U.S. Bankruptcy Court
State court litigation moves into the U.S. Bankruptcy Court when a bankruptcy is filed. The judges change; the rules change. Most importantly, the strategies change. The Fox Law Corporation is experienced and knowledgeable with the laws in the U.S. Bankruptcy Court. We understand the use of legal strategies. We are frequently in front of the same judges. We work hard to establish integrity and excellence in this arena.
Negotiating for Success
In one chapter 11 case, a company that demolished freeway concrete, the lender held all of the cards, both money and legal. The chapter 11 case was about to fail and the parties were before the bankruptcy judge on the lender’s motion to effectively end the case. Steven Fox convinced the lender’s representative to discuss the case with him. The lender insisted that the debtor had to agree to all of the lender’s conditions for the chapter 11 case to go forward. These conditions were terrible for the company. Steven Fox asked the representative what the lender would give the debtor if the debtor agreed. Surprised, the representative started giving back most of what the lender was demanding. After 30 minutes, the parties went back before the judge who was very surprised by an outcome favorable to the debtor. The judge had believed he would have to shut down the reorganization case. Instead, the company had a successful chapter 11.