Financial distress presents difficult decisions for businesses, lenders, fiduciaries, and individuals. Whether the goal is restructuring debt, preserving assets, maximizing recoveries, or obtaining a fresh start, Egan, Flanagan and Cohen provides practical, strategic guidance through every stage of the bankruptcy and insolvency process.
Egan, Flanagan and Cohen’s bankruptcy practice is led by Jonathan Goldsmith who has decades of experience representing debtors, creditors, secured lenders, receivers, and other stakeholders in both business and consumer bankruptcy matters. Jonathan is Board Certified in Consumer Bankruptcy Law by the American Board of Certification and has served since 2005 as a Chapter 7 Bankruptcy Trustee appointed by the United States Trustee.
We understand that bankruptcy proceedings often involve far more than financial issues alone. They can affect business operations, real estate holdings, contractual rights, employment relationships, and litigation. Our attorneys work closely with clients to evaluate all available options and develop solutions tailored to their unique circumstances and objectives.
Assignment for the Benefit of Creditors
An Assignment for the Benefit of Creditors can provide an efficient alternative to formal bankruptcy proceedings. We advise assignors, assignees, creditors, and purchasers regarding the liquidation and orderly disposition of assets while maximizing value and minimizing disruption.
Chapter 11
We represent businesses, owners, creditors, and interested parties in Chapter 11 reorganizations. Our attorneys assist clients in restructuring debt, negotiating with creditors, preserving operations, protecting assets, and developing plans that position businesses for long-term success.
Chapter 13
For individuals facing financial hardship, Chapter 13 may provide an opportunity to reorganize debt while retaining important assets. We guide clients through the process from initial evaluation through plan confirmation and completion.
Chapter 7
We represent both debtors and creditors in Chapter 7 proceedings. Whether pursuing a fresh financial start or protecting creditor rights, we provide clear guidance and effective advocacy throughout the bankruptcy process.
Creditor Representation
Creditors often face significant challenges when a customer, borrower, or business partner becomes insolvent. We represent secured and unsecured creditors in bankruptcy courts and state courts, helping clients protect their interests, enforce rights, maximize recoveries, and navigate complex insolvency proceedings.
Financial Consultation
Bankruptcy is not always the best solution. We work with businesses and individuals to evaluate financial challenges, assess risks, and identify restructuring, workout, or litigation strategies that may provide alternatives to formal insolvency proceedings.
Receiver
Receiverships can be an effective tool for preserving and recovering value in distressed situations. We serve as counsel to receivers and represent parties involved in receivership proceedings, helping to protect assets and facilitate efficient administration.
Secured Party Representation
Secured creditors require experienced counsel to protect collateral and enforce their rights. We represent lenders and other secured parties in bankruptcy, receivership, foreclosure, and workout matters, ensuring that their interests remain protected throughout the process.
Trustee
Our attorneys have substantial experience serving fiduciary roles in bankruptcy matters. We understand the responsibilities trustees face and provide practical guidance in asset administration, claims analysis, litigation, and recovery efforts.
Counsel to Trustee
We regularly serve as counsel to bankruptcy trustees, assisting with asset investigations, avoidance actions, property sales, claims administration, contested matters, and adversary proceedings. Our experience enables us to efficiently support trustees in carrying out their statutory duties and maximizing value for bankruptcy estates.
Why EFC?
Bankruptcy matters demand more than technical knowledge. They require sound judgment, strategic thinking, and experienced advocacy. Egan, Flanagan and Cohen provides clients with practical solutions, responsive counsel, and a deep understanding of the legal and business issues that arise when financial challenges threaten future success.
