Bankruptcy, at its essential core, is a version of the legal principles governing collection and adjustment of debts in the context of insolvency. Often the most effective method for effecting creditor collection is a sale or other disposition of available debtor assets. This raises a spectrum of competing concerns and opportunities for the debtor's management, secured creditors, general creditors and potential investors. Pete Zemanian has successfully represented each of these constituent groups in a variety of sale contexts, including: ·

• On behalf of secured creditors, structured scheduled sell off of various investment properties located in Wachapreague and Chincoteague, Virginia based upon debtor's periodic failures to achieve promised loan paydown milestones. 
• Orchestrated shutdown and auction of assets of lumber company located in Suffolk, Virginia. 
• Represented out-of-state purchaser of assets of bankrupt technology company located in Newport News, Virginia, and successfully advocated bankruptcy court's acceptance of upset bid over that of insider-management group. 
• Compelled in-court auction of assets of local auto parts retailer, resulting in substantial return to unsecured creditor base well in excess of starting price that had been fixed at amount of secured pay off.