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Irving Tanning

The firm served as counsel to the creditors' committee in the case of Irving Tanning Company, which sells its treated and finished cow hides to manufacturers of leather products in the United States and worldwide. At the beginning of the case, the company's secured lender insisted on a liquidation, and opposed the debtor's request to use cash collateral. The committee uncovered a potential claim against the secured lender and otherwise sought to resist efforts to liquidate the company. Ultimately, an orderly process for selling or reorganizing the company was established that resulted in a confirmed plan of reorganization that spared it from outright liquidation.