Hahn Loeser's Creditors' Rights, Reorganization and Bankruptcy area has been called upon repeatedly to represent substantial creditors (secured and unsecured) in large national bankruptcies as well as on matters of regional and local significance. Hahn Loeser has taken leadership roles on behalf of major creditors that have been the driving force in important cases.
Hahn Loeser's Creditors' Rights, Reorganization and Bankruptcy area has been called upon repeatedly to represent substantial creditors (secured and unsecured) in large national bankruptcies as well as on matters of regional and local significance. Hahn Loeser has taken leadership roles on behalf of major creditors that have been the driving force in important cases.
These creditors include:
- Cliffs Natural Resources Inc. (in many major chapter 11 cases, including LTV Steel, WCI Steel, Weirton Steel and Rouge Industries)
- USAA (in Pacific Gas & Electric's and Hauserman, Inc.'s chapter 11 cases)
- The CIT Group (in dozens of chapter 11 cases)
- Fleet Capital Corporation (Republic Technologies International LLC chapter 11 case)
- SBA Towers, Inc. (in the Horizon PCS chapter 11 case)
- Crown Castle USA (in Arch Wireless, Inc.'s and Network Services, LLC's chapter 11 cases)
Click here to view a representative listing of Hahn Loeser's creditor representations in chapter 11 bankruptcy cases.
The representation of Cliffs Natural Resources Inc. in chapter 11 matters has expanded to the degree that Hahn Loeser is U.S. counsel for all of Cliffs' customer insolvencies (with total exposures during the years 2000-2003 in excess of $2 billion) and mining property acquisitions.
Through the representation of 'key' creditors in various bankruptcy cases (where such creditors have an important relationship to the debtor's business based on the provision of financing; the lease or sale of real estate, equipment or other personal property; the supply of an essential part, service or raw material; or for any other reason), Hahn Loeser is often able to leverage the critical nature of the creditor's involvement with the debtor into a beneficial outcome for the creditor.
Depending upon the type and amount of debt in issue, key creditors holding unsecured claims may at times be selected by the U.S. Trustee to serve on a creditors' committee formed in a debtor's chapter 11 bankruptcy case. Even if not serving on a creditors' committee, key creditors may at times be able to directly impact and shape the direction of a debtor's reorganization efforts. Hahn Loeser is adept at working with key creditors (secured and unsecured) in attempts to achieve more favorable outcomes in pending bankruptcy cases.
