A troubled company often reflexively perceives a bankruptcy filing as the prototype solution to its financial distress. Bankruptcy is an important and powerful tool to address insolvency—providing for an automatic stay, the sale of assets free and clear, confirmation of a plan over the objection...
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Ryan Murphy is a shareholder at Fredrikson & Byron, P.A., and chair of its Bankruptcy, Restructuring & Workouts department. He represents companies and individuals in Chapter 11 bankruptcies and workouts and also represents receivers, assignees, and other parties in receiverships and assignments for the benefit of creditors. Murphy is a past president of the TMA Minnesota Chapter and past chair of the Minnesota State Bar Association, Bankruptcy Section. Murphy can be contacted at RMurphy@fredlaw.com.