News

Another Victory for the Bankruptcy, Reorganization, and Creditors' Rights Practice Group

When a large telecommunication company recently filed Chapter 11 bankruptcy, another telecommunication company retained Freeborn & Peters LLP to protect its rights as a utility under Section 366 of the U.S. Bankruptcy Code, as amended by the Bankruptcy Abuse Prevention & Consumer Protection Act of 2005 (BAPCPA), and as the single largest unsecured creditor of the debtor.

A team of Freeborn & Peters LLP bankruptcy, litigation and telecommunications lawyers navigated uncharted territory under the BAPCPA, objecting to the debtor™s reorganization plan and other court orders obtained in violation of the BAPCPA. Our attorneys ultimately obtained substantial concessions from the debtor and its senior lenders through a comprehensive settlement.  In addition to the significant economic protections awarded to our client on its projected $120 million annual economic relationship with the debtor post-bankruptcy, the debtor expunged from the record the section 366 utility order obtained in conflict with the BAPCPA. 

Freeborn & Peters LLP attorneys Aaron Hammer, John Shapiro and Randy Vickery lead a team that included Joji Takada, Gia Colunga and Edward Watson in this case.