Restructuring and Bankruptcy

We help companies communicate through financial challenges, building stability to maintain the support of their key stakeholders when it matters most.

We have decades of restructuring communications experience and proven results in high-stakes, out-of-the-ordinary, and time-sensitive situations. Our team knows that every problem requires a nuanced and custom solution, and that business, legal, and financial goals must drive the narrative and inform the communications approach at each step – from the earliest stages of distress through final resolution.

We serve as a trusted strategic advisor to clients during critical times when there is no margin for error, no single playbook, and no replacement for a deep understanding of legal process and procedure, the financial markets, and the media landscape across various jurisdictions and operating environments.

Our Approach

We pride ourselves on being relentless advocates for our clients and their restructuring advisors. We work seamlessly with them to develop and implement communications programs that preserve credibility and flexibility; facilitate productive dialogue to maintain the support of key stakeholders; reinforce operational continuity and momentum; and help achieve ultimate business, legal, and financial goals.

With judgment shaped by our backgrounds in law, finance, and journalism, the highest level of subject matter knowledge, and a commitment to flawless execution, we always think holistically and several steps ahead, helping our clients maintain control and avoid unforced errors when the path to resolution is often unclear.

Our Capabilities

We advise companies and their boards of directors; individual creditors and creditor groups; financial sponsors and other investors; and asset purchasers in distressed situations of all types – in the US and globally. With significant public and private company representations of all sizes and broad-based industry experience, our team has unmatched expertise across the full spectrum:

Early Stages of Distress

We support companies on communications in connection with capital structure, liquidity, liability management, financial disclosure, and other mission-critical issues.

We know the importance of thoughtful contingency planning: we help companies prepare for various out-of-court and in-court scenarios, address rumors and speculation, and manage creditor negotiations and stakeholder litigation or unrest.

Chapter 11 and Insolvency Proceedings

We have served as communications advisor on many of the largest, most complex, and highest profile Chapter 11 and insolvency proceedings in history.

Our extensive experience in the US Bankruptcy Court system extends beyond prepackaged, prenegotiated, and traditional Chapter 11 cases to providing counsel in connection with international and cross-border insolvency proceedings, as well as Chapter 15 filings. We have also worked with key stakeholders in some of the most visible Chapter 9 municipal restructurings.

Out-of-Court Restructurings

We provide communications counsel in connection with debt exchanges, out-of-court restructurings, and state court receiverships outside the US Bankruptcy Court system.

Distressed M&A and Investments

We often combine our restructuring expertise with our extensive experience in M&A to assist clients, including “stalking horse” bidders and other purchasers of distressed businesses/assets, through §363 and other sale processes.

We also frequently work with investment firms and consortia in connection with their investments, as well as in managing developments at the portfolio level.

Advanced Stages of Distress

We assist on wind downs and liquidations, including attendant layoffs and closures of operations and facilities.

Our Experts

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Sherri L. Toub Partner
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Richard Campbell Partner
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Knut Engelmann Partner, Head of the Frankfurt office
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Jeremy Fielding Co-Chief Executive Officer, Partner
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Ruth Pachman Partner
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Wendi Kopsick Partner
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Ross A. Lovern Partner
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Oliver Mann Partner
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Bernhard Meising Co-Chief Executive Officer, Partner
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Natali Brandis Partner
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Roland Klein Partner
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Roland Leithäuser Partner
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