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"Consistent with the core practice areas of the firm, [Bracewell] has handled a number of debtor mandates" – Legal 500

Bracewell "is recognized in the US for its mainstream bankruptcy work" – Lloyd's List

Bracewell has a "franchise on Chapter 11 proceedings for beleaguered shipping companies" – Amalia Tankers

Filing chapter 11 is not something any business wants to do. It’s complicated, emotional and to be avoided if at all possible. While many businesses are finding ways to avoid bankruptcy, sometimes chapter 11 is the best solution to preserve overall value for all constituencies.

Distress Comes in Many Forms; So Do Solutions
Bracewell's restructuring team understands the difficulties troubled companies face. We consult with financially troubled companies prior to bankruptcy and guide them through the process of developing and executing their restructuring and reorganization transactions. We assist them in securing debtor-in-possession financing and renegotiating vendor and customer agreements and communicating with creditors, enabling them to maintain operations during  a reorganization or an asset sale.

Selected Chapter 11 debtor clients for Bracewell attorneys as lead or special international counsel include:

  • Marco Polo Seatrade
  • Omega Navigation Enterprises
  • Owens Corning
  • Deep Marine Technology
  • First Wave Marine
  • Polaroid
  • Nextel International
  • Comdisco
  • Montgomery Ward
  • Singer Sewing
  • Exodus Communications

Be sure to visit Basis Points Bracewell’s blog providing context and offering fresh (if irreverent) commentary on developments in today's restructuring, distressed debt, and new investment markets.