Distressed Mergers & Acquisitions

Burr & Forman's commitment to the changing needs of lenders and creditors is evidenced by its substantial Creditors' Rights and Bankruptcy practice.

Burr has over 50 attorneys concentrating in this area of law, making the firm one of the largest bankruptcy practice groups in the region. This allows individual attorneys the ability to focus on narrow specialties. The group was recently ranked by Law360 as the 36th largest Creditors' Rights and Bankruptcy team in the United States. Based on this ranking, Burr's team is the largest in the Southeast. In 2012, 10 of our creditors' rights and bankruptcy attorneys were listed as a leading practitioner in Bankruptcy/Restructuring by the highly regarded Chambers USA. 

We have extensive experience in handling distressed mergers and acquisitions (M&A), whether in an out-of-court transaction, a state court receivership, section 363 sale under the Bankruptcy Code, under a plan of reorganization, or in a prepackaged or other enforcement transaction. We work with a distressed company’s management and financial advisors to craft the optimal business-focused solution. Increasingly, we also represent manufacturers who are customers of insolvent entities where the manufacturer must immediately have a unique part made by its sole source, the financially distressed supplier, who is expected to deliver the part on a “just in time” basis. 

Members of the Creditors' Rights and Bankruptcy team concentrate on the acquisition, disposition, restructuring, and development of troubled properties. We sometimes install receivers to manage those properties. Additionally, we leverage our firm’s strength in banking to provide financial institutions with counsel in connection with debtor in possession (DIP) financings and exit financings related to distressed M&A. And, we develop, negotiate, and execute reorganization strategies for all types of matters found in the asset resolution section of banks.

We often represent stalking horse buyers and other bidders in bankruptcy 363 sales. The purchase and sale of assets and businesses has developed into a significant component of commercial bankruptcy and insolvency practice. Sellers in distress situations many times utilize a bankruptcy court sale as the best way to conduct an orderly sale process and achieve the best value for their creditors and stakeholders. Similarly, the purchasers of distressed assets appreciate the value and protections afforded in a bankruptcy court blessed asset sale.

Our Attorneys

Edward Christian
Partner ~ Birmingham, Alabama|
(205) 458-5155
(205) 244-5620
Edward
David Dowd, III
Partner ~ Birmingham, Alabama|
(205) 458-5293
(205) 244-5629
David
Gene Price
Partner ~ Birmingham, Alabama|
(205) 458-5328
(205) 244-5698
Gene
William Schifino, Sr.
Of Counsel ~ Tampa, Florida|
(813) 367-5745
(813) 357-3526
William
Graham Stieglitz
Partner ~ Atlanta, Georgia|
(404) 685-4316
(404) 214-7923
Graham
George Taylor, III
Partner ~ Birmingham, Alabama|
(205) 458-5254
(205) 244-5711
George

Experience Matters

Brief sentence defining representative matters.

  • Environmental Permits

    Assisted with environmental permitting of Developments of Regional Impact.
  • Environmental Permits

    Negotiated environmental permits under various environmental statutes.
  • Environmental Related Agreements

    Negotiated landfill gas sale and transportation agreements.
  • Gas Pipeline Use Agreements

    Negotiated gas pipeline use agreements.
  • Sale of Assets

    Represented National Car Credit, Inc., a finance and insurance services company with operations in four states, in the sale of substantially all its assets to Crescent Bank and Trust Company, Baton Rouge, Louisiana. The transaction closed in the second quarter of 2009. Assets consisted primarily of active retail installment contracts and other accounts receivable, as well as tangible personal property and related systems and software. Real estate assets were also conveyed.