PDFPrintEmailAdd to Personalized Information Packet

Corporate Restructuring and Bankruptcy

In distressed situations, it is crucial that counsel be experienced, creative and pragmatic. It is imperative that counsel have the ability to structure and negotiate transactions as well as the litigation skills necessary to protect our clients’ rights. Our 45-attorney Corporate Restructuring and Bankruptcy Department has the resources necessary to tackle complex problems and deliver tangible results. Institutions, committees, corporations and individuals look to us to find practical solutions where others cannot. We have been actively involved in most of the major U.S. bankruptcy cases over the past 30 years, and our breadth of industry experience is second to none. We are knowledgeable in the automotive, financial services, gaming, telecommunications, real estate, banking, health care, manufacturing, retail, consumer products, mortgage finance, supermarket, food service, construction, air and sea transportation, utilities, and media and entertainment sectors, among others.

We work closely with the firm’s other departments, and our diverse practice area includes representation of creditors’ committees, equity committees, debtors, banks, bondholders, trade creditors, landlords, investors, debtor-in-possession lenders and acquirers as well as representation of investors in the purchase and sale of securities and assets of troubled companies. Among other areas, we have particular experience giving advice in connection with complex bankruptcy litigation and investigations, distressed investments, mergers and acquisitions, and mass tort and class action bankruptcies. We also have an active subgroup of attorneys focused on distressed and special situations lending, and another devoted to claims trading in distressed enterprises.

Principal Areas of Focus

  • Official Committees and Other Creditor Representations
  • Agent and Lender Representations
  • Bankruptcy Litigation and Investigation
  • Chapter 11 Debtor Representations
  • Claims Trading and Distressed Investment Advice
  • Distressed and Special Situations Lending
  • Distressed Mergers and Acquisitions
  • Mass Tort and Class Action Bankruptcy

Our ability to deliver successful outcomes is why we are regularly involved in the nation’s largest cases, including the Residential Capital, Energy Future Holdings, Puerto Rico Electric Power Authority, Caesars, American Airlines, General Motors, Chrysler, Capmark Financial, Enron, WorldCom, Calpine, Adelphia, General Maritime, Bally Total Fitness, Dana Corp., United Airlines, Owens Corning, ASARCO, Patriot Coal and Hostess Brands bankruptcies.

The department’s honors and accolades include the following:

  • Chambers USA 2016 ranked Kramer Levin among the leading law firms in New York and nationwide for Bankruptcy/Restructuring. Chambers Global 2016 ranked our practice in the top tier in New York.
  • Benchmark Litigation 2016 named Kramer Levin a leading litigation firm nationally in the area of Bankruptcy in 2015-2016.
  • The 2016 edition of U.S. News & World Report and Best Lawyers ranked Kramer Levin’s Corporate Restructuring and Bankruptcy practice in the top tier in New York as well as in the national and New York rankings in the Litigation-Bankruptcy category.
  • Law 360 selected Kramer Levin as a Top Practice Group of the Year for 2014, one of 10 firms chosen, based on the number, significance, size and complexity of deals. That year, we were named Corporate Restructuring Law Firm of the Year by Legal 500 US; New York Corporate Restructuring Law Firm of the Year by Acquisition International Magazine; Law Firm of the Year by M&A Advisor; and Creditors Restructuring Law Firm of the Year by Global M&A Network.
  • Turnarounds and Workouts named the NII Holdings Chapter 11 bankruptcy to a list of 10 “successful restructurings” in 2015. Kramer Levin represented the official committee of unsecured creditors in the case. M&A Advisor named the NII bankruptcy 2015 Restructuring Deal of the Year (Over $1 Billion), and M&A Network named it Turnaround of the Year in 2016.
  • M&A Advisor awarded Kramer Levin its 2014 Section 363 Sale of the Year (Over $1 Billion) for the firm’s work as counsel to the official committee of unsecured creditors in the restructuring of Residential Capital LLC; 2014 Energy Deal of the Year Award, as counsel to the official committee of unsecured creditors in the restructuring of AES Eastern Energy, LP; and 2015 Industrial Manufacturing/Distribution Deal of the Year for the firm’s representation of Genco Shipping & Trading Ltd. in its Chapter 11 proceedings.
  • Global M&A Network awarded Kramer Levin its 2014 Special Situation M&A Deal of the Year for its representation of the official committee of unsecured creditors in Residential Capital and 2016 Reorganization of the Year (Large Markets) for its work on the Patriot Coal Corp. Chapter 11 reorganization.

Members of our team regularly publish, teach and lecture widely on bankruptcy-related topics, including issues related to DIP financing, asset sales, mass tort bankruptcy, acquisition of troubled companies, creditor and shareholder rights, distressed investing and developments in claims trading. Many of our attorneys have clerked for prominent federal and bankruptcy judges. We continue to draw on the qualities that have fueled the success of the firm and our clients: a commitment to excellence and a dynamic spirit.

Debt Dialogue: July 2016

Debt Dialogue focuses on recent developments and recurring interpretive issues and principles that debt-focused investors commonly encounter. Learn More

FundsTalk: July 2016

Funds Talk provides legal commentary on the news and events that matter most to alternative asset managers and funds. Learn More

Chambers USA 2016 Recognizes Kramer Levin

Learn More
>