Distressed Debt and Bankruptcy
BLB&G has obtained billions of dollars through litigation on behalf of bondholders and creditors of distressed and bankrupt companies.
Our clients include creditors' committees, bankruptcy trustees and investors in fixed income, high yield and distressed debt securities. We have an excellent track record of seeking redress for losses under the securities laws in actions under state and federal law against prior management, auditors, bankers and other advisors for various forms of misconduct. We prosecute claims on a contingent basis on behalf of institutions and individuals, in which we:
- Assist the distressed investor in developing strategies and tactics to recover assets lost due to fraud or mismanagement;
- Share expertise on how bondholders can use litigation as a tool to recover assets;
- Outline when to assert claims outside of the bankruptcy context;
- Explain the advantages of using the creditors' committee to affirmatively litigate on behalf of bondholders.