Bankruptcy & Creditors’ Rights

The attorneys in our Creditors’ Rights, Bankruptcy and Collections Group provide sophisticated and timely counsel on a wide range of issues confronting financially-troubled companies. We also represent lending institutions, secured and unsecured creditors, committees and other participants in the reorganization of economically distressed businesses inside and outside of bankruptcy proceedings.

We regularly appear before judges charged with resolving competing interests in commercial bankruptcy cases giving us insight into judicial trends and developments that allows us to best represent our clients when their issues are before such courts.

We are expert in the handling of financial restructurings and workouts that are increasingly prevalent in today’s economic environment. We also have significant expertise in loan documentation, foreclosures, and liquidations.

In the area of collections, our attorneys have extensive experience in multi-jurisdiction representation of banks, lending institutions and other businesses in pursuing claims based upon commercial and consumer accounts, secured transactions, loans and negotiable instruments, and defense of lender liability claims that may arise as a result of these lending relationships.

We also provide client operations and credit departments with proactive counsel designed to prevent losses and improve the in-house management of commercial litigation and recovery based upon cost effectiveness.

Finally, we regularly participate in mediations and informal settlement proceedings, resulting in recoveries favorable to clients.


Richard J. Parks —

News & Events

24 Pietragallo Lawyers Named in 2022 Pennsylvania and Florida Super Lawyers and Rising Stars
May 23, 2022
Pietragallo is pleased to announce that 24 lawyers have been named as 2022 Super Lawyers and Rising Stars, including partner Marc Raspanti who was recognized in the Top 100 in Pennsylvania and Philadelphia. Read More
Client Alert: The CARES Act and the Paycheck Protection Program
March 27, 2020
The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was signed into law today allocates $350 billion for a Paycheck Protection Program (“PPP”) meant to provide immediate relief to small businesses (less than 500 employees) and other eligible entities impacted by the COVID-19 pandemic. Read More
A Guide to Mergers of Nonprofit Entities
December 30, 2019
As published in the January/February 2020 issue of The Pennsylvania Lawyer Nonprofits generally consider mergers for a variety of reasons, such as to avoid financial duress, to obtain stronger operational resources or to expand the scope of services. Read More
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