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restructuring & business divorce
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Corporate Restructuring:

Herrick provides creative, value-added solutions for corporations, investors, secured and unsecured creditors, borrowers, bondholder and noteholder committees, financial institutions, hedge funds, investment banks, and indenture trustees – whether you're executing an alternative investment strategy to salvage value, or restructuring the company in a make-or-break bid for survival. We also advise investment funds investing in valuable companies challenged by troubled capital structures or highly leveraged liquidity.

You can rely on our guidance throughout the workout process, including:

  • Asset sales
  • Mergers and dispositions
  • Bankruptcy and out-of-court restructurings
  • Debt purchasing
  • Claims trading
  • Acquisitions and other investment transactions
  • Debtor-in-possession (DIP) financing
  • Lender liability and equitable subordination actions
  • Preference fraudulent transfer and other avoidance actions
  • Pre-negotiated or "pre-packaged" Chapter 11 plans
  • Securitizations

Business Divorce:

No executive or professional whose career is tied to a non-public entity is immune from the possibility that the owners of the firm or company will have an irreparable break-up. Generational problems, the loss of a partner's interest or desire to earn their keep, divergent business goals, greed and jealousy are just some of the reasons an otherwise successful business partners can break up.

We advise partners and shareholders of privately held businesses in the dissolution or breaking up of businesses. We offer empathy and compassion and provide an objective point of view when you're embroiled in an emotionally charged battle, or anticipate partner problems down the road. We also counsel on the dissolution of professional practice partnerships, including law firms, dental and medical practices and accounting firms. Many well-known law firms, as well as departing members of prominent law firms have turned to our business divorce team when they confront their own business divorces.