Financial Services

Out-of-the-box thinking can provide surprisingly positive results.

Banks and other creditors look to Downs Rachlin Martin’s Bankruptcy and Financial Services Litigation team to both defend them and enforce their rights in bankruptcy and other state and federal courts, and to advise them when restructuring is the best solution to a problem loan or financial relationship.

Experience that runs the gamut.

We offer a full range of bankruptcy and financial services to accommodate our clients' needs.

Bankruptcy and Insolvency. Representation of secured and unsecured creditors and other interested parties (such as landlords) in all aspects of reorganization and liquidation proceedings, including prosecution of claims, relief from stay, sales of assets, and the prosecution and defense of adversary litigation. Our attorneys have experience in federal bankruptcy court, state court, insurer insolvencies, and state court receiverships.
Loan Workouts and Restructuring. Representation of lenders in workouts of distressed real estate and commercial loans. Our attorneys analyze relevant loan and financial documents, consider any permitting and environmental issues, and work with the lender to develop and implement a strategy tailored to the lender's objectives.
Complex Foreclosure Litigation. Complex foreclosure litigation and related permitting, environmental and condominium law issues. We frequently represent lenders in the enforcement of security interests under the UCC.
Commercial Lending.  We provide advice and counsel on a broad range of commercial lending transactions.
Regulatory and Compliance.  We represent regulated financial service providers at the administrative level and in court.
Investigations.  Our team includes the recently hired former United States Attorney for Vermont, with extensive experience in criminal and regulatory enforcement investigations.

Recent Accomplishments

Whether the job is to maximize the recovery from an insolvent debtor, negotiate the restructuring of a valued but troubled financial relationship, or defend a client from claims by a debtor, competing creditors, or the government, Downs Rachlin brings seasoned talent with insight into the pathways for resolution of these challenging disputes. Recent representative matters include:

  • When a non-profit company that had contracted for the fit-up of a specialty aircraft was faced with an incomplete project and a contractor without means to complete it, the team devised and executed a plan to enable completion of the project in place, while reducing insolvency risks to the client.
  • When a manufacturing group concluded that it needed to close a unionized paper mill facility it had operated for a long period, without creating any financial risk to the other companies in the group, the Downs Rachlin team with other specialists from inside and outside Downs Rachlin managed all aspects of the successful shut-down, including labor, environmental, tax, pension and bankruptcy issues, all without collateral damage to the remainder of the group.
  • When an out-of-state railroad’s liability insurer failed while the railroad was still relying on the failed insurer to pay claims, and the reinsurance on these claims was also in jeopardy due to the failed insurer’s conduct, the Downs Rachlin team helped the client to negotiate a complex multi-party agreement that secured for it the benefits of the insurance to the fullest extent possible.
  • When a financial institution’s safe investment in commercial paper turned out to have been sold to it by a company put into bankruptcy by the SEC because it was operating a Ponzi scheme, the Downs Rachlin team led the bankruptcy litigation that resulted in recovery of credit insurance by the client, despite competing claims from other parties.
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