Neal is a Partner in the Bankruptcy and Financial Restructuring Practice Group. He focuses his practice in the areas of business litigation, business reorganizations, workouts, debt restructuring, and business bankruptcy. His diverse insolvency and bankruptcy practice experience has involved the representation of secured and unsecured creditors, creditors' committees, debtors, trustees, liquidating trusts, lessors, and purchasers of stock or assets of insolvent entities. He has also served as both a liquidating trustee for a corporation with assets valued in excess of $100 million and, on several occasions, as an assignee for the benefit of creditors.

His business litigation experience has included the successful trial and arbitration of cases involving a broad spectrum of issues, including but not limited to the Uniform Commercial Code, “lender liability” law, fraudulent conveyance avoidance, preference avoidance, partnership disputes, state and federal securities law issues, business torts, and contract law. These trials have resulted in overwhelmingly favorable outcomes and a significant number of reported decisions from the United States District Court and United States Court of Appeals. Neal has significant, successful jury trial experience. In the appellate arena, he has argued cases to the United States Court of Appeals for the Sixth, Seventh, Eighth, and Ninth Circuits and a number of state appellate courts, including the Supreme Court of Arizona. Within the past twenty-four months alone, Neal has briefed and argued two successful appeals in the United States Court of Appeals for the Seventh Circuit.

In recent years, Neal has also represented a large, national insurance company (Allstate Insurance Company) in multiple highly disputed rate regulation cases. Working closely with expert actuaries and economists, he has tried two of these cases to administrative tribunals in the states of Alabama and California.

Neal’s practice is truly national. During his career, he has appeared in the federal and state courts, and regulatory agencies, of more than 40 states and the Territory of Puerto Rico. He currently is representing clients in pending cases or negotiations in Delaware, Nevada, and California, as well as Illinois.

Prior to joining Freeborn, Neal was a Partner at Much Shelist, P.C., Dewey & LeBoeuf LLP, and Orrick, Herrington & Sutcliffe.  

Neal has been consistently recognized as a leading practitioner in the bankruptcy/ restructuring field in Chambers USA - America's Leading Lawyers for Business, where “Neal Wolf …was described as an ‘effective strategist who acts with poise in the courtroom.’” He was consistently listed among 100 “Bay Area Superlawyers” (San Francisco Magazine) during the years in which he resided in Northern California. Each year, he is listed in “Illinois Superlawyers” (Chicago Magazine), and in The Best Lawyers in America (Woodward White).

Neal was inducted as a Fellow of the American College of Bankruptcy in 1997, at the time of induction of the College’s eighth class. He was only the fourteenth representative of the Seventh Circuit at the time of his induction.

Honors & Awards: 

Neal has been consistently recognized as a leading practitioner in the bankruptcy/ restructuring field in Chambers USA - America's Leading Lawyers for Business.

Illinois Super Lawyers - 2017 (cited in multiple years)

The Best Lawyers in America (cited in multiple years)


"Hiring a Great Lawyer as Your Legal Counsel," Corporate Counsel, January 2011
"The New Chapter 11 Means Test," Corporate Counsel, October 2009
"The Business of Bankruptcy," Corporate Counsel, September 2009
"Collateral Damage in the Wake of the GM Restructuring," Corporate Counsel, August 2009
"Take My Assets – Please!" Corporate Counsel, July 2009
"Coming Soon to a Bankruptcy Court Near, or Perhaps Not-So-Near to You," Corporate Counsel, June 2009
"Don't Look Back ...," Corporate Counsel, May 2009
"Creditor Wars in the New Millennium," Corporate Counsel, April 2009

Speaking Engagements: 

Frequent guest lecturer on bankruptcy law topics, Northwestern University Kellogg School of Management, the American Law Institute of the ABA, and the National Conference of Bankruptcy Judges
Panelist, Roundtable Discussion on U.S. Bankruptcy Issues, contained in Financier Worldwide Magazine, October 2010
Speaker, National Conference of Bankruptcy Judges, on the topic of sales of assets under Section 363 of the Bankruptcy Code, October 2003


J.D., University of Chicago Law School
A.B., Princeton University, magna cum laude

State Bar Admissions


Federal Bar Admissions

U.S. Supreme Court
U.S. Court of Appeals for the Sixth, Seventh, Eighth and Ninth Circuits
U.S. District Court for Northern District of Illinois; the Western District of Wisconsin; the Northern, Southern, Eastern and Central Districts of California; the District of Arizona; and the Western District of Texas