Overview
Represent bank holding companies in Chapter 11 reorganizations to resolve trust preferred securities (“TRuPS”) and subordinated debt obligations. We also have represented prospective purchasers of a bank holding company’s subsidiary bank in sales conducted under Section 363 of the Bankruptcy Code. As these situations require extensive bank regulatory knowledge and experience and present complicated tax issues, we work closely with members of the Firm’s Financial Institutions and Tax & Business Planning Groups in developing and executing on a plan to obtain timely regulatory approval of a bank sale and the preservation of a bank’s tax assets.