Individual Services: Bankruptcy


CR&S provides a broad range of bankruptcy related services, providing representation to debtors, creditors and trustees in connection with cases under Chapters 7, 11, 12 and 13 of the United States Bankruptcy Code, state court insolvency proceedings, and out-of-court debtor/creditor workouts. We have extensive experience in all aspects of bankruptcy and insolvency law, ranging from individual bankruptcy filings to complex commercial reorganizations.

  • Reorganizations: CR&S has represented debtors, creditors, trustees and committees in connection with many chapter 11 reorganization cases. Recently, CR&S served as counsel to Citicorp, U.S.A., Inc., as the major secured lender of Geneva Steel Company.

  • Individual Bankruptcies: CR&S can assist individuals with financial difficulties in determining whether filing for bankruptcy protection is their best option and, if so, whether a Chapter 7, 11, 12 or 13 filing would best serve their needs.

  • Trustee Representation: CR&S often represents trustees which have been appointed to administer bankruptcy estates, both with respect to Chapter 7 liquidations and Chapter 11 reorganizations. Roger G. Segal has served as a Chapter 7 Trustee in the United States Bankruptcy Court for the District of Utah since 1975. From 1992 through April 1999, he served as the Chapter 11 trustee for the bankruptcy estate of Bonneville Pacific Corporation, one of the largest and most complex cases ever to be filed in Utah; in that proceeding the trustee recovered approximately $200,000,000 in litigation proceeds and paid creditors in full with interest. CR&S, led by Vernon L. Hopkinson, served as general counsel to the Trustee in the bankruptcy proceeding.

  • Out-of-Court Workouts: Often it is desirable for parties to find solutions to problem loans without filing bankruptcy. CR&S has represented both debtors and creditors in connection with numerous loan workouts and debt restructuring.

  • Acquisitions: CR&S can assist parties with negotiating, documenting and completing the acquisition of assets or businesses from bankruptcy estates or from insolvent sellers.

  • Mediation/Arbitration: Vernon L. Hopkinson serves as a mediator/arbitrator with respect to bankruptcy and insolvency matters and serves as a mediator appointed by the United States Bankruptcy Court for the District of Utah.

  • Representative Clients: Associates Commercial Corporation, Associates Housing Finance, Citicorp, U.S.A., Inc., Mercedes Benz Credit Corp., Textron Financial

    Attorneys practicing in this field:
    Roger G. Segal, Vernon L. Hopkinson, Julie A. Bryan, Daniel J. Torkelson

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