When Craig G. Margulies and Jeremy W. Faith left established firms to found Margulies Faith LLP in October 2012, the timing was deliberate: both had spent careers inside large, nationally recognized bankruptcy practices and wanted to deliver that depth of experience without the overhead structure that drives up client costs. The result is a firm built around a single premise: sophisticated insolvency work at rates that reflect the boutique scale of the operation rather than the billing structures of major firms. The practice operates from two offices, with its primary Los Angeles presence in Encino and a separate Central Coast office in San Luis Obispo.
Practice Areas
Chapter 7 Bankruptcy
Chapter 7 liquidation bankruptcy provides both individuals and businesses a path to discharge unsecured debts by liquidating non-exempt assets. The firm represents debtors seeking relief, evaluating whether Chapter 7 is the appropriate vehicle given income, asset profile, and the type of debts involved. The firm also represents creditors in Chapter 7 cases, protecting their claims through the liquidation process.
Chapter 11 Bankruptcy
Chapter 11 is the reorganization chapter used by businesses that wish to restructure obligations while continuing operations, and by individuals whose debt load exceeds the Chapter 13 limits. The firm has handled complex Chapter 11 matters on both the debtor and creditor sides. Craig Margulies’ background in complex business bankruptcy is a defining feature of the firm’s Chapter 11 practice.
Creditor Representation
Not all insolvency work involves debtors. Margulies Faith regularly represents secured and unsecured creditors who hold claims against debtors in bankruptcy. Protecting those claims requires monitoring the case, filing proofs of claim, objecting to discharge or confirmation where warranted, and pursuing adversary proceedings when necessary.
Official Creditors’ Committee Representation
In larger Chapter 11 cases, the U.S. Trustee’s Office appoints an official committee of unsecured creditors to represent the collective interests of that creditor class. The firm is experienced in committee representation, an area that demands broad case oversight and active participation in plan negotiations.
Bankruptcy Trustee Representation
The firm also represents trustees appointed by the U.S. Trustee’s Office, including Chapter 7 panel trustees responsible for liquidating and distributing estate assets. Trustee representation requires both knowledge of bankruptcy procedure and an understanding of the litigation tools available to maximize estate recovery.
Adversary Proceedings and Business Litigation
Bankruptcy cases frequently spawn litigation within the court’s jurisdiction, including preference actions, fraudulent transfer claims, and dischargeability disputes. The firm handles these adversary proceedings as well as related business litigation matters outside of formal bankruptcy filings.
Out-of-Court Restructurings and Workouts
Not every distressed situation requires a bankruptcy filing. The firm counsels businesses and individuals on non-bankruptcy alternatives, including negotiated debt workouts, loan modifications, and assignment for the benefit of creditors, where appropriate and achievable.
Insolvency Counseling
Early engagement before a crisis becomes unavoidable is often where the most options remain available. The firm advises clients experiencing liquidity stress, helping them understand what debt relief options exist and what the implications of each path are.
Attorney Profiles
Craig G. Margulies is a Founding Partner who built his background at nationally recognized firms and a specialized bankruptcy boutique before launching Margulies Faith. His practice centers on complex business bankruptcy matters. He has been recognized as a Southern California Super Lawyer every year from 2009 to the present. Specific bar admission and educational credentials are not publicly detailed on the firm’s website.
Jeremy W. Faith is a Founding Partner who brings more than 20 years of experience in insolvency and business litigation. Prior to co-founding Margulies Faith, he was a partner at Robinson, Diamant & Wolkowitz. Specific educational credentials are not publicly detailed.
Meghann Ahern Triplett is a Partner who leads the firm’s San Luis Obispo office, serving the Central Coast market. She holds a B.A. in Political Science from the University of Southern California (2004) and a J.D. from Chapman University School of Law (2009). Before joining Margulies Faith, she served as a law clerk to two U.S. Bankruptcy Judges: Catherine E. Bauer and Kathleen Thompson. She is a member of the American Bankruptcy Institute and the International Women’s Insolvency and Restructuring Confederation (IWIRC). Super Lawyers named her a Rising Star in 2018, 2019, and 2020. She also serves as a pro bono consultant for the Cal Poly Low Income Taxpayer Clinic, addressing tax-related issues that arise in bankruptcy cases.
Samuel Mushegh Boyamian is an attorney whose practice focuses on bankruptcy matters.
Anna Landa is an attorney whose practice focuses on creditor-debtor rights.
Locations and Service Area
Los Angeles / Encino Office:
16030 Ventura Blvd, Suite 470, Encino, CA 91436
Phone: (818) 705-2777
Central Coast / San Luis Obispo Office:
412 Marsh Street, San Luis Obispo, CA 93401
Phone: (805) 706-8135
Website: https://marguliesfaithlaw.com/
The firm serves clients throughout Los Angeles County and the Central Coast, and handles California statewide bankruptcy matters. The San Luis Obispo office expands the firm’s geographic reach to serve clients in the greater San Luis Obispo region who need insolvency counsel without traveling to Los Angeles.
Client Approach
The firm’s stated positioning is “big firm experience at small firm rates.” Both founding partners trained at large, nationally recognized practices before starting Margulies Faith in 2012. That background informs how the firm approaches complex cases while keeping cost structures aligned with what a boutique firm can offer. The firm describes its approach as cost-effective and forward-thinking, with an emphasis on understanding the full insolvency picture before recommending a path.
Frequently Asked Questions
What is the difference between the firm representing a debtor versus a creditor in bankruptcy?
Debtor representation involves guiding the client through the bankruptcy process to achieve the maximum permissible discharge of debts or the best achievable reorganization plan. Creditor representation involves protecting the client’s claims against a debtor, which may include filing proofs of claim, objecting to discharges, and pursuing litigation to recover what is owed.
Does the firm handle individual bankruptcies, or only business cases?
Both. Chapter 7 and Chapter 11 are available to individuals as well as businesses. The firm evaluates each client’s situation to determine which chapter, or whether a non-bankruptcy alternative, is the appropriate approach.
What does Meghann Triplett’s clerkship background mean for how bankruptcy cases are handled?
Serving as a law clerk to two U.S. Bankruptcy Judges provides direct insight into how those courts evaluate filings, motions, and arguments. That perspective informs how cases are positioned and presented within the court system.
What is an official creditors’ committee and why does representation matter?
In large Chapter 11 cases, the U.S. Trustee appoints a committee of unsecured creditors to serve as a watchdog for the broader creditor class. The committee has standing to investigate the debtor, object to the plan, and negotiate on behalf of unsecured creditors. Representation by experienced bankruptcy counsel materially affects outcomes for that creditor class.
Can Margulies Faith help a business that is struggling financially but has not yet decided to file for bankruptcy?
Yes. Insolvency counseling and out-of-court workout services address situations before a formal filing. Early consultation often identifies options that are no longer available once a crisis is fully developed.