The official committee of unsecured creditors of Swedish automaker Saab has retained Polsinelli as Delaware bankruptcy counsel. Christopher A. Ward, vice chair of the bankruptcy and financial restructuring practice, will advise Saab’s creditors as they move through the bankruptcy process.
“We’re very pleased that the Saab Creditors’ Committee has engaged our services,” said Ward, managing shareholder of the Wilmington, Delaware office. “It is rewarding to be involved in the bankruptcy of one of the world’s most respected automakers, and is a step forward for our growing national bankruptcy practice.”
The Bankruptcy and Financial Restructuring Law group at Polsinelli has a strong reputation and history of success in business loan workouts, Chapter 11 business reorganizations, out-of-court restructuring, including assignments for the benefit of creditors, bankruptcy and insurance company insolvencies. Attorneys in this area practice in Chicago, Denver, Kansas City, Los Angeles, Phoenix, St. Louis, New York, and Wilmington, Delaware.
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware in Wilmington is set to preside over the trial on March 23. Ward is happy to answer any media questions he can.