Polsinelli’s multidisciplinary Restructuring & Strategic Capital practice counsels clients across all aspects of complex financial and capital structure challenges, bringing a practical, solutions-based approach and commercial perspective to each engagement. Drawing on Polsinelli’s full-service, national platform, we help clients navigate changing market conditions, respond to distress and address capital needs and opportunities.

In collaboration with our nationally recognized Corporate, Finance, Health Care and Real Estate practices, our attorneys advise companies, sponsors, boards, independent directors, lenders, creditor groups and other stakeholders on matters across the capital structure — from liability management transactions, workouts, opportunistic investments and distressed mergers and acquisitions to out-of-court restructurings and Chapter 11 cases.  

We deliver tailored solutions to restructure balance sheets, manage liability and minimize exposure, whether that means extending runway, addressing upcoming maturities, enhancing liquidity, preserving enterprise value or strategically deploying capital into dislocated opportunities.

Our capabilities include:

• Special Situations & Liability Management: Advising companies, sponsors, financial institutions, private credit and investment funds, alternative asset managers, family offices and other investors on capital structures and liquidity profiles, identifying actionable solutions and implementing bespoke transactions to achieve their goals. Our work includes liability management, new-money investments, restructuring existing positions through recapitalizations, exchange offers, amend-and-extends, acquiring debt and distressed assets and other creative capital structure solutions.
• Chapter 11: Representing debtors, boards, independent directors, secured and unsecured lenders, asset acquirers and creditor groups in complex and noteworthy bankruptcy cases across the country. Our experience includes Chapter 11 reorganizations, cross-border insolvency and chapter 15 cases, section 363 sales, asset purchases, intercreditor disputes, and debtor-in-possession and exit financing.
• Distressed Health Care: Partnering closely with our market-leading Health Care practice to advise across distressed health care situations, including restructuring strategies and supporting buyers in acquiring distressed health care assets or companies to preserve value and operations. Our experience spans the health care industry, including senior housing, rural and safety-net hospitals, health care services, life sciences and technology.
• Bankruptcy & Distressed Litigation: Advising on all aspects of bankruptcy litigation, including avoidance actions, confirmation and valuation trials, internal and special committee investigations, independent director claims, breaches of fiduciary duties, fraud and misrepresentation and corporate veil-piercing. Whether defending our clients or prosecuting claims on their behalf, our team litigates matters through all stages of adversary proceedings, federal and state court actions, foreign proceedings and related appeals and mediations.
• Non-Bankruptcy Workouts & Insolvency Alternatives: Representing clients in non-bankruptcy workouts and proceedings, including assignments for the benefit of creditors, UCC foreclosures and state court receiverships. These alternatives provide clients with greater flexibility, cost savings and efficiency than a traditional bankruptcy process.
• Distressed Debt Trading and Claims Trading: Counseling broker-dealers, investment funds, financial institutions and CLOs on U.S., European and emerging-market debt and bankruptcy claims trading matters.