Bankruptcy/Restructuring
USA Guide 2024 : Illinois
Band 4
Email address
[email protected]Contact number
+1 312 902 5200About
Provided by Katten
Our Insolvency and Restructuring team offers practical, innovative solutions to complex business and legal issues that arise in the restructuring process, with a focus on resolving clients' economic objectives. We provide proactive, front-end counseling to clients in structuring commercial transactions to identify and minimize risks related to insolvency and bankruptcy. Financial institutions seek our assistance in restructuring large syndicated loans as well as "club" and middle-market loans. Our lender clients rely on us for thoughtful advice and prompt, market-tested structures and documentation in debtor-in-possession, exit and other bankruptcy-related financings. We are one of the leading firms to represent indenture trustees in connection with credit default administration and related litigation.
Our team has significant experience representing financially strained enterprises, including as Chapter 11 debtors, in various fields such as energy, technology, consumer products, retail and data-collection, and related services. We also represent buyers and sellers of businesses and assets in distressed situations, including in the context of bankruptcy proceedings and through the use of various state law procedures. We frequently represent stalking-horse and other third-party bidders in bankruptcy sales. Our team works closely with the firm's corporate and transactional attorneys to provide the optimal mix of experience in any transaction.
Chambers Review
Noted for its representation of lenders, indenture trustees, debtors and other parties in connection with insolvencies and restructurings, while also providing advice on the sale of distressed assets. Strong experience in sectors such as renewable energy, real estate and healthcare.
Work Highlights
- Katten represented Twin Brook Capital Partners, as agent under a first lien credit facility, in the workout of FrontSteps and in the Chapter 11 case of its parent, CII Parent, in the Bankruptcy Court for the District of Delaware.
Strengths
Provided by Chambers
"In terms of bedside manner and service delivery, they are seamless."
"In terms of bedside manner and service delivery, they are seamless."
Notable Practitioners
Peter Siddiqui advises on distressed asset transactions. He has further experience representing both debtors and creditors in bankruptcy proceedings.
"He is very practical in his advice."
"Peter is an incredibly constructive lawyer. He builds consensus to get a matter completed."
Peter Knight routinely acts in out-of-court restructuring and bankruptcy proceedings. His clients include financial institutions.
"He is smart, diligent and a pleasure to work with."