Bankruptcy, Insolvency and Creditor’s Rights
Wyche’s bankruptcy, insolvency and creditors’ rights practice principally involves representation of secured and unsecured creditors against debtors-in-possession and trustees in bankruptcy, assisting in the prosecution of creditors’ claims, and defending against preference and fraudulent conveyance actions. With a deep understanding of our clients’ businesses, we work to achieve practical and efficient results. Where possible, we work to achieve a favorable settlement without the necessity of a trial.
We also advise and represent clients in asset purchases in and out of bankruptcy, as well as in out-of-court workouts. Although we do not generally represent debtors in bankruptcy, we have been retained as special counsel to debtors in large chapter 11 cases on the basis of our particular knowledge of corporate law matters. We are often called upon by counsel in other jurisdictions to assist in bankruptcy cases taking place in South Carolina, and we have earned a reputation for efficiency and effectiveness in these engagements.
We also advise boards of directors in grappling with the difficult issues faced when their company’s business becomes financially distressed.
Much of our bankruptcy-related work for business clients is advisory and preventive in nature, and we take pride in the work that we do in helping our clients avoid problems with insolvent customers or suppliers.