July Surge Suggests Shifts In Ch. 11 Landscape, Law360

Tyler Brown, co-head of the firm's bankruptcy comments on the rise of Chapter 11 filings and the lack of alternatives for businesses and consumers. "As the fallout from the subprime crisis spreads across several industries and as consumer confidence and spending has waned, we are seeing more and more business bankruptcy filings simply because the debtors have no feasible alternatives," noted Brown. "Even so, the costs of staying in Chapter 11 and the impact on business relationships can be enormous so many companies are very interested right now in pre-packaged or pre-negotiated bankruptcies so they can move out of Chapter 11 as quickly as possible."

Brown, co-head of the Bankruptcy Practice Group, focuses his litigation practice on bankruptcy and creditors' rights, loan workouts, lender liability, contract disputes, landlord-tenant disputes and other commercial litigation at the trial and appellate levels, and advice to commercial, consumer and mortgage lenders.