Areas of Practice
Commercial Bankruptcy
Bankruptcy is an arena where, of necessity, contest and confrontation share the stage with cooperation and compromise. Striking the right balance among them requires a thorough knowledge of bankruptcy law and sound judgment. As counsel to both debtors and creditors, the firm works closely with clients to evaluate the circumstances of each case, and to devise an approach that befits each client’s business objectives. Solutions may range from workouts among debtors and creditors to invoking the full power of legal and equitable remedies and defenses.
Receivership
The firm has one of the leading receivership practices in the metroplex, with extensive experience in receivership management and liquidation of business and trust assets. Upon request by creditors and an appropriate determination by a court, a receivership may serve as a more fitting course than a bankruptcy proceeding. As receiver, the firm works to ensure the preservation of maximum value of business assets, the organized maintenance of operations and, where applicable, sale of assets and distribution of proceeds in accordance with the legal rights of all interested parties.
Small Business & individual Bankrupcties
The Bankruptcy Code was created in recognition of the fact that in order to function effectively, a free market economy must account for the uneven distribution of fortune and misfortune. For many small businesses and individuals, bankruptcy is the only viable option. In many instances a bankruptcy filing offers the chance of a fresh start, and the resumption of an active, productive role in economic society. There is no generic bankruptcy solution. Spector & Cox attorneys meet in person with prospective clients to evaluate individual problems and concerns, and to determine whether and how to proceed in a bankruptcy case.