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Attorneys

Chapman’s market leadership structuring transactions on the front end enhances our ability to anticipate and prepare for virtually any issue that may arise in bankruptcy

Chapman’s dedication to creditors’ rights in the financial markets and our in‑depth understanding of their products and concerns have allowed us to deliver prompt and thorough strategic advice and offer a creative approach to handling sophisticated issues that arise during the course of a bankruptcy proceeding.

CREDITOR REPRESENTATIONS

Chapman’s clients constitute a cross section of creditors in the debt and equity markets:

Agent and Lender Representation
Chapman represents agents and lenders in bankruptcy proceedings. We help clients enforce their rights through the remedies available, including cash collateral and debtor-in-possession (“DIP”) financing agreements and orders, section 363 asset sales, prepackaged chapter 11 filings, plan negotiations and confirmation, claim treatment and defending against claim objections or cram-down, discovery matters, adversary proceedings, and appeals of bankruptcy proceedings.

Fund Representation
Chapman’s experience advising hedge funds, private equity funds, and other investment management companies ranges from structuring investment transactions on the front end to negotiating workouts and remedies on the back end. We bring to the table an in-depth understanding of our clients' investment strategy, products, and goals.

Trustee and Bondholder Representation
Chapman represents indenture trustees and bondholders in matters involving a wide variety of debt securities. Our extensive market leadership on the front end of bond issuances and structured finance products supports and informs our work representing trustees and bondholders in cases of default, bringing to bear our thorough understanding of clients’ challenges, risk tolerances, resolution incentives, and other legal needs.

SELECTED INDUSTRY VERTICALS

Our bankruptcy, workouts, and restructuring attorneys have represented clients across a wide range of industry verticals including health care, for‑profit education, retail, manufacturing, dealer finance, and gaming. The sectors highlighted below provide an overview of Chapman’s range of experience and representation.

Asset Securitization Defaults
We have extensive experience in asset‑backed securitization transactions, including but not limited to RMBS, CMBS, CDOs, and similar structures in insolvency proceedings, as well as significant experience with accompanying swap transactions in default. We have handled restructurings for securitized transactions backed by credit card receivables, equipment leases, trade receivables, manufactured housing loans, mortgage loans, auto loans, and other assets. This experience has included work on some of the most complex and high-profile restructurings of securitization financings to date.

Energy, Oil, and Gas Bankruptcies
Chapman attorneys represent lenders and bondholders in workouts, restructurings, and bankruptcy proceedings involving a wide range of credits in the energy sector, including coal, oil, and gas. The collective experience of our group includes involvement in the bankruptcy proceedings of Argent Energy Trust, Pacific Energy Holdings, Remedial (Cyprus) Public Company, Ltd., Patriot Coal I and II, Alpha Natural Resources, and PG&E National Energy.

Airline Bankruptcies
We have been involved in major airline bankruptcy proceedings including Trans World Airways, United Airlines, Delta Airlines, Northwest Airlines, ATA, and, most recently, American Airlines. We have represented airline creditors across the whole spectrum of transactional types — aircraft leases, pass‑through trusts, and enhanced equipment trust certificate transactions (“EETCs”).

Lease Defaults
Chapman has extensive experience representing lessees, lessors, lenders, and trustees in all types of leasing transactions, including leveraged lease financings, cross-border leases, tax-advantaged and municipal/governmental lease financings, synthetic leases, credit-tenant leases, and a vast variety of lease-related transactions (e.g., equipment trust certificates, enhanced equipment trust certificates, and lease portfolio securitizations). Should our clients face troubled or defaulted leases, our attorneys understand the unique issues connected to these transactions when seeking the best resolution in both in- and out-of-court restructurings.

Cross-Border Bankruptcies
When client interests extend overseas, we provide cross-border insolvency advice in matters involving foreign affiliates and subsidiaries of bankrupt debtors. We have experience in chapter 15 bankruptcy proceedings; for example, Chapman represented a group of ad hoc bondholders in a chapter 15 proceeding commenced by a Houston-based exploration and production (“E&P”) company with assets in the United States and Canada.

Representative Transactions