Bankruptcy

Defaults are common occurrences in today’s economy, and bankruptcy can be an effective tool for restructuring debt to enable a financially distressed business or individuals to move forward and succeed. However, a restructuring or bankruptcy requires the ability to work with all parties involved to arrive at a viable, as well as competitive, solution drawn not only from legal knowledge and superior negotiation skills, but also from practical business and court considerations.
 
The BB&K Difference
Best Best & Krieger LLP’s Bankruptcy practice group applies that skillset to represent debtors, creditors, trustees and many other parties in navigating pre-bankruptcy issues through post-bankruptcy financial relationships in ways that maximize value and minimize risks. Because we represent a diverse clientele, we have a comprehensive understanding of the bankruptcy process. This enables us to offer insights to help our clients determine and strategize their best course of action.
 
Comprehensive Service
Our team of experienced attorneys, skilled paralegals and staff offers thoughtful, strategic and cost-effective counsel in all areas of bankruptcy and insolvency, from comprehensive counseling to litigation services at all stages. In any negotiation, sale, restructuring, liquidation or litigation context, we leverage every tool available to optimize our clients’ position — whether it be in or out of court, with or without the use of experts, or under bankruptcy law, nonbankruptcy law or their intersection.
 
We have represented debtors, creditors, trustees, financial institutions, judgment creditors, cities and public agencies, among others, in complex Chapter 7, 9 and 11 proceedings. We frequently assist clients with the following:

  • Pre-bankruptcy planning and counseling
  • Pre- and post-confirmation counseling
  • Chapter 11 reorganization and restructuring
  • Chapter 7 liquidation and corporate dissolution
  • Negotiation of financing agreements, debt restructuring and out-of-court loan workouts and claim settlements
  • Acquisition of assets from distressed or insolvent companies
  • Protection of creditor’s rights and collateral issues
  • Assertion of, and objection to, claims
  • Unsecured debt collection and recovery
  • Prosecution and defense of fraudulent conveyance actions, preferential transfer actions and turnover requests
  • Prosecution and defense of exceptions to discharge, denial of discharge and homestead issues
  • Adversary proceedings and related litigations, such as interpleader actions
  • Automatic stay litigation
  • Valuation and discovery disputes
  • Executory contract and unexpired lease issues
  • Confirmation issues such as cramdown, classification and Absolute Priority Rule issues
  • Fiduciary issues


Notably, as a law firm leader in advising public agencies, we are distinctively qualified to counsel clients on policy, governance and legal issues involving municipal bankruptcies and insolvencies.

Our attorneys are active and recognized members of numerous state and national organizations, including the American Bankruptcy Institute and the California Bankruptcy Forum. Our attorneys practice in the United States Bankruptcy Court, the United States District Court, the Bankruptcy Appellate Panel and the U.S. Ninth Circuit Court of Appeals.

Franklin C. Adams

Franklin C. Adams

Partner

(951) 826-8302

Areas of Focus: Bankruptcy | Business | Business Litigation | Municipal Law
Marvin I. Cohen

Marvin I. Cohen

Paralegal*

(951) 826-8440

Areas of Focus: Bankruptcy | Eminent Domain | Municipal Law | Public Agency Litigation
Richard T. Egger

Richard T. Egger

Partner

(909) 466-4915

Areas of Focus: Bankruptcy | Business | Business Litigation | Municipal Law | Public Agency Litigation | Trusts & Estates
Arthur E. Johnston

Arthur E. Johnston

Paralegal*

(951) 826-8342

Areas of Focus: Bankruptcy | Business
Cathy Ta

Cathy Ta

Of Counsel

(213) 787-2562

Areas of Focus: Bankruptcy | Business | Business Litigation
The Non-Dischargeable Student Loan
Authored Articles & Publications Sep 26, 2017

The Non-Dischargeable Student Loan

BB&K Attorney Cathy Ta Writes for Riverside Lawyer Magazine

Best in Law: Which Interest Rate Applies in Bankruptcy?
Authored Articles & Publications Sep 5, 2017

Best in Law: Which Interest Rate Applies in Bankruptcy?

With Low Federal Rates, It Matters, BB&K Attorney Thomas Eastmond Writes in the Press-Enterprise

Liability Coverage Policies: Property of the Estate to Which the Automatic Stay Applies
Authored Articles & Publications May 19, 2017

Liability Coverage Policies: Property of the Estate to Which the Automatic Stay Applies

BB&K Attorney Cathy Ta Discusses in Riverside Lawyer Magazine

Authored Articles & Publications Mar 21, 2017

Best in Law: How Courts Sort Out Property Rights in Tough Bankruptcy Cases

BB&K Attorney Thomas Eastmond Writes for the Riverside Press-Enterprise

Cathy Ta Video Bio
Videos Nov 18, 2016

Cathy Ta Video Bio

Associate

Bankruptcy Procedure in the Context of Turnover and Preference Law
Authored Articles & Publications Sep 28, 2016

Bankruptcy Procedure in the Context of Turnover and Preference Law

BB&K Attorney Cathy Ta Authors a Look at Bankruptcy Law for Los Angeles Lawyer

Best in Law: Sometimes, Bankruptcy Can Help Maintain Vital Business Ties
Authored Articles & Publications Sep 4, 2016

Best in Law: Sometimes, Bankruptcy Can Help Maintain Vital Business Ties

BB&K Attorney Cathy Ta Says Bankruptcy is a Way to Move Forward in the Riverside Press-Enterprise

To Assume or Reject: Unexpired Real Property Leases in Bankruptcy
Authored Articles & Publications Jun 13, 2016

To Assume or Reject: Unexpired Real Property Leases in Bankruptcy

BB&K Attorney Cathy Ta Discusses Executory Contracts in Riverside Lawyer Magazine

BB&K Attorney Cathy Ta Appointed to IWIRC Southern California Board
Press Releases Mar 11, 2016

BB&K Attorney Cathy Ta Appointed to IWIRC Southern California Board

Ta is Serving as the Young Professionals Chair

Client Successes Feb 26, 2016

BB&K Team Helps L.A. County Get State Funding for Exide Contamination

Board of Supervisors gives commendation to attorneys John Holloway and Gene Tanaka

When One Spouse Files for Bankruptcy, But Not the Other
Authored Articles & Publications Feb 23, 2016

When One Spouse Files for Bankruptcy, But Not the Other

BB&K Attorney Cathy Ta Writes About Community Property and Community Claims in Bankruptcy in Riverside Lawyer Magazine

Event Oct 1, 2014

Asset Protection: Facts and Fantasies

Estate Planning Council of Riverside County

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