Alert 03.22.24
Commercial Real Estate Partnership Cancellation of Debt Income
The complexities of cancellation of debt income (CODI), including bankruptcy and insolvency implications, are important to understand.
Service
Pillsbury’s Insolvency & Restructuring lawyers have played a vital role in groundbreaking restructurings that have enabled businesses to remain viable, preserved their going-concern value and substantially reduced their aggregate debt.
Our Insolvency & Restructuring team is recognized for developing and implementing efficient, effective and innovative solutions that achieve our clients’ business objectives. Whether helping our clients as crisis managers navigating “bet the company” situations or as strategic counselors identifying issues and opportunities, we focus on our clients’ economic interests and use our experience and familiarity with sophisticated matters to provide efficient, results-oriented advice. To better serve our clients, our lawyers are cross-trained in corporate, finance and litigation areas, and are proficient in related areas such as private equity, employment and tax.
We represent companies, their boards and special committees, lenders and other creditors, debt and equity holders, counterparties and other interested parties in all areas of middle-market and large-cap restructurings. We advise on debt and business restructurings and refinancings, debt exchanges, tender offers, rights offerings, venture capital and private equity financing, second lien and mezzanine transactions, convertible debt transactions, creditor compromises, and strategic mergers, acquisitions and sales. We work closely with key constituencies to develop, negotiate and implement restructuring solutions to efficiently resolve distressed situations and improve value for stakeholders.
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