Bankruptcy

Munger, Tolles & Olson’s bankruptcy practice combines the resources and credentials of one of the country’s top law firms with the kind of individualized problem-solving and adaptability that you might expect of a smaller, more specialized boutique. The depth of our experience in all phases of the bankruptcy process sets our bankruptcy practice apart from those of other full service firms. Because we routinely represent a variety of key constituents—chapter 11 committees, lenders, bondholders, individual creditors (both secured and unsecured), liquidating trustees, purchasers of assets out of bankruptcy, and others—we are able to approach the process from a variety of perspectives, with a thorough understanding of each constituent’s needs.

MTO’s practice extends beyond that of more specialized “boutique” firms with a core group of dedicated bankruptcy professionals, because we regularly consult our colleagues on corporate, tax, real estate, insurance, and labor laws, which fundamentally intersect with the bankruptcy process. The collective experience of our lawyers spans a broad range of issues and industries—an indispensable asset given increasingly complex and industry-specific chapter 11 proceedings. In addition, our clients, including many prominent law firms, take special comfort knowing that they are backed at every step by the litigation powerhouse for which our firm is nationally known.

In every bankruptcy representation that MTO undertakes, we are guided by one overriding principle, maximizing value to the client. We are always cognizant of the end goal in the bankruptcy process—to increase values or recoveries, or reduce exposure. We recognize that spending time and money on short-term strategies that do not lead to a favorable and achievable endgame is counterproductive. In short, we search for the resolution that makes the most sense given the economic realities of a particular situation.

MTO’s clients include Fortune 500 companies; leaders in their respective industries; large financial institutions; and some of the most sophisticated and respected financial players in the world. During the last several years, the firm has represented key constituents in major bankruptcies in such industries as apparel, automotive, consumer products and services, e-commerce, hospitality, intellectual property, energy/oil & gas, entertainment, finance, healthcare, real estate, retail, technology and telecommunications, among others.

Spotlight

Saving the Queen
The RMS Queen Mary ship is permanently moored in Long Beach harbor, but last year, a rising tide of debt threatened to sink the historic hotel and event venue.
 
That’s when a team of MTO corporate, real estate and bankruptcy lawyers represented PBR Fletcher Development Co. (and its affiliate, Save the Queen, LLC) in a complex acquisition of the property out of bankruptcy. The financing, which included a flexible five-tier capital structure, was assembled at the height of the 2008 credit crisis.