Klehr Harrison’s original practice focus was on bankruptcy and restructuring and to this day continues to be a primary attraction to our clients.
From the beginning of every engagement, we use a results-oriented approach to maximize outcomes for our clients and resolve problems in the shortest time possible to minimize expense. We develop creative strategies unique to each situation. Frequently, our client’s best course of action is to avoid lengthy and expensive litigation by restructuring troubled loans through forbearance agreements or other consensual arrangements. Other situations call for an aggressive litigation approach or in-court restructuring proceedings. Always, we focus on the most effective and efficient strategy to achieve our client’s goals.
We have the sophistication and expertise to handle difficult matters long before a company enters the bankruptcy arena. However, in the context of bankruptcy proceedings, our clients and colleagues tell us that we are among the most aggressive in the nation – a status acquired by always putting our clients’ needs and objectives first. We are consistently recognized by Chambers USA as a distinguished law firm in Pennsylvania in the area of bankruptcy and restructuring, including individual rankings for two of our attorneys in 2022. According to Chambers USA, 2022, clients reported “They are very proficient at tackling complex organization structures and legal issues.“ and “The team is responsive and timely.” In 2021, clients also shared, “They are smart and responsive. They take a very practical and pragmatic approach.”
We serve clients in a broad range of industries including hotels, restaurants, hospitality, energy, chemical, pharmaceutical, automotive, retail, communications, marketing, manufacturing, financial institutions, and health care – to name a few.
We are a “go-to” firm in Delaware for lead counsel roles on middle-market distressed situations and in major national restructurings, we serve as local counsel to some of the largest AmLaw 100 national firms who continually turn to us because they trust our Delaware experience.
Our practice’s Delaware office is typically involved in many of the filings in the District of Delaware. We are deeply rooted in Delaware’s bankruptcy practice community, which gives us great insight not only into the jurisprudence of the Bankruptcy Code but also into how the Delaware judges have handled issues and cases.
Select Representative Matters
Our attorneys guide statutory and ad hoc committees through all aspects of the chapter 11 process, analyzing the debtor's financing and restructuring strategy, valuing the debtor and its assets, investigating and prosecuting bankruptcy and non-bankruptcy causes of action, and maximizing the return to unsecured creditors.Learn More
Our attorneys litigate in bankruptcy courts throughout the country. We are well-equipped to handle the full array of contested matters and adversary proceedings that arise in bankruptcy cases, state and federal court receiverships and in the creditor-debtor relationship.Learn More
Our attorneys utilize their in-depth knowledge of bankruptcy code and court proceedings to assist opportune developers and investors with the sale and acquisition of distressed assets of all sizes.Learn More