The Big Apple Circus is a nonprofit organization providing shows for kids and their families. They reach out to children who need an escape from lives that may be difficult, and they perform out of the goodness of their hearts. They have done their work for quite a long time, but they are in the midst of a Chapter 11 bankruptcy filing, and the law firm Debevoise & Plimpton has taken the case pro bono. Partners at Debevoise include NY attorneys Kevin Rinker and Sean Hecker, among others. This article explains how pro bono cases work, how they firm will represent the circus and what their end goal is.
#1: Remaining In Operation Is Important
The circus wishes to reorganize their company and continue their operations. The circus wishes to keep up their shows as they reorganize their efforts, and they will use the representation of Debevoise & Plimpton as a springboard to getting back on the road to helping kids.
#2: How Does Representation In This Case Work?
Representation for the circus will involve the discharge of their debts, and they will negotiate a change in their debts based on their current financial position. Debevoise & Plimpton is capable of helping secure new funding, and they will work out a plan with creditors that sees the circus paying less money than is owed. Everyone wins in this case as the creditors and the circus get what they want.
#3: What Is The Purpose Of This Litigation?
The litigation in the bankruptcy case for the circus will aid in the reorganization of the company, and they will receive multiple opportunities to change their business. They are serving kids every day, but they must change their approach if they will continue. Debevoise & Plimpton is dedicated to the idea that the circus may go on regardless of how much debt they are in.
#4: The Circus Has A Mission
The court will hear of the mission of the circus, and they will be regaled with stories of what the circus is capable of. They have quite a few performers and office staff who are counting on their jobs, and they will appeal to the court for another chance to change their operations.
Debevoise & Plimpton has taken the Big Apple Circus bankruptcy pro bono as they understand the great cost of the work. The are giving a gift back to the circus that is to be used for the improvement of the circus company at-large.