Started by Jack Zackin in the early 1990s, and continued and expanded significantly by Andrew Sherman and his team since the mid 2000s, the Firm’s health care bankruptcy niche started in New Jersey with the representation of Pascack Valley Hospital as a Chapter 11 debtor and the Official Committee of Unsecured Creditors of Bayonne Medical Center. The Firm was then selected as committee counsel in the New Jersey cases of Christ Hospital and Hudson Healthcare (Hoboken University Medical Center). Based upon the “germ” of an idea by Boris Mankovetskiy, the Firm expanded its reach out and pitched the case of Fairmont General Hospital in West Virginia. The Firm was selected to be counsel to the committee in the Fairmont cases and then developed a niche in representing creditors’ committees in hospital bankruptcy cases. The Firm has now represented the Official Committees of Unsecured Creditors in 20 hospital and other health care provider bankruptcies, and the Firm has more experience than most, if not all, law firms across the country in representing creditors’ committees in hospital bankruptcy cases.
While the Firm’s health care bankruptcy work may have started in New Jersey, its work in this area is national in scope. In addition to New Jersey and New York, where the Firm has offices, the Firm has worked on health care industry bankruptcy matters for both rural and urban providers in the following states – California, Delaware, Illinois, Louisiana, New Hampshire, North Carolina, Ohio, South Carolina, Tennessee, Texas, Washington, Washington D.C. and West Virginia. The Firm has also developed a strong reputation in the New York market through the company side representations by Jason Teele, and George Hirsch’s skill set in representing major creditor constituencies in both bankruptcy and litigation matters.
The Firm’s Creditors’ Rights and Bankruptcy Reorganization Practice Group has been continuously ranked by IFLR1000 United States: Guide to USA’s Leading Financial & Corporate Law Firms, which covers the United States on a state-by-state basis, since its inception. In addition, the Firm was selected “State Firm of the Year: New Jersey” 2020 by IFLR1000 United States.
The Sills Cummis & Gross Creditors’ Rights and Bankruptcy Reorganization Practice Group has broad experience in all aspects of bankruptcy, reorganization and creditors’ rights matters, including complex litigation cases. The Group represents debtors, official and unofficial committees, secured and unsecured creditors, trustees and other parties in interest in out-of-court restructurings and in Chapter 9 and 11 reorganization cases. The Group has also structured “pre-negotiated” plans of reorganization to expedite the Chapter 11 process.
The Group also has extensive experience representing creditors in Uniform Commercial Code lien enforcement issues in state and federal courts. In addition, Firm attorneys provide advice and counsel to distressed public and private companies, their boards of directors, bank groups, receivers and other fiduciaries with regard to proposed financings, corporate transactions and real estate acquisitions.