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 the firm’s Bankruptcy, Restructuring & Workouts department. He represents companies in Chapter 11 bankruptcies and workouts, and receivers, assignees, and other parties in receiverships and assignments for the benefit of creditors (ABCs). Murphy recently served as president of the TMA Minnesota Chapter and chair of the Minnesota State Bar Association, Bankruptcy Section. He can be contacted at 612-492-7310 or RMurphy@fredlaw.com.
