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.

Areas of Focus: Bankruptcy | Government Policy & Public Integrity | Municipal | Public Agency Litigation | Renewable Energy
Areas of Focus: Bankruptcy | Business Litigation
Areas of Focus: Bankruptcy | Business | Business Litigation
Areas of Focus: Business | Business Litigation | Franchise Law | Real Estate
Areas of Focus: Bankruptcy | Education Law
Areas of Focus: Business | Business Litigation
Press Releases Mar 29, 2021

Bankruptcy Attorney Caroline Djang Named a Banking and Finance Visionary

The Los Angeles Times’ Banking and Finance Magazine Recognizes BB&K Partner

Press Releases Jan 26, 2021

Six BB&K Attorneys Make Southern California Super Lawyers List

BB&K Attorneys Spanning Across Los Angeles and Irvine Receive 2021 Honor

BB&K In the News Dec 08, 2020

BB&K Attorney and Barrett, The Honors College at ASU Alum Christina Morgan Profiled

The Business Practice Group Member Featured in Alumni Newsletter

Press Releases Nov 05, 2020

BB&K’s 2021 Best Law Firms Rankings Include New Tier 1 Recognitions

Annual U.S. News & World Report and Best Lawyers List

Press Releases Aug 20, 2020

36 BB&K Attorneys Recognized on The Best Lawyers in America List for 2021

Three Named “Lawyers of the Year” and One Included on “Ones to Watch” List

Legal Alerts Jul 08, 2020

Five Takeaways for Commercial Landlords When Tenants File Bankruptcy

COVID-19 Pandemic Likely to Increase Bankruptcy Filings

Press Releases Jan 17, 2020

Southern California Super Lawyers 2020

Nine BB&K Attorneys Earn Recognition

Press Releases Aug 15, 2019

The Best Lawyers Recognizes 31 BB&K Attorneys on 2020 List

Including Seven Named as “Lawyer of the Year”

Authored Articles & Publications May 22, 2019

Expert Witnesses: Effective Questioning

Litigator Scott Ditfurth Shares Best Practices in Riverside Lawyer

Authored Articles & Publications May 22, 2019

Rooms with a View: Cross-Examining Experts in Depositions

BB&K Partner Mark Easter Walks Us Through the House of Depositions in Riverside Lawyer Magazine

Press Releases May 13, 2019

BB&K One of 200 Largest Law Firms in the U.S.

Law360 Annual Ranking Reflects Firm’s Continued Recent Growth

BB&K In the News Feb 27, 2019

American Lawyer Discusses BB&K Growth Last Year

Firm Expands to Meet Client Demand

Press Releases Jan 30, 2019

Seven Attorneys on Southern California Super Lawyers List

2019 Recognition Includes Riverside, Irvine, Los Angeles and Manhattan Beach Attorneys

Authored Articles & Publications Oct 24, 2018

Lessons From History: Protecting Artists and Art Owners from Losing Their Art

BB&K Attorneys Cathy Ta and Alexander Brand Write in Riverside Lawyer Magazine

Legal Alerts Oct 23, 2018

Health Care Districts Facing New Requirements Under AB 2019

Impacts to Information Sharing, Grant Policies and More

Authored Articles & Publications Jul 27, 2018

Bankruptcy Attorneys and Free Speech

Cathy Ta and Alexander Brand Explore the Lines in Riverside Lawyer Magazine

Authored Articles & Publications May 23, 2018

Sexual Harassment Civil Judgments in Bankruptcy

BB&K Attorneys Cathy Ta and Alexander Brand Write in Riverside Lawyer Magazine

Authored Articles & Publications May 09, 2018

A Bankruptcy Trustee's Power to Abandon Property of the Estate: The Public Health or Safety Exception

BB&K Attorneys Cathy Ta and Holland Stewart Featured in Riverside Lawyer Magazine

Authored Articles & Publications Sep 26, 2017

The Non-Dischargeable Student Loan

BB&K Attorney Cathy Ta Writes for Riverside Lawyer Magazine

Authored Articles & Publications Sep 05, 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

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

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

Authored Articles & Publications Sep 04, 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

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

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

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

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