Mr. Recupero represents debtors, trustees, committees and financial institutions in... more
Mr. Recupero represents debtors, trustees, committees and financial institutions in connection with distressed businesses and problem business credits. He has worked on restructurings, both inside and out of bankruptcy, in the retail, manufacturing, technology and bio-technology, and real estate sectors. Mr. Recupero has practiced in bankruptcy courts in Delaware, New York, Texas, Maine, and Ne... view profile
At work and at home, I see my job as making sense out of chaos. To do so, one has to... more
At work and at home, I see my job as making sense out of chaos. To do so, one has to understand what is doable and fashion a solution that not only works on paper but in practice. Often, I find fiscal and family issues are intertwined. I find that I can help as I understand many family issues as I have a wife and four kids including red heads plus a dog and a cat. Plus my parents live nearby... view profile
If you own a business that owes money but needs time to repay it, you may require the services of a Chapter 11 bankruptcy attorney. When a company attempts to stay in business and files Chapter 11, the bankruptcy court supervises the company's reorganization of debts and contracts for repayment. This means the company can negotiate for later due dates, or pay the debts for less, with the creditors' and court's agreement. If there's simply not enough money to manage the debts even with extra time, then the Chapter 11 is converted to a Chapter 7 and the company ceases to exist. Other times, creditors take ownership of the company to try to salvage their losses. Chapter 11 attorneys can help you navigate the process and predict the legal consequences of filing under Chapter 11, whether you are a debtor or a creditor.