SERVICES
Proofs of Claim
Notices of Appearance
Motions for Relief from Stay Concerning All Types of
Collateral in Chapters 7, 11 or 13
Objections to Chapter 13 Plans Concerning All Types
of Collateral
Stipulations for Relief From the Automatic Stay and
Stipulated Orders for Relief from the Automatic Stay
Stipulations Concerning Confirmation of Chapter 13
Plans
All Legal Services Required to Participate in
Chapter 11 Proceedings and Objecting to Confirmation
of Chapter 11 Plans of Reorganization Concerning All
Types of Collateral
Reaffirmation Agreements
Subrogation Claims
Non-Dischargeability Complaints
Preference and Fraudulent Conveyance Defensive
Actions
Defensive Foreclosure Bidding
Appearances at § 341 First Meetings of Creditors
Bankruptcy Rule 2004 Examinations
Court Appearances Including Evidentiary Hearings and
Contested Plan Confirmation Hearings
Bankruptcy Appeals |
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Commercial Bankruptcy and Loan Restructuring
Folks Hess represents large financial
institutions in commercial bankruptcy and reorganization, negotiation
and preparation of cash collateral orders, relief from the automatic
stay, and plan confirmation objections.
See below:
Significant Bankruptcies •
Representative Clients
View the PowerPoint from Larry Folks' 2008
bankruptcy mediation seminar
FOR YOUR FILE: Our
service and
experience summary (PDF) for commercial lenders
Commercial Bankruptcy and Reorganization
From our offices in Phoenix, Arizona's Central Corridor, the law firm of Folks
Hess
represents large financial institutions in
commercial bankruptcy and reorganization
proceedings to protect their Arizona interests. Our Arizona
attorneys are seasoned
bankruptcy practitioners who possess
in-depth knowledge of bankruptcy law and
have extensive experience representing
creditors in proceedings under all chapters
of the U.S. Bankruptcy Code.
Among the legal services that our bankruptcy lawyers routinely provide
to our clients in Arizona bankruptcy proceedings are
the negotiation and preparation of cash
collateral orders, motions for relief from
the automatic stay, and plan confirmation
objections. We also routinely defend
preference actions and other adversary
proceedings and contested matters brought
against our clients by bankruptcy trustees
and other parties-in-interest. The depth of
our knowledge and experience provides a
distinct advantage to our clients, enabling
us to quickly develop and implement
strategies designed to achieve our clients’
goals efficiently and effectively. At the
same time, we provide a level of
personalized service that is seldom found at
larger Phoenix law firms.
Loan Restructuring and Workouts
The
Folks Hess law firm represents
commercial lenders, equipment lessors and
other financial institutions in all phases
of the business reorganization process,
including loan restructuring and
out-of-court workouts. Our Phoenix-based attorneys have
considerable knowledge and experience in the
negotiation and documentation of debt
restructuring and corporate reorganization
transactions. Among the loan restructuring
services that we routinely provide to our
clients who have Arizona interests are preparation of forbearance
agreements, loan modification agreements,
deeds in lieu of foreclosure, and complete
documentation of loan sale transactions.
Unlike many other Arizona law firms, we have a
thorough understanding of our clients’
underlying business operations, enabling us
to provide legal representation that does
not lose sight of our clients’ business
goals and objectives.
Our
firm's founding member,
Larry O.
Folks, a Certified Bankruptcy Specialist
(State Bar of Arizona), a Certified
Business Bankruptcy Specialist (American
Board of Certification) and a past chair of the State Bar of Arizona's
Bankruptcy Section, also has
significant experience in representing
creditors in high-dollar and complex Arizona
bankruptcy proceedings and loan workouts. In
fact, Mr. Folks is one of a handful of
Phoenix-area bankruptcy attorneys with
experience in representing creditors in
Chapter 9 municipal bankruptcy proceedings,
experience that he obtained by representing
several bondholder committees and a Chapter
9 bankruptcy debtor.
Significant Bankruptcies
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America West Airlines
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American Continental Corporation
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Central Arizona Irrigation and Drainage
District
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International Fibercom, Inc.
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Megafoods
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New Magma Irrigation and Drainage District
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Smith Bros. Motors, Inc.
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Superstition Mountain Community Facilities
District
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WGI, Inc.
Representative Clients
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BMO Harris Bank
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Comerica Bank
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MidFirst Bank
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Washington Federal
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