Financial Restructuring & Workouts


Sugar Felsenthal Grais & Helsinger LLP’s attorneys have substantial experience representing borrowers in out-of-court workouts and debtors in large, complex chapter 11 cases across the country.  In these cases, we have confirmed both pre-packaged and pre-arranged chapter 11 reorganization plans, as well as handled sales of substantially all of a debtor's assets under section 363 of the U.S. Bankruptcy Code and the subsequent confirmation of chapter 11 liquidation plans.  Our attorneys are prepared to anticipate clients’ needs and craft strategies and solutions to maximize results.  Our team is dedicated to harmonizing our clients’ interests with the demands of creditors to ensure an effective reorganization.

Publications

Speaking Engagements


Some of our attorneys' recent or notable public chapter 11 debtor engagements include:

  • In re Chellino Crane, Inc. (Bankr. N.D. Ill.).  SFGH represented one of the Midwest’s largest providers of industrial cranes in its chapter 11 liquidation sale to a larger competitor. 

  • In re Central Iowa Hospital (Bankr. S.D. Iowa).  SFGH served as special healthcare reorganization counsel to the Debtor, a hospital and clinic system serving four Iowa counties, in its successful chapter 11 case resulting in a sale of the hospital and clinic system as a going concern to a large not for profit health care system. 

  • In re GEM Hospitality, Inc., et al (Bankr. C.D. Ill.).  SFGH serves as primary bankruptcy counsel to the Debtors who own and operate the historic Pere Marquette Hotel and related hotel and commercial properties in Peoria, Illinois.

  • In re Agri-Fine, Inc.  (Bankr. N.D. Ill.).  SFGH served as lead bankruptcy counsel to this Chicago-based manufacturer of agricultural food products in its chapter 11 case. 

  • In re Montgomery Ward (Bankr. D. Del.). One of our attorneys served on the team representing Montgomery Ward, one of the nation's landmark retailers, in its liquidating chapter 11 case, resulting in the sale of substantially all of the company's real estate holdings to developers and investors and the liquidation of its other assets to satisfy creditor claims.

  • In re Tokheim Corporation (Bankr. D. Del.). One of our attorneys served on the team representing the debtors, a $1 billion manufacturer of retail petroleum distribution devices and related products, in their pre-packaged chapter 11 cases.

  • In re Mangia Mangia, Inc. (Bankr. N.D. Ill.). One of our attorneys served as bankruptcy counsel to a family owned restaurant and catering business in suburban Chicago, on all aspects of its chapter 11 case before the U.S. Bankruptcy Court for the Northern District of Illinois (Judge Eugene Wedoff).

  • In re Ben Franklin Stores (Bankr. N.D. Ill.).  One of our attorneys was lead bankruptcy counsel to one of the nation’s oldest national retain chains in its initial restructuring and ultimate liquidation through chapter 11.