Chapter 11, Subchapter V, trustee and creditor representation, receivership, and out-of-court workouts — for businesses navigating the space where financial pressure meets legal exposure.
Patrick A. Foley began his legal career as lead counsel to the Chapter 7 Trustee in the national liquidation of a 70-plus-location franchise operation — a matter that required immediate command of operational wind-downs, lease negotiations, claims resolution, and the preservation of estate assets across multiple jurisdictions. That experience now anchors a practice built on navigating financial and legal complexity under pressure.
The firm represents small and mid-sized businesses in Chapter 11 reorganization, with particular attention to Subchapter V proceedings under the Small Business Reorganization Act. Subchapter V compressed the traditional Chapter 11 timeline and removed procedural obstacles that historically made full-scale Chapter 11 impractical for closely held companies — but it demands careful planning, cash flow projections that will hold up in court, and a credible reorganization narrative from day one. The firm advises debtors on strategy, prepares the filings, negotiates with creditors and the Subchapter V trustee, and carries the matter through plan confirmation.
Beyond debtor-side work, Patrick has represented Chapter 7 trustees in multi-state liquidations, creditor committees, and individual institutional creditors in adversary litigation, fraudulent transfer actions, and claims disputes. Representation often includes asset recovery across jurisdictions, preserving estate value through lease rejections and contract assumptions, and resolving priority disputes among competing creditors.
Not every financially distressed business needs to file. The firm structures private reorganizations, forbearance agreements, and debt workouts for businesses and high-net-worth individuals — often in coordination with secured lenders and strategic stakeholders. When matters escalate, the firm handles receivership work, including serving as receiver and acting as counsel to court-appointed receivers running or winding down a business.
When the numbers no longer work, the legal path matters more than the financial one. The question is rarely whether to file — it is which chapter, under which strategy, at which moment.
The firm handles new matters on a consultative basis. Call the office, or reach us through the contact form on our main page.