Creditor’s Rights & Bankruptcy

Wolf, Rifkin, Shapiro, Schulman & Rabkin, LLP attorneys use practical, tough business judgment to complement our legal skills in dealing with a variety of issues relating to the financially troubled or insolvent enterprise or individual.

Our attorneys have decades of experience representing debtors and creditors nationwide in all aspects of insolvency litigation, including bankruptcy proceedings, receiverships, assignments for the benefit of creditors, and post-judgment litigation. Due to the firm’s full-service ethos, our team is adept at dealing with a diverse set of issues and legal problems, from Chapter 11 reorganizations to piercing the corporate veil on behalf of creditors. On the transactional side, our attorneys regularly assist with out of court workouts and restructurings, Section 363 sales, DIP and exit financing, and other forms of credit documentation. Our creditors’ rights, bankruptcy, and insolvency attorneys work closely with our corporate, real estate, and litigation attorneys. Our depth of experience across a broad range of substantive legal disciplines enhances our ability to find the best strategies and solutions to our clients’ business challenges.

Our objective in each matter is to develop legal and business solutions that create and preserve value. This approach requires more than a thorough understanding of commercial law, bankruptcy and real estate. It calls for an understanding of business issues and strategies. Combined legal and business experience, the critical elements to sound judgment and advice in a financial crisis, distinguish us as a firm uniquely capable of bringing value to our clients.

With the right combination of experience and perspective coupled with a straightforward approach to problem-solving, we offer client services in such areas as:

  • Collateral Recovery and Disposition
  • Creditor’s rights and remedies
  • Insolvency Counseling and Business Reorganization
  • Insolvency Litigation on Behalf of Creditors and Debtors
  • Preventative Counseling on Effective Credit Procedures
  • Sale or Purchase of Assets Owned by an Insolvent Entity
  • Workouts and Forbearance Agreements
  • Receiverships and receivership litigation
  • Preference and fraudulent transfer litigation
  • Assignments for the benefit of creditors


Successful Chapter 11 Reorganizations include:

  • In re Begin a Legacy, Inc.
  • In re Ecosmart, Inc.
  • In re GACN, Inc.
  • In re Monrovia-Myrtle, LLC