Bankruptcy & Debtor/Creditor Rights

Costell & Adelson has a team of outstanding and experienced bankruptcy, insolvency, workout and debtor/creditor rights attorneys. The Firm has significant experience in the representation of debtors, committees, creditors and trustees in bankruptcy. The Firm offers full service bankruptcy/workout representation guiding its clients not only through the complexities of Chapter 11 reorganization proceedings; but, also, through the critical and rocky shoals of Chapter 7 business, personal and consumer bankruptcy proceedings and Chapter 13 wage earner proceedings.  The Firm offers lenders, investors and borrowers a wide range of services relating to distressed and problem loans and credit problems, involving pre- and post-bankruptcy workouts and forbearance agreements; reviewing, analyzing and restructuring loan documents; and planning/evaluating available legal strategies and remedies involving creditor and debtor rights.

The Firm has represented institutional clients, non-profit organizations, entrepreneurs, corporations, small businesses, partnerships, large real estate developers, owners, investors, real investment estate trusts and lenders, and mid-sized companies involved in a variety of businesses, as well as individuals.

The dynamic market conditions facing the economy make bankruptcy/workout an expertise especially vital to clients. The Firm’s attorneys have extensive experience in all aspects of creditor and debtor representation and counsel clients as to the most cost-effective and expeditious strategies available to resolve their financial difficulties or the problems associated with borrowers or debtors. The Firm regularly advises clients on how to manage the complexity in restructuring matters to minimize cost and maximize value.

The Firm is also experienced in the full spectrum of areas of bankruptcy practice, such as pre-packaged bankruptcies, asset sales and purchases, distressed sales, debtor in possession or DIP and other post-petition financing, assumption and rejection of executory contracts and leases, fraudulent conveyances, preferences, and proposing and objecting to plans of reorganization. In addition, the Firm regularly assists clients in structuring transactions to minimize risk in the event of future insolvency proceedings.

The Firm also has a high degree of expertise in the enforcement of judgments, either outside or inside the context of bankruptcy proceedings, both domestically and internationally, as well as expertise in insurance insolvency proceedings and alternative insolvency proceedings such as assignments for the benefit of credits (ABC) proceedings.


Santa Monica
100 Wilshire Boulevard, Suite 700
Santa Monica, California 90401

West Valley
20969 Ventura Boulevard, Suite 210
Woodland Hills, California 91364

Tel: (310) 458 -5959
Fax: (310) 458 -7959