KPKB Rescues Piper Aircraft

KPKB Rescues Piper Aircraft

MIAMI - Lawyers from KPKB helped pull venerable Piper Aircraft Corporation out of a tailspin, working to reorganize it into a profitable new company while satisfying in full the claims of creditors.

Selected from top law firms by the creditors' committee, KPKB attorneys worked closely with creditors and Piper management for four years to resolve the company's financial and operational problems.

Following a 35 percent distribution to unsecured creditors, KPKB was appointed as Liquidating Trustee to the reorganized Piper. The firm's innovative efforts ultimately won creditors 100 percent of their claims in cash.

Today New Piper thrives due in large part to KPKB's creative and pragmatic legal and business strategies that insulated New Piper from tort claims that would have likely grounded it.