Personal Attention With Results

Cincinnati, OH


Business Insolvency, Workouts and Ch. 11 Reorganizations

Attorney John A. Schuh really enjoys the practice of consulting with businesses under financial distress. It is not always necessary to file a bankruptcy case to facilitate business reorganization. Attorney John Schuh can come up with creative ways to avoid it using liquidation analysis, friendly foreclosures, and a common sense approach. For example, in an out-of-bankruptcy workout situation, he can approach your creditors and can demonstrate to them with a full disclosure of your situation that they would receive a certain sum in a bankruptcy proceeding but that you are willing to pay something more than that in order to avoid the internal turmoil associated with the bankruptcy process.

Attorney Schuh brings something to the table that not many others can – credibility. When Attorney John A. Schuh delivers the message, the legal community knows that it’s the straight scoop.

His reputation is his greatest asset! 

If you’d like to discuss a 203 North LaSalle valuation, the status of the new-value exception to the absolute priority rule in the 6th Circuit, or the finer points of any Ch. 11 Individual or Small Business Reorganization, call John A. Schuh. 

John had a fun and very challenging Ch. 11 case for Northern Kentucky Professional Baseball, LLC (The Florence Freedom), a minor league baseball team playing in the Independent Frontier League. In less than 120 days, John was able to effectuate a sec. 363 sale of the team’s assets and confirm a liquidating plan under Ch. 11 that enabled the team to play minor league baseball in the 2005 season. There were multiple newspaper articles written about the case.

The market melt-downs and credit crisis permeating the country’s financial systems have placed John’s services in great demand by banks and financial institutions dealing with troubled loans as well as by bank customers who are being faced with banks and financial institutions unexpectedly reducing lines of credit or declaring loans in default by reference to breach of loan covenants in some cases where the business bank customer has never missed a payment.

Attorney John A. Schuh can be tough and litigious if you want him to be but he believes that a more reasoned approach to work-outs starts with a view that when a business loan is in default, the business bank customer and the bank are not enemies, but rather are partners, both with a real and vested interest in seeing the debtor through distressed times.

On 10/17/2005 Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. This code revision made some very dramatic changes in bankruptcy law including a definition for a “debt relief agency” and a legal requirement that, if you are an "assisted person" within the meaning of the bankruptcy, we are required to make this disclosure:

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.