Bankruptcy & Workouts

Grimes Galvano has drawn from its extensive expertise in the areas of bankruptcy, commercial real estate & land use, litigation and business planning to offer one-stop shopping for individuals, business owners, developers, landlords and lenders in need of assistance with a broad range of challenges in the current economic downturn.

Our bankruptcy attorneys have a refreshing ability to handle both creditor and debtor representation in all aspects of insolvency litigation.  Our experience includes representing , among others:

  • Debtors in Chapters 7, 11, 12 and 13 proceedings
  • Assignees and assignors  in assignment for the benefit of creditors, an insolvency proceeding under Florida state law
  • Creditors’ committees in Chapter 11 Proceedings
  • Creditors in all types of Bankruptcy proceedings, both secured and unsecured
    bankruptcy trustees
  • Landlords
  • Companies involved with distressed real estate and other assets, and
    foreclosure, both defending and foreclosing
  • Related representation includes counseling clients in and out of court to assist in finding solutions to issues related to commercial loan defaults and restructuring, foreclosures and alternatives to foreclosure such as short sales and deeds in lieu of foreclosure and renegotiation of unexpired commercial leases and litigation related thereto

These unique times highlight the ability of our bankruptcy department to work in conjunction with our commercial real estate and land use attorneys to represent owners, developers, commercial real estate brokers and lenders dealing with a stalled development project or an under-performing income-producing property such as an office building or shopping center, including:

  • Purchase an asset out of a distressed company
  • Reorganize debts arising from commercial real estate investments
  • Loan restructuring, including pre-negotiation agreements, forbearance agreements, modification of existing loan documentation, title work, etc.
  • Renegotiation of leases that are in default
  • Renegotiation of executory contracts that are in default or in danger of nonperformance
    contract, closing and title insurance in connection with purchase and sale of troubled assets
  • Settlement agreements and deeds in lieu of foreclosure
  • Review and advice on status of local development approvals and extension of expiration dates
  • Review and advice on status of DRI approvals, buildout dates and extensions
  • Obtaining development approvals to position an owner to sell or develop a project as the economy and market improve