Restructuring, Insolvency, and Special Situations (“RISS”)

Sugar Felsenthal Grais & Helsinger LLP is nationally renowned for its Restructuring, Insolvency, and Special Situations (“RISS”) practice.  Our team is acclaimed for its talent in financial restructuring and creditors' rights, specializing in a broad scope of insolvency-related matters and practicing in jurisdictions across the United States and abroad.


Our experience includes the nation’s largest industry sectors – hospitality and restaurant (including franchise); transportation; healthcare; manufacturing (various sectors); retail (local and national); commercial lending and bank holding companies; real estate and construction; technology; and professional services, among others.  We are also teachers and advisors in the bankruptcy and restructuring community both in Chicago and nationally.

SFGH is proud of the accolades it has received in recent years for its bankruptcy and insolvency efforts on behalf of its clients.  Among them:  Turnaround Management Association’s 2014 Large Transaction of the Year, M&A Advisor’s 2014 Consumer Product of the Year Transaction, and M&A Advisor’s 2018 363 Sale of the Year ($10M-$25M).    

Guiding our business clients through bankruptcies and insolvencies requires a deep appreciation for the interests and expectations of all parties involved.  Our focus is to create value through measured strategy, cooperation and collaboration, and the utilization of our vast network of industry contacts. Clients frequently praise our business judgment.  We take great pride in providing exemplary service to our clients who we consider partners and friends.

Our Restructuring, Insolvency, and Special Situations (“RISS”) practice is divided into five core specialties: traditional bankruptcy servicesfinancial restructuring and workoutsbankruptcy committees; and secured creditor and bondholder rights.  We encourage you to learn more about our world-class services in these areas.


Speaking Engagements


  • 10/10/2019

    SFGH Represents Morgan Administration Inc. et al. in Confirming Chapter 11 Liquidating Plan

    SFGH congratulates its Bankruptcy, Reorganization & Creditors' Rights Group on its recent representation of Morgan Administration, Inc. and its affiliated debtor entities, better known as “Home Owners Bargain Outlet,” or “HOBO,” in confirming their joint chapter 11 liquidating plan before the U.S. Bankruptcy Court for the Northern District of Illinois. 


  • 10/01/2019

    SFGH Partners Provide Pro Bono Assistance to Illinois Disability Rights Group

    SFGH partners recently provided pro bono legal services to ADA 25 Advancing Leadership, previously a project of the Chicago Community Trust, to help it become an independent section 501(c)(3) tax-exempt not-for-profit corporation. Advancing Leadership seeks to foster civic and professional leadership by individuals with disabilities.

  • 09/26/2019

    SFGH Associate Shows Commitment to Service through Pro Bono Work

    Joelle Shabat, Vice President of the Center for Disability and Elder Law's Young Professionals Board (CDEL YPB), continues to show commitment to pro bono work and service to the Chicagoland community. The YPB hosted its annual trivia night earlier this week at Revolution Brewing. All proceeds fund programs that provide legal services to low-income residents of Cook County who are elderly or have permanent disabilities.

  • 09/25/2019

    Sugar Felsenthal Grais & Helsinger LLP Continues to Expand Practice Groups with Joelle M. Shabat

    Sugar Felsenthal Grais & Helsinger LLP is pleased to announce that Joelle M. Shabat has joined the Chicago office as an associate in its robust Litigation & Dispute Resolution Group and Bankruptcy, Reorganization & Creditors' Rights Group.


  • 09/23/2019

    Etahn Cohen recognized as top 10% of America's Most Honored Professionals

    Congratulations to partner Etahn Cohen for being recognized by the American Registry as top 10% of America's Most Honored Professionals.

  • 08/07/2019

    Norman B. Newman Joins Sugar Felsenthal Grais & Helsinger LLP

    Sugar Felsenthal Grais & Helsinger LLP announced today that leading bankruptcy attorney Norman B. Newman has joined its Chicago office as Senior Counsel in its Corporate Restructuring, Insolvency & Special Situations Group. Norm joins the Firm from Much Shelist, P.C., where he served as Practice Group Leader of its Creditor Rights, Insolvency & Business Bankruptcy Group for many years.   

  • 08/01/2019

    Etahn Cohen selected as an Avvo Top-Rated Lawyer 2019

    Sugar Felsenthal Grais & Helsinger congratulates partner Etahn Cohen on being selected as an Avvo Top-Rated Lawyer 2019. 

  • 07/25/2019

    SFGH Partners Provide Pro Bono Assistance for Illinois Low Income Housing

    In 2018, Sugar Felsenthal Grais & Helsinger LLP (SFGH) represented pro bono Community Partners for Affordable Housing (CPAH). CPAH is a provider of community land trust financed low-income housing. CPAH was joining with Lake County Residential Development Corporation (LCRDC) and Affordable Housing Corporation of Lake County (AHC) to strengthen the community resources that supported low-income housing in Lake County and northern Cook County. SFGH partners were instrumental in organizing and directing the combination to close it by the end of the year.

  • 04/04/2019

    Sugar Felsenthal Grais & Helsinger seeks to hire seasoned paralegal with significant general litigation and commercial bankruptcy experience

    Paralegal Needed!  Due to its exploding growth, Sugar Felsenthal Grais & Helsinger has a pressing need to hire a seasoned paralegal with significant general litigation and commercial bankruptcy experience. Competitive salary and benefits. For more information contact Please, no phone calls.

  • 02/09/2018

    SFGH Confirms Chapter 11 Plan in Regional Hospital Bankruptcy

    On February 9, 2018, the United States Bankruptcy Court for the Southern District of Iowa confirmed the chapter 11 liquidation plan of Central Iowa Healthcare, a mid-sized hospital and clinic system based in Marshalltown, Iowa with a reach through three central Iowa counties.  Sugar Felsenthal Grais & Helsinger LLP, led by partner Mark S. Melickian, served as Special Healthcare Reorganization Counsel and led the engagement from filing through plan confirmation.  Mark was assisted in the engagement by SFGH partners Michael Brandess and Matthew Schiff, and litigation associate Kathryn Nadro.  In May 2017, SFGH took the Debtor through the sale of substantially all of its assets to Allen Health Systems, Inc., d/b/a UnityPoint Health – Waterloo, a transaction that allowed the hospital and clinics to remain open, saved hundreds of regional jobs, and won M&A Advisor’s 363 Sale of the Year award ($10 million - $25 million) for 2017.