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Bankruptcy & Financial Restructuring

Bankruptcy and restructurings involve numerous parties, competing interests, and complex issues. We help you navigate through it all and achieve results.

Battle Tested. Client Approved.

Arent Fox has a versatile Bankruptcy & Financial Restructuring practice that advises clients across the country. We believe that a broad, diverse, and comprehensive practice enhances and improves our ability to represent clients creatively and successfully in both transactional and litigation matters. Our resources and experience enable Arent Fox to be a leading force in the bankruptcy and restructuring world.

How We Help

  • Financial and corporate restructurings 
  • Chapter 11, 15, 9, and 7  bankruptcy proceedings
  • Strategic bankruptcy-related and remedial rights litigation
  • Post-Petition, Rescue ,and Exit Financing
  • Distressed asset and corporate acquisitions
  • Contract counterparties, leases, and executory contracts

Our Industries

Arent Fox represents creditors’ committees, indenture trustees, bondholders, contract counterparties, secured creditors, lenders, financing syndicates and providers of financing in bankruptcy proceedings in numerous industries, including health care, energy, oil and gas exploration and production, mining, airline, life sciences, manufacturing, retail, telecommunications, metals, subprime lending, e-commerce and internet, energy, restaurant, hotel and hospitality, medical technology, pharmaceuticals, construction, real estate, and bank and finance holding companies.

We frequently represent debtors in bankruptcy proceedings, acquirers of and investors in troubled, distressed, and bankrupt companies and providers of rescue, pool petition, and exit financing. We also often counsel boards of directors, management, and shareholders and commodities customers and counter parties.

Many team members are well-known in their field, both at a local and national level. Our lawyers frequently serve as speakers and panelists at leading bankruptcy and distressed investing seminars and conferences, and publish articles on cutting-edge bankruptcy and restructuring topics and issues.

Our Attorneys

In 2018, Legal 500 recognized Arent Fox's Bankruptcy & Financial Restructuring practice in the top tier nationally for its municipal bankruptcy work. In 2017, the Bankruptcy & Financial Restructuring group won the Turnaround Atlas Award for "Energy and Exploration Partner Chapter 11 Plan of Reorganization". In 2015, the Bankruptcy and Financial Restructuring group won the Turnaround Atlas Award for “Chapter 11 Restructuring of the Year” in recognition of their successful representation of the Official Committee of Unsecured Creditors of Cengage in its Chapter 11 case, the largest Chapter 11 filing of 2013. In 2012, the Bankruptcy and Financial Restructuring Group was named a recipient of the “Transaction of the Year: Mid-Sized Company” award by the Turnaround Management Association (TMA) for its role in representing the Official Committee of Unsecured Creditors in the Chapter 11 case filed by Contessa Premium Foods, Inc. The award recognized Contessa’s successful bankruptcy sale and the liquidation plan the team developed for the case, which resulted in 100% recoveries for all allowed general unsecured creditors.

Arent Fox is recognized as a preeminent leader by respected industry publications such as Chambers USA, Legal 500US News & World Report, and The Deal's Bankruptcy Insider. Chambers ranks our team as one of the top groups in the nation, while Legal 500 rates the practice among the best in the country for municipal bankruptcy and corporate restructuring work. In addition, US News & World Report/Best Lawyers survey rates us nationally in Tier 1 for bankruptcy litigation. We also rank highly for bankruptcy-related mergers and acquisition work. In fact, we won the M&A Advisor’s 2011 Turnaround Award for our work on behalf of The Walking Company that helped the national footwear retail chain successfully emerge from bankruptcy. Arent Fox earned top honors in the “Chapter 11 Reorganization of the Year” (Lower Middle Market) awards category. In 2017, the Bankruptcy and Financial Restructuring group won the Turnaround Atlas Award for "Energy and Exploration Partner Chapter 11 Plan of Reorganization"

Two of our attorneys have significant experience dealing with the Pension Benefit Guaranty Corporation; are recognized as leading employment, employee benefits, and pension bankruptcy attorneys in the nation; and are the editors of ABI’s Pension Manual: A Practical Guide to Pension Issues Arising in Business Bankruptcy Cases.

Several Arent Fox partners have nationally recognized practices representing creditors’ committees in bankruptcy proceedings throughout the country, and three partners have a nationally recognized practice representing indenture trustees in all facets of a bankruptcy and restructuring process. Four of our partners and six of our associates have clerked for bankruptcy judges. One of our partners is a former Naval officer who regularly spearheads our litigation-oriented matters.

Our Work

The following experience illustrates the depth and breadth of the firm’s Bankruptcy and Financial Restructuring practice:

  • Representation of numerous official committees of unsecured creditors, including Allied Nevada Corporation, Energy & Exploration Partners, Inc., Cengage Learning, Inc., Contessa Premium Foods, Inc., Accredited Home Lenders Holding, Co., Insilco Technologies Inc., Planet Hollywood International Inc., Rock and Republic Enterprises, Inc., Impath Inc., eToys Direct, LLC, Point Blank Solutions, Inc., Fortunoff, LLC, Metiom Inc., Scient Inc., Square Financial Services, Earthshell Corporation, Tactica International Inc., TKO Sports Group USA Limited, Empire One Telecommunications Inc., MCE Television, Inc., Building Materials Holding Corporation, Cygnifi Derivatives Services, LLC, Cross Media Marketing Corporation, Lantis Eyewear Corporation, Protective Products Inc., Kleinert’s Inc., and Peninsula Hospital Center; and Morris | Schneider | Wittstadt Va., PLLC, et al. in bankruptcy proceedings.
  • Representation of an indenture trustee and/or agents in various tranches of debt in the capital structure in the Vantage Drilling Company, Sabine Oil & Gas Corp., BPZ Energy, Inc., Endeavor Operations Corporation, Goodrich Petroleum Corp., Caesars Entertainment Corp., Walter Energy, Inc., Dynegy Holdings LLC, Washington Mutual, Inc., TOUSA, Inc., Simmons Company, BankUnited Financial Corp., RH Donnelley, Corp., Orleans Homebuilders, Inc., United Air Lines Inc., ATA Airlines, Plainwell Inc., Advanta Corp., Dana Corporation, Pliant Corporation, Silver State Bancorp, Maxxim Medical, Pac-West Telecomm, Inc., Vesta Insurance Group, Inc., and Lodgian Inc. bankruptcy proceedings.
  • Representation of independent director in bankruptcy proceeding of CRP-2 Holdings AA, LP.
  • Representation of indenture trustee and collateral agent in restructuring of LINN Energy, LLC.
  • Representation of an indenture trustee in connection with sale transaction of BankAtlantic.
  • Representation of indenture trustee in connection with covenant enforcement litigation regarding Merrimack Pharmaceuticals.
  • Representation of significant dissident bondholders in Exide Technologies Inc. Chapter 11 bankruptcy proceedings.
  • Representation of a federal agency in the Global Crossing and Cone Mills bankruptcy proceedings.
  • Representation of acquirer of Globe Metallurgical Inc.
  • Representation of acquirer of a distressed for-profit hospital.
  • Representation of transportation and midstream counterparties in Bonanza Creek, Inc. bankruptcy proceedings.
  • Representation of insurance companies in chapter 15 proceedings of Hanjin Shipping Co.
  • Representation of mutual funds and fund manager in Lehman Brothers bankruptcy proceeding.
  • Representation of debtor in bankruptcy proceeding of The Walking Company.
  • Representation of debtor in bankruptcy proceeding of The Siena Hotel Spa Casino.
  • Representation of Infinia Inc. (as skilled nursing facilities) in a successful bankruptcy reorganization.
  • Representation of debtors in numerous bankruptcy cases involving commercial, industrial, senior living and health care, residential and apartment projects, including many involving tax-exempt bond financing and nonprofit borrowers.
  • Representation of acquirer of a distressed manufacturing company and retail company.
  • Representation of commodities customers, counter parties and other parties in interest in the MF Global SIPA insolvency and bankruptcy proceedings.
  • Representation of parties in Chapter 9 proceedings of Harrisburg, Pennsylvania and Central Falls, Rhode Island.
  • Representation of the State of Maine Office of the Public Advocate in FairPoint Communications bankruptcy proceeding.
  • Representation of claims buyers and traders in bankruptcy proceedings and related litigation matters including Enron and Worldcom.

Key Contacts