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Bankruptcy, Financial Restructuring, and Workouts

National experience – credibility and knowledge when it matters most.

The complexities of an ever-changing U.S. Bankruptcy Code require experienced commercial litigators who can assist clients with navigating a shifting landscape.  With attorneys who have nearly 35 years of legal experience in bankruptcy, financial restructuring, workouts and commercial litigation matters Gensburg Calandriello & Kanter’s seasoned litigators, who practice regularly in courts throughout the United States, advise secured and unsecured lenders, vendors, lessors, creditors’ committees and debtors in all phases of corporate reorganizations and debt structuring.  Following a multidisciplinary approach, GCK lawyers manage cases which involve distressed acquisitions and sales, breach of contract, settlement agreements, civil lawsuits, collections and post-judgement enforcement, in a swift, cost-efficient manner.

Gensburg Calandriello & Kanter handles complex restructuring and corporate matters for clients in bankruptcy courts across the country.  On behalf of secured and unsecured lenders, landlords and creditors’ committees, GCK manages loan workouts, commercial litigation, foreclosure proceedings, UCC sales, collection actions and the recovery of assets.  GCK represents manufacturing and service-based firms of all sizes, and handles all phases of workouts and restructuring including: settlement of business disputes; corporate reorganizations; out of court restructuring; state court litigation; and Chapter 7 and Chapter 11 filings.

GCK provides services to minimize or eliminate exposure related to proceedings brought to undo pre-bankruptcy transfers, including preference actions and claims of fraudulent transfers, and GCK vigorously defends recipients of such alleged transfers.  We ensure the interests of our clients are represented in all aspects of the bankruptcy case and that our clients receive the money to which they are entitled through the claims resolution process.  GCK also helps its clients negotiate and purchase or sell distressed assets through or from Chapter 7 and 11 estates.  With respect to individual cases, GCK both defends and prosecutes objections to discharge and the dischargeability of certain debts.

Representative bankruptcy, financial restructuring, and workout services:

  • Assignments for the Benefit of Creditors
  • Corporate reorganizations and Debtor-in-Possession matters
  • Creditor Committee representation
  • Debt restructuring
  • Distressed acquisitions and sales
  • Enforcement of creditor rights
  • Liquidations
  • Loan workouts and debt refinancing
  • Post-judgement enforcement
  • Prosecuting and defending preference and fraudulent transfer actions
  • Prosecuting and defending actions to deny discharge or the dischargeability of claims
  • Purchase and sale of assets
  • Negotiating Settlement agreements


Representative examples of bankruptcy, financial restructuring, and workout matters:

  • 3506 River Road LLC – Represented Chapter 11 Debtor in the Northern District of Illinois
  • AgFeed USA, LLC – Represented the Official Committee of Unsecured Creditors in the District of Delaware
  • Ben Franklin Retail Stores, Inc. – Represented vendor preference defendants in Chapter 7 bankruptcy in the Northern District of Illinois
  • Big Idea Productions, Inc. – Represented Official Committee of Unsecured Creditors in the Northern District of Illinois
  • Bruno’s Supermarkets, Inc. – Represented Liquidating Trustee in Chapter 11 cases pending in both the Northern District of Alabama and Southern District of South Carolina
  • Clark Retail Enterprises, Inc. – Represented the Official Committee of Unsecured Creditors in the Northern District of Illinois
  • Circuit Systems, Inc. – Represented Chapter 11 Debtor in the Northern District of Illinois
  • Dvorkin Holdings, LLC – Represented Equity Holders in the Northern District of Illinois
  • Direct Transit, Inc. – Represented Official Committee of Unsecured Creditors in the Northern District of Iowa
  • Gallery Corp d/b/a Mattress Gallery – Represented Chapter 11 Debtor in the District of Delaware
  • MCK Millennium Centre Parking, LLC – Represented Chapter 11 Trustee in the Northern District of Illinois
  • Midway Airlines, Inc. – Represented Chapter 7 Trustee in this converted Chapter 11 proceeding in the Northern District of Illinois
  • Radius Machine & Tool, Inc. – Represented Chapter 11 Debtor in the Northern District of Illinois
  • Radnor Holdings Corporation – Represented the Official Committee of Unsecured Creditors in the District of Delaware
  • RHC/Spacemaster Corp. – Represented the Official Committee of Unsecured Creditors in the Northern District of Illinois
  • RWJ Management Co., Inc. – Represented petroleum wholesaler in the Northern District of Illinois
  • Specialty Chem Products Corporation – Represented the Official Committee of Unsecured Creditors in the Eastern District of Wisconsin
  • South Suburban Business Campus, Inc. – Represented secured lender in Chapter 7 bankruptcy in the Northern District of Illinois
  • Termano LLC – Represented Chapter 11 Debtor in the Northern District of Illinois
  • Tucker, Inc. – Represented Chapter 11 Debtor in the Northern District of Illinois
  • UAL Corporation – Represented City of Chicago in the Chapter 11 bankruptcy of United Airlines in the Northern District of Illinois
  • Western Suburban Industrial Investments Limited Partnership – Represented Chapter 11 Debtor in the Northern District of Illinois
  • Woodfield Gardens Associates – Represented Chapter 11 Debtor in the Northern District of Illinois
  • Xpedior Incorporated – Represented Chapter 11 Debtor in the Northern District of Illinois
  • Yellow Cab Affiliation, Inc. – Represented Chapter 11 Debtor in the Northern District of Illinois