Freeborn’s Bankruptcy and Financial Restructuring Practice Group and Shelly A. DeRousse Highly Ranked by Chambers USA for Bankruptcy/Restructuring in Illinois

CHICAGO - Chambers USA has recognized Freeborn & Peters LLP’s bankruptcy and financial restructuring practice group and practice leader Shelly A. DeRousse in the Illinois rankings for bankruptcy/restructuring in its 2022 legal industry guide.

“We congratulate the bankruptcy group on this coveted recognition and its continued commitment to excellence in client service,” Freeborn Co-Managing Partner William E. Russell said. “We also commend Shelly on once again being recognized for her deep knowledge of the nuances of bankruptcy law.”

Headed by DeRousse, Freeborn’s bankruptcy and financial restructuring practice group advises clients affected by financial distress. The group provides creditor clients with a cross-functional team of bankruptcy, tax, restructuring, finance and litigation specialists who have extensive experience on creditors’ rights issues and provides lender clients with the most cost-effective and practical workout solutions while zealously pursuing their fundamental business goal of achieving complete and timely repayment of loans or recovery of other assets.

“The depth and breadth of their team is very strong. They were clearly experienced and knew what they were doing. I was grateful for their representation,” according to a client statement in the Chambers USA guide. “They were much quicker and more thorough than the opposing counsel.”

DeRousse has extensive experience in the areas of bankruptcy, reorganization, litigation and asset sales. As lead counsel, she has represented official creditors’ committees throughout the country in Chapter 11 bankruptcy cases. Additionally, she represents companies and high-earning individuals in their restructurings or workout negotiations with their lenders and other creditors. DeRousse also is a leading attorney for lenders in bankruptcy cases, out-of-court workouts of borrowers’ loans, and assignments for the benefit of creditors, using creative solutions to maximize recovery from collateral and other assets.    

“Shelly was very responsive and excellent to work with. She quickly read the judge. She was able to modify her action plan to achieve the best outcomes for us while in court," a client told Chambers USA. “Her strategies were on point. She was able to easily pivot when we were thrown many curves by the opposition.” 

Chambers and Partners ranks leading U.S. firms and attorneys based on in-depth research and interviews with attorneys’ clients and peers. Chambers assesses attorneys on attributes most valued by clients, including technical legal ability, professional conduct, client service, commercial astuteness, diligence, and commitment. The Chambers USA guide is widely read by industry-leading companies and organizations nationwide. For more information, visit

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