Financial Restructurings and Workouts

Whether representing borrowers, creditors, investors or acquirers, financial distress situations can often be resolved more favorably outside of bankruptcy.  We have a depth of experience representing financially distressed entities and their creditors, as well as opportunistic acquirers and investors, in financial workouts, restructurings, and acquisitions or dispositions of distressed assets. 

Recent out-of-court restructuring experiences include:

  • Represented the principals of a large Midwestern homebuilder and defended litigation claims brought by eight different banks.  Our efforts resulted in the extinguishment of more than $25 million of guaranty claims brought against the principals.
  • Represented a home developer in connection with the negotiation and closing of a deed-in-lieu of foreclosure transaction involving approximately 100 homes sites located in Wisconsin.
  • Represented a Chicago-area luxury homebuilder in the restructuring of existing secured debt obligations and a substantial infusion of capital by new investors.

These workout strategies, while often employed outside of bankruptcy, may also continue as viable options once a bankruptcy is filed.  We have the experience to manage this migration into the bankruptcy court when necessary.