Bankruptcy & Creditors’ Rights

Carella Byrne provides seasoned and strategic representation for debtors, creditors, and other interested parties in bankruptcy proceedings. We complement a comprehensive understanding of bankruptcy law and procedure with the valuable perspectives and insights of attorneys with backgrounds in multiple legal disciplines that intersect with these nuanced and complex matters. This depth and breadth of experience allow us to develop holistic bankruptcy approaches tailored to achieving each client’s goals in Chapter 7, 11, and 13 proceedings. We pride ourselves on our ability to identify and navigate the legal and business implications of every potential course of action, whether they be in core proceedings, adversary actions, or out-of-court restructurings.

For individual and business debtors, we help restructure debt, formulate reorganization plans, and negotiate workouts that can position them for a successful emergence from bankruptcy proceedings.

Secured and unsecured creditors, as well as creditors’ committees, reap the benefits of our aggressive advocacy and ability to craft and implement creative, cost-effective workout and restructuring strategies designed to minimize risk and maximize realization on collateral.

Comprehensive Bankruptcy Representation

Carella Byrne’s bankruptcy attorneys represent creditors and debtors in liquidation or reorganization proceedings under Chapters 7, 11, and 13 of the Bankruptcy Code, including:

  • Prosecution and defense of adversary proceedings to determine dischargeability or objections to discharge
  • Defense of fraudulent conveyance actions or preferential transfer actions filed by the trustee
  • Assignments for the benefit of creditors
  • Contested cash collateral proceedings
  • Out-of-court composition plans or workouts
  • Prosecution and defense of motions to modify the automatic stay
  • Preparing and securing reaffirmations of debt

Since the firm’s founding in 1976, Carella Byrne has become synonymous with legal excellence, including the representation of parties involved in bankruptcy proceedings or those in need of counsel to realize recoveries on delinquent obligations.

RELATED PRACTICES

Area of FOCUS

Liquidation
Reorganization

Bankruptcy & Creditors’ Rights Attorneys

OUR ATTORNEYS

Practice Areas

Wills & Estates

Our attorneys understands how critical it is that business owners prepare for retirement or unforeseen circumstances in a way that provides for their financial well-being and the continuity of their companies.

Litigation

When disputes arise, our seasoned litigators provide exceptional advocacy grounded in holistic strategies designed to achieve each client’s overall business, financial, and personal goals.

Labor Law

Whether before a hearing board, in the courtroom, or at the negotiating table, our labor lawyers leverage their considerable advocacy and negotiating skills to advance and protect our clients’ interests.

About us

njsba.org

Student Mental Health and Social Media

Partner Michael Innes wrote an article titled “Why New Jersey school districts are filing lawsuits against social media companies, which is featured in the New Jersey School Board Association Reader Forum: Student Mental Health and Social Media.
Law360

Chrysler Owners Win Cert. Of 6M Class In Takata Airbag MDL

A judge has certified a class of roughly 6 million Fiat Chrysler vehicle owners who assert fraud claims against FCA US in sprawling multidistrict litigation accusing automakers of hiding the risks associated with allegedly explosive Takata airbags.
The 74

Carella Byrne’s Michael Innes Featured in Recent The 74 Article

Innes was featured in recent article titled Teen Mental Health Crisis Pushes More School Districts to Sue Social Media Giants. “The harms caused by social media companies have impacted the districts’ ability to carry out their core mission of providing education.”

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