Corporate Trust: Defaults & Bankruptcies

Perkins Coie's Business practice is nationally recognized for its quality representation of corporate trust companies and the corporate trust departments of major banking institutions serving in the capacity of indenture trustees and agents for publicly issued debt. We have played prominent roles in representing these institutions in the context of bond defaults and issuer bankruptcy cases across the country. Working in conjunction with the firm’s Corporate Trust attorneys and the Litigation practice when appropriate, our bankruptcy attorneys provide a rare depth of experience and capability in this area, which results in skilled counseling, advice and representation for our corporate trust clients in such areas as:

• Exercising their post-default rights and obligations under debt indentures and loan agreements and governing federal or state law;
  
  
• Participating in the negotiation of issuer reorganizations and restructurings, including by serving as members of official creditor committees;
  
  
• Defending and prosecuting litigation claims under debt indentures and applicable law;
  
  
• Coordinating and facilitating distributions to holders resulting from issuer reorganizations and liquidations; and
  
  
• Coordinating bondholder communications.

Some of the more complex reorganization cases in which our attorneys have played a leading role in recent years involved the following companies: