Creditor's Rights

Overview

In addition to budget shortfalls, many of our public agency clients are increasingly finding themselves in the creditor’s position in insolvency proceedings when developers or vendors go bankrupt. Our attorneys have the knowledge to advise clients on potential pitfalls and how to maximize the possibility for a meaningful recovery.

For example, the City of Pittsburg was faced with an multimillion dollar project abandoned by the bankrupt developer in the heart of Old Town Pittsburg. We represented the City and its redevelopment agency in extensive negotiations with competing interests of the bank that resulted in the Redevelopment Agency owning the project free and clear, with construction completed last year