Attorneys

Shirley S. Cho
Peter J. Keane
Bradford J. Sandler

Practices

Unsecured Creditors' Committees

Back Yard Burgers

The firm was counsel to the creditors’ committee of Back Yard Burgers. The debtors are a quick-service restaurant chain with 90 locations throughout the Southeast. The creditors’ committee was able to reach a deal for significantly improved treatment of unsecured creditor recoveries over the proposed starting position and was a coproponent of the plan of reorganization, which was confirmed. The improved plan resulted in a waiver of avoidance actions, including preference claims, for unsecured creditors as well as a projected distribution of 26%.