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Miller Canfield represents corporate and municipal debtors in out-of-court workouts and bankruptcy cases.
A successful bankruptcy case requires more than just mastery of the Bankruptcy Code; it requires skill in all other areas of law that a bankruptcy case may touch. Miller Canfield has the expertise to navigate the bankruptcy process, backed by a deep bench in virtually every area of law that may be involved.
- Miller Canfield serves as counsel to the City of Detroit in connection with its chapter 9 bankruptcy case filed in July 2013 and its ongoing restructuring efforts. Since the city confirmed its bankruptcy plan in 2014, Miller Canfield has continued to represent the city in connection with the implementation of its bankruptcy plan, appeals of plan confirmation, and the resolution of the remaining claims in the bankruptcy case.
- Miller Canfield served as bankruptcy counsel to two telecommunication debtors in mid-Michigan, Great Lakes Comnet and Comlink, settling major litigation with AT&T, Sprint and CenturyLink; closing a sale of the debtors' assets for $32 million in a going-concern sale under Bankruptcy Code section 363 while providing uninterrupted service; and confirming a plan with the unsecured creditors committee to wind up the estates after the sale.
- Miller Canfield represented a Tier 1 automotive supplier in the successful sale of its distressed business and an orderly out-of-court winddown of its operations. Although the supplier's owner (a company located in Europe) had financed previous losses, it could no longer afford to do so and requested that Miller Canfield represent the supplier in its negotiations with the OEM. The negotiations culminated in an agreement from the OEM to fund continued production, sell the business, pay bonuses to employees and management, and provide sufficient funds for an orderly out-of-court wind-down process.