In May 2014, in representing the creditors, Lee & Ko’s Insolvency and Restructuring Practice Group filed for bankruptcy against Company D, a developer of Duggi District, Goyang City’s redevelopment business, and successfully obtained a bankruptcy judgment in August 2014. Company D was trying to avoid its debt by disagreeing on collection of the debt plan led by a PF loan financial institution, when Company D’s financial status worsened and it was delinquent on national and local taxes worth tens of billions of Korean Won. Lee & Ko quickly achieved a bankruptcy judgment against Company D by proving that the company already exceeded its debt, meeting the bankruptcy elements. The PF loan financial institution was able to collect the debt through a public auction under the collateral trust agreement without being affected by the bankruptcy procedure.