Bankruptcy, Workouts & Financial Restructuring

McDowell Rice has maintained a vigorous and diverse bankruptcy practice for more than half a century. The attorneys in this group are led by our department co-chairs, R. Pete Smith, an elected Fellow of the prestigious American College of Bankruptcy Attorneys, and Jonathan A. Margolies, both of whom are recognized in the section of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law in the Best Lawyers in America. The bankruptcy group includes capable attorneys who can provide early development of proactive strategies. They offer comprehensive document preparation and aggressive prosecution of litigation for all bankruptcy-related matters.

The Firm is particularly renowned for its expertise in complex and contested corporate bankruptcies and its representation of debtors and secured creditors in the Chapter 11 arena. McDowell Rice is among the select “go to” firms for distressed businesses seeking debt restructuring both inside and outside Chapter 11. The bankruptcy group is composed of attorneys with vast experience in the formulation and implementation of strategies leading to the successful reorganization of financially challenged businesses as well as the enforcement of creditor rights and remedies in both bankruptcy court and state court. The firm has represented a wide array of parties, including debtors, secured creditors, unsecured creditors, government agencies, and creditor committees, and trustees. The bankruptcy group’s representation has encompassed the largest Chapter 11 cases in the metropolitan Kansas City area as well as major commercial cases throughout the country.  

Areas of concentration include: 

  • Documentation and Enforcement of Creditors Rights and Remedies
  • Representation of Distressed Businesses in Workouts, Financial Restructuring and Chapter 11 Bankruptcies
  • Representation of Secured Creditors, Creditor Committees and Trustees in Bankruptcies

Examples of our work include:

  • Representation of largest creditor in reorganization of billion dollar hotel portfolio
  • Representation of real estate company in $100 million Chapter 11 bankruptcy
  • Successful reorganization of regional trucking company in Chapter 11 reorganization
  • Representation of consortium of lenders on $400 million credit facility in billion dollar agricultural co-op case
  • Representation of lender on $250 million credit facility in billion dollar construction materials company bankruptcy
  • Successful reorganization of health club business
  • Representation of apparel companies in pending Chapter 11 cases
  • Debt restructuring of multi-state pizzeria/entertainment center business
  • Representation of retirement facility in restructuring of bond debt

 

Members of Practice Group