Creditor Committee Practice

Young Conaway represents Official Committees of Unsecured Creditors in a variety of chapter 11 proceedings.  As counsel to an Official Committee of Unsecured Creditors, Young Conaway believes it is imperative for its clients to develop a sound strategy early in the proceedings and to actively pursue that strategy throughout the case.  To accomplish this, the Committee members must have immediate access to information regarding the status of the chapter 11 proceedings.  Thus, Young Conaway establishes a communication protocol specific to each case that is intended to ensure that each committee member obtains timely access to all information relevant to the case. 

Moreover, because of our substantial experience and relationships with insolvency experts around the country, Young Conaway is able to advise the committee on all matters pertinent to chapter 11 proceedings, including, among other things:

  • the debtor's decision to sell substantially all of its assets on shortened notice,
  • a debtor's financing and restructuring strategy,
  • the validity and/or extent of a secured creditor's liens and claims,
  • valuation and solvency of a debtor and/or its assets,
  • the validity and prosecution of potential bankruptcy and non-bankruptcy related causes of action, and
  • the most effective and efficient means of maximizing value for unsecured creditors.