KBT&F's creditors' rights and bankruptcy group has one of the leading practices in the nation, representing major parties to the largest and most prominent bankruptcies and restructurings in the country. Our firm is a national leader in representing investors in securities of distressed companies. Such investors, principally hedge funds who see opportunity in troubled companies poised for a turnaround, typically acquire significant positions in an enterprise's capital structure and then seek, through legal strategies, to influence the direction of its reorganization. As the distressed investment business has grown dramatically over the past decade, so has our practice.

Our clients also include troubled companies themselves. We represent businesses in developing legal strategies for their financial rehabilitation, working closely with the client and its accountants and investment bankers to achieve an attractive resolution.

Bankruptcy proceedings are often hotly contested, as numerous creditor and stockholder constituencies battle over finite resources. And this is where we add value for our clients like few other law firms. Our ability to litigate effectively and efficiently in the bankruptcy court is well known, and that reputation serves our clients well even before the battle begins.

Our current and recent engagements include representation of creditors' committees, bank groups, other major creditors and owners, debtors, and prospective acquirers in the restructurings and Chapter 11 cases of, and litigation relating to, Adelphia, Enron, WorldCom, Refco, Parmalat, Asia Global Crossing, Covad Communications, FLAG Telecom, RCN, Fruit of the Loom, FoxMeyer, Hechinger, Loewen Group, NextWave Telecom and Sunbeam.