The Breathing Spell
For the beleaguered company struggling valiantly through costs, claims, and creditors to keep the ship afloat, a "breathing spell" can be very attractive.
When a lender has a claim against a bankruptcy debtor, and the claim is secured by a lien on property of the debtor, the Bankruptcy Court balances the interests of the lender and the borrower-debtor in the property.
Cohen & Bordeaux, LLP is a prominent Los Angeles based business reorganization and corporate insolvency boutique law firm, specializing in matters involving business bankruptcy and reorganization, corporate insolvency, and commercial litigation and transactions. Highly regarded for its business bankruptcy experience, successful litigation, and published legal writings, the firm provides expert yet cost effective services to clients; representing companies and individuals in various capacities, including debtors, creditors, equity holders, committees, trustees and investors.
Our Los Angeles based business firm, is able to successfully handle even the most sophisticated legal matters. Here at C&B we provide that one of a kind of personal attention that every client deserves. This chapter 11 law firm not only protects clients' rights, we aggressively pursue them.
This issue of Los Angeles Lawyer Magazine, distributed at the California State Bar convention in Sacramento, features an exclusive article by Jerome S. Cohen. The 'Closing Argument' column, which gives the city's top attorneys a forum to express their viewpoints on a variety of issues, is an insightful commentary by Jerry about ethics, law and tradition.
We encourage people to read this column, both for its sage advice and legal analysis. Jerry brings his customary clarity and lucid prose to a topic with universal appeal. Yet another example of his wisdom and professional credibility.