Our team of attorneys is seasoned in bankruptcy and debtor-creditor laws and has vast experience in all aspects of law surrounding financially troubled companies. We work closely with our clients to understand their goals and develop strategies to achieve those goals. Dykema uses a team approach to handle complex work-outs or bankruptcies efficiently and effectively.

We represent a variety of clients in courts throughout the United States:

Financial Institutions
Commercial banks, real estate investment trusts, and other lenders that have made secured and unsecured loans to businesses that later experience economic difficulties. Our services range from negotiating out-of-court work-outs to litigating or resolving an array of issues prior to or during bankruptcy proceedings.

Creditors' Committees
Creditors' committees in both Chapter 11 cases and out-of-court workouts. We understand the fiduciary duties imposed upon these committees to investigate the activities of the principal constituents to commence litigation when such litigation will enhance the recovery to unsecured creditors, and to develop a strategy that will result in the highest return and provide the best result possible for creditors. 

General Business Representation
We work closely with businesses facing serious financial issues and develop strategies to effectively resolve the challenges. These strategies include working out-of-court with various creditor and customer constituents, preparing and filing for Chapter 11 relief and providing a team to address issues across multiple legal disciplines. We believe it is critical to develop a well thought out and realistic plan as early in the process as possible. This approach creates realistic expectations of the various constituents to a work-out or bankruptcy and maximizes the opportunity to be successful and minimize costs.

Troubled Company Acquisitions
We counsel entrepreneurs in a manner that minimizes or eliminates successor liabilities when acquiring troubled companies. We also help develop strategies that will give our clients a competitive advantage over competing bids.

Supply Chain Management
A supplier that fails to deliver important products can materially interfere with our clients’ ability to service its customers on time. To eliminate or minimize the damage, we can help our clients recognize the early signs of supplier trouble and implement a strategy to address problems quickly.

Varied Industry Expertise
Our bankruptcy and restructuring experience spans numerous industries, including automotive, general manufacturing, retail and heath care. We have represented automotive industry leaders, creditors and suppliers and understand the intricacies of an automotive-related workout, both in and out of bankruptcy. We have advised clients in all aspects of retail bankruptcies. Our health care attorneys have developed a solid understanding of the multi-faceted problems facing this industry and have provided counsel for clients in a substantial number of health care bankruptcy proceedings throughout the United States.

For more information about our bankruptcy practice, please contact:
Ronald L. Rose, Co-Leader 312-551-4931
Sheryl L. Toby, Co-Leader 313-568-5407