Polsinelli's Bankruptcy & Financial Restructuring Group is a nationally recognized practice that is part of an AmLaw 100 law firm with over 850 lawyers, 22 offices, and a national footprint with attorneys from Delaware and New York, across the heartland, to Los Angeles that provides cost-efficient legal services to its clients via a mid-market rate structure and a collaborative culture. The attorneys primarily focus on representing chapter 11 debtors, distressed borrowers, and buyers and sellers of distressed assets. They also represents official committees, trustees, individual creditors such as debt holders, vendors, and landlords, and bankruptcy litigants across the country. The Bankruptcy Group also specializes in non-bankruptcy alternatives, including assignments for the benefit of creditors, out-of-court workouts, receiverships, and state court liquidations. In collaboration with Polsinelli's top-ranked health care practice, The Bankruptcy Group provides a special focus on distressed health care.  Polsinelli is widely recognized for The Devil’s Dictionary of Bankruptcy Terms, which is available for free on iTunes, and the Polsinelli/BK Troller Distressed Indices. The practice has received both state-wide ranking for Bankruptcy & Financial Restructuring from Chambers USA, as well as rankings for several individual attorneys in the practice (Chambers USA, 2019).

Our industry-specific experience includes: 
  • Telecommunications 
  • Retail 
  • Health Care 
  • Insurance 
  • Real Estate 
  • Trucking and Transportation 
  • Hospitality 
  • Manufacturing
  • Energy 

We have represented various types of clients in all aspects of bankruptcy, insolvency, out-of-court workouts, and litigation matters, including:
  • Debtors and debtors-in-possession 
  • Official and Ad Hoc Creditors’ Committees 
  • Chapter 7 and 11 Trustees 
  • Litigation and Liquidating Trustees 
  • Secured and DIP Lenders 
  • Indenture Trustees, Noteholders, and Bondholders 
  • Asset Purchasers 
  • Landlords and Trade Creditors 
  • Examiners 
  • Plaintiffs and Defendants in Adversary Proceedings
  • Chapter 9 Municipality Adjustments
Recognitions 
  • 10th Annual M&A Atlas Awards, Retail Services Restructuring of the Year (above $500M), Payless ShoeSource Restructuring
  • 10th Annual M&A Atlas Awards, Turnaround of the Year ($50M-$100M), California Proton Treatment Center Chapter 11 Restructuring and Recapitalization
  • Lead counsel to Senior Care Centers and its 120 affiliates in their chapter 11 bankruptcy cases. 
  • Lead counsel to Orchids Paper Products Company and its affiliates in their Chapter 11 bankruptcy cases.
  • Delaware bankruptcy counsel to SportCo Holdings, Ellett Brothers, United Sporting Companies, and their affiliates in their chapter 11 bankruptcy cases.
  • Lead counsel to the Creditors’ Committee in the chapter 11 case of L.K. Bennett U.S.A., Inc.
  • Lead counsel to the Creditors’ Committee in the chapter 11 cases of Cherry Bros. LLC d/b/a Cherrydale Farms.
  • Lead counsel to EBH Topco, LLC, Elements Behavioral Health, Inc. and their affiliates in their chapter 11 bankruptcy cases.
  • Lead counsel to specialty hospital and physician group in their out of court liquidation in El Paso, TX.
  • Lead counsel to ActiveCare, Inc. and its affiliate in their chapter 11 bankruptcy cases.
  • Lead counsel to Jet Midwest Group, LLC in its chapter 11 bankruptcy case.
  • Lead counsel to Ensequence, Inc. in its chapter 11 bankruptcy case.
  • Lead counsel to Landlord and Licensor to Hoag Urgent Care-Tustin, Inc., et al in debtors’ jointly administered chapter 11 bankruptcy cases.
  • Lead counsel to PhaseRx, Inc. in its chapter 11 bankruptcy case.
  • Lead counsel to The Original Soupman, Inc. in its chapter 11 bankruptcy case.
  • Lead counsel to the Official Committee of Unsecured Creditors of Don Rose Oil Co., Inc.
  • St. Louis bankruptcy counsel and conflicts counsel to Creditors’ Committee in the first and second Chapter 11 bankruptcy case of Payless ShoeSource, LLC.
  • Delaware bankruptcy counsel to CIBER, Inc. in its chapter 11 bankruptcy case.
  • Lead bankruptcy and litigation counsel to JMO Wind Down, Inc. (f/k/a Jumio, Inc.) Liquidating Trust
  • Co-Counsel to California Proton Therapy Center in its chapter 11 bankruptcy case.
  • Delaware bankruptcy counsel and conflicts counsel to Creditors’ Committee in chapter 11 bankruptcy case of Golfsmith International Holdings, Inc.
  • Delaware bankruptcy counsel and conflicts counsel to Creditors' Committee of Energy Futures Holdings Corp., et al., the seventh largest Chapter 11 bankruptcy case ever filed.
  • Lead debtor's counsel in Chapter 11 bankruptcy case of Total Hockey, Inc., et al.
  • Delaware bankruptcy counsel and conflicts counsel to Creditors’ Committee in chapter 11 bankruptcy case Vestis Retail Group, LLC (owner of EMS (Eastern Mountain Sports), Bob’s Stores, and Sport Chalet retail chains).
  • Lead debtor's counsel to Lake Lotawana Community Improvement District in Chapter 9 bankruptcy case.
  • Special Counsel to Chapter 7 Trustee of New Source Energy Partners, L.P.
  • Lead counsel to Creditors’ Committee in chapter 11 bankruptcy case of Osage Exploration and Development, Inc.
  • Co-counsel to Creditors’ Committee in Santa Fe Gold in its Chapter 11 bankruptcy case.
  • Co-counsel to Wire Holdings Company/New York Wire in its Chapter 11 bankruptcy case.
  • Delaware bankruptcy counsel and conflicts counsel to Affirmative Insurance Holdings Company in its Chapter 11 bankruptcy case.
  • Lead counsel to Wilmington Trust, as indenture trustee, in Chapter 11 bankruptcy case of Overseas Shipholding Group.
  • Delaware bankruptcy counsel and conflicts counsel to the Creditors' Committee in The Standard Register Company Chapter 11 bankruptcy case. 
  • Lead counsel to Chapter 11 debtor, Airborne Media Group, a digital media provider.
  • Lead counsel to Chapter 11 debtors Marinas International Consolidated, LP.
  • Co-Counsel to Official Committee of Student Creditors of Corinthian College, a for profit educational institution, in its Chapter 11 bankruptcy case.
  • Special litigation counsel to Indianapolis Downs, LLC in their Chapter 11 cases.
  • Delaware bankruptcy counsel and conflicts counsel to Creditors' Committee of publicly-traded Allied Nevada Gold Corp.
  • Delaware bankruptcy counsel to Creditors' Committee in Chapter 11, and lead counsel to Chapter 7 Trustee, in bankruptcy case of Simplexity, LLC.
  • Delaware bankruptcy counsel to Wilmington Trust, as indenture trustee, in Chapter 11 bankruptcy case of Radio Shack. 
  • Delaware bankruptcy counsel and conflicts counsel to commercial airline Chapter 11 debtors Global Aviation Holdings Inc.
  • Lead plaintiffs counsel of a class action consisting of more than 44,000 members in Residential Capital, LLC’s Chapter 11 bankruptcy proceeding, including representation of lead plaintiff on the official committee of unsecured creditors of Rescap.
  • Lead counsel to Creditors' Committee in Chapter 11 and special litigation counsel to Chapter 7 trustee and rural wireless provider Open Range Communications, Inc.
  • Lead counsel to Creditors' Committee of Revel Casino.
  • Lead counsel to Chapter 11 debtors and online clothing retailer Signature Styles, LLC.
  • Lead counsel to Creditors' Committee and Plan Administrator of rural telecommunications provider Crossroads Wireless in its Chapter 11 bankruptcy case.
  • Lead counsel to Creditors' Committee and Plan Administrator for destination vacation club Ultimate Escapes in its Chapter 11 case.
  • Conflicts counsel and Delaware bankruptcy counsel to Chapter 11 debtors and national bus line Coach America.
  • Lead counsel to Chapter 11 debtor Blue Springs Ford.
  • Counsel to Creditors' Committee and Plan Administrator for food producer Interstate Bakers in its initial Chapter 11 case.
  • Conflicts counsel and Delaware bankruptcy counsel to prefabricated home manufacturer Palm Harbor Homes in its Chapter 11 case.
  • Special litigation counsel to Chapter 7 trustee Doveview, LLC in its Chapter 7 case.
  • Delaware bankruptcy counsel to petitioning creditors in involuntary Chapter 11 case; Creditors' Committee in Chapter 11 case; Liquidating Trustee post-confirmation for automobile company Saab Cars of North America.
  • Counsel to German Insolvency Administrator in filing Chapter 15 bankruptcy in St. Louis, Missouri, seeking recognition of the German insolvency proceeding, to safeguard the assets and allow the German Insolvency Administrator to sell the German business as a going concern.
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