Freeman, Freeman & Smiley LLP

Service Details

Bankruptcy and Insolvency

Our Bankruptcy and Insolvency Practice Group stands ready to defend or prosecute the rights of debtors, creditors, committees, and trustees in all forums.  We provide a highly specialized skill set with an elevated level of expertise and commitment to serving our clients that are wading through distressed financial issues.  Our extensive experience in bankruptcy-related issues allows us to effectively navigate the various types of proceedings and issues that are generated in every aspect of complex bankruptcy cases.  Whether in trial, arbitration or mediation, our litigators work hand in hand with our restructuring attorneys to achieve the most favorable outcome for our clients.

We represent the interests of debtors or creditors and strive to quickly identify the critical points that require attention to produce optimal results. We provide guidance from first-day hearings, valuation trials, and contested evidentiary hearings to confirmation, postconfirmation, avoidance, and preference litigation.

We extend beyond the traditional representation of debtors, creditors and other parties in interest and include both the prosecution and defense of adversaries and contested motions. 

Our services include the following:

  • Debt restructuring
  • Reorganizations
  • Commercial workouts
  • Distressed transactions
  • Exchange offers
  • Fraudulent conveyances
  • Relief from stay motions
  • Nondischargeability actions
  • Trustee motions
  • Formal bankruptcy proceedings
  • Avoidance actions
  • Cash collateral disputes
  • Debtor-in-possession (DIP) financing disputes
  • Contested confirmations
  • Intercompany disputes
  • Fraud claims
  • Fiduciary and lender liability claims
  • Auditor accountability actions
  • Aiding and abetting actions
  • Valuations

Representative Clients and Matters

  • Fremont General Corporation—Parent Company to the third largest subprime lender in the Country
  • Daewoo Motor America, Inc.—Exclusive U.S. Distributor of Daewoo automobiles
  • Leisure Technology, Inc.—Developer of retirement communities throughout the Country
  • Maguire Thomas Partners—Affiliate-Owner of the Gas Tower Office Building in Downtown Los Angeles
  • Northview Corporation—Diversified real estate development company
  • Peregrine Entertainment, Inc.—Entertainment company that included a film library that resulted in the infamous Peregrine decision that requires the recording of copyright mortgage to perfect a security interest in copyrightable materials.