Douglas L. Furth
Partner
Mr. Furth is an experienced bankruptcy lawyer who has successfully represented institutional lenders including indenture trustees, chapter 11 trustees, chapter 11 debtors, and statutory committees in the work-out, bankruptcy or restructuring of billions of dollars of debt across a wide spectrum of industries including real estate, mortgage lending, hotels, health care, steel, publishing, textiles, paper, retail, automobiles, manufacturing, toys, distribution, oil and gas and fast food. Mr. Furth was a pioneer in the negotiation and implementation of prepackaged chapter 11 cases, having been involved in over 20 such transactions. Mr. Furth has represented the acquirers of a variety of significant assets from chapter 11 debtors, including the successful purchaser of a major New York City office tower, a well-known hotel franchise, airplane equipment and many retail locations. Mr. Furth is av rated by Martindale-Hubble.
Representative chapter 11 cases handled by Mr. Furth include:
- Represented Indenture Trustee in fraudulent transfer litigation in Lyondell Chemical Company.
- Represented Certificate Holder in litigation with other Certificate holders of Extended Stay, Inc.
- Represented Indenture Trustee in Charter Communications, Inc.
- Represented Indenture Trustee in Sem Crude, L.P.
- Represented the chapter 11 trustee for Copperfield Investments, LLC, the owner of approximately 500 non-performing residential mortgages.
- Represented the stalking bidder and partially owned subsidiary of chapter 11 debtor Refco, Inc. to repurchase Refco's minority interest in the subsidiary.
- Represented chapter 11 debtor Whitehead Mann, Inc., the United States subsidiary of one of world's largest executive search firms.
- Represented the indenture trustee in a number of cases, including Dan River, Inc., a domestic textile manufacturer, General Media, Inc., a magazine publisher, and Wilcox & Gibbs, a manufacturer of sewing machines.
- Represented largest bondholder of Weirton Steel.
- Represented chapter 11 debtor Farmland Industries as financial advisor to the debtor responsible for sale of major business unit.
- Represented the successful plan proponent and partially owned subsidiary of chapter 11 debtor Marvel Entertainment, Inc. in epic battle for control of Marvel Entertainment.
- Represented the chapter 11 debtor in 401 East 89th Street Owners, Inc., the largest New York City cooperative corporation ever to successfully emerge from chapter 11.
- Represented secured lender in many hotly contested real estate chapter 11 cases representing billions of dollars of secured debt.
- Represented bondholder's committee and successful plan proponent in chapter 11 case for Olympia & York, one of New York's largest real estate developers.
- Represented limited partners committee in chapter 11 case of Alert Centre, Inc., in which limited partners emerged as holders of equity of reorganized rolled-up company.
- Represented the creditor's committee as special litigation counsel in the Ames Department Stores chapter 11 case.
- Represented the debtor in the chapter 11 case for Apparel Affiliates, Inc., a 107-unit retail chain that successfully emerged from chapter 11.
- Represented the senior secured creditor in the chapter 11 case for Coleco, a leading toy manufacturer.
- Represented the debtor in the chapter 11 case of Texaco, Inc.