foreclosures, restructurings, negotiating workouts, and bankruptcy proceedings.
    • Litigating cases involving fraudulent conveyances, preferences, and the enforcement of creditors’ rights under the UCC.
    • Providing legal counsel in financing arrangements, including lending terms, real estate financing, and “debtor in possession” financing.
    • Serving as Chapter 11 trustees, liquidating trustees, disbursing agents, assignees for the benefit of creditors, and receivers in numerous insolvency matters.
    • Serving as counsel to trustees under Chapters 7, 11, and 12 of the Bankruptcy Code, assignees for the benefit of creditors, and other fiduciaries. 
    • Representing purchasers of businesses and assets seeking Bankruptcy Court approval of transactions under Section 363 of the Bankruptcy Code.
    • Representing foreign representatives of a distressed company located outside the United States in Chapter 15 bankruptcy proceedings. 
    • Serving as court-approved mediators in adversary proceedings pending before the Bankruptcy Court.
    • Other related commercial litigation and foreclosure issues.

    As a bankruptcy, creditors’ rights, and financial restructuring practice supported by a full-service business law firm, Norris McLaughlin offers clients the convenience and assurance of access to lawyers who can handle nearly any additional legal needs they may have, whether they be environmental, intellectual property rights, real estate, corporate transaction, M&A, taxation, or general litigation.

    9 Attorneys found

    Bruce J. Wisotsky

    Member
    New Jersey

    Education

    • Temple University School of Law
      • J.D.
    • Temple University
      • B.A., magna cum laude

    Area of Practice

    • Bankruptcy, Creditors’ Rights, and Financial Restructuring

    Jerome F. Gallagher, Jr.

    Member
    New Jersey

    Education

    • Rutgers School of Law – Newark
      • J.D.
    • New Jersey Institute of Technology
      • B.S. with distinction

    Area of Practice

    • Bankruptcy, Creditors’ Rights, and Financial Restructuring
    • Construction Law

    Joel N. Jacobson

    Of Counsel
    New Jersey

    Education

    • University of Pennsylvania Law School
      • J.D.
    • University of Pennsylvania
      • B.A., cum laude

    Area of Practice

    • Banking & Financial Services
    • Bankruptcy, Creditors’ Rights, and Financial Restructuring
    • Business Law
    • Franchise Law
    • Real Estate, Finance, and Land Use

    Kimbrilee M. Weber

    Member
    New York

    Education

    • Seton Hall University School of Law
      • J.D., magna cum laude & Order of the Coif
    • Lehigh University
      • B.A., highest honors

    Area of Practice

    • Litigation
    • Electronic Discovery ("E-Discovery")
    • Insurance Coverage
    • Appellate Practice
    • Bankruptcy, Creditors’ Rights, and Financial Restructuring

    Melissa A. Peña

    Member
    New Jersey, New York

    Education

    • The American University Washington College of Law
      • J.D., cum laude
    • George Washington University
      • B.A., magna cum laude, Political Science

    Area of Practice

    • Banking & Financial Services
    • Bankruptcy, Creditors’ Rights, and Financial Restructuring
    • Litigation

    Nicholas A. Duston

    Member
    New Jersey

    Education

    • Columbia University School of Law
      • J.D.
    • Boston University
      • B.A., magna cum laude

    Area of Practice

    • Bankruptcy, Creditors’ Rights, and Financial Restructuring
    • Criminal Defense
    • Executive Compensation and Employment Strategies
    • Litigation
    • Securities
    • White Collar Investigations & Defense

    Rebecca J. Price

    Member
    Pennsylvania

    Education

    • William and Mary School of Law
      • J.D.
    • Ohio State University
      • B.A., summa cum laude

    Area of Practice

    • Banking & Financial Services
    • Bankruptcy, Creditors’ Rights, and Financial Restructuring
    • Litigation

    Richard B. Somach

    Member
    Pennsylvania

    Education

    • Hofstra University Law School
      • J.D.
    • Lehigh University
      • B.A., with honors

    Area of Practice

    • Banking & Financial Services
    • Bankruptcy, Creditors’ Rights, and Financial Restructuring
    • Construction Law
    • Municipal Law
    • Real Estate, Finance, and Land Use

    Stuart L. Kossar

    Associate
    New York

    Education

    • Albany Law School
      • J.D.
    • Lehigh University
      • B.A., History and International Relations

     

    Area of Practice

    • Bankruptcy, Creditors’ Rights, and Financial Restructuring

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