Practice Overview

Sonkin • Koberna has vast experience in financial restructurings, workouts and other matters involving financially distressed companies and transactions. Our expertise includes advising on workouts, negotiation and drafting of forbearance and restructuring agreements, debtor-in-possession financings, reorganizations, purchase and sale of distressed companies, assets and debt, and preference and fraudulent conveyance avoidance actions. We also represent our clients in a variety of other credit structures, including securitizations, leasing transactions and credit facilities.

REPRESENTATIVE ENGAGEMENTS

  • Represented buyer of scrap metal processing company in 363 auction sale
  • Represented borrower and full recourse guarantors in restructuring of approximately $7,000,000 of debt and short sale of multiple apartment buildings, with guarantors’ debt for multi-million dollar shortfall settled for less than $200,000 each
  • Represented steel broker/processer and full recourse guarantor in secured party sale of assets, with guarantor being released of multi-million dollar shortfall
  • Represented retailer and full recourse guarantor in restructuring of $9,000,000 dollar debt
  • Represented numerous automobile dealerships in restructuring of floor plan and other commercial debt

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