skip to main content


Restructuring of Major Cultural Arts Organization

Stamford Center for the Arts

Successfully guided major not-for-profit cultural arts organization through bankruptcy protection and reorganization to become fiscally viable. Utilized experience with both corporate restructurings and not-for-profit entities to implement a multi-phase plan that resulted in: federal bankruptcy protection from creditors under Chapter 11; comprehensive reorganization plan that created new operating structure, diversified sustainable revenue streams and risk-averse programming; early emergence from bankruptcy with favorable settlement agreement; and a steady operating surplus.


Practice Areas

© Shipman & Goodwin LLP 2020. All Rights Reserved.