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Calfee’s Business Restructuring and Insolvency lawyers have worked on some of the most challenging restructuring matters across the country. Calfee’s Business Restructuring and Insolvency lawyers work collaboratively with clients to structure creative and successful solutions to complex and difficult restructuring engagements that meet the clients’ objectives. Our lawyers have well-rounded practices and routinely represent all the major constituencies in bankruptcy proceedings and out-of-court workouts, including debtors, creditors’ committees, unsecured creditors, trustees, debtholders, asset and debt purchasers and financial institutions.

Calfee understands that these business restructuring and insolvency engagements require an understanding of both the underlying business issues that led to the distress and the limited resources, including time and money, available for a solution. We provide effective and efficient representation, based on decades of business restructuring and insolvency experience, working with clients of all sizes. Because restructuring matters transcend many legal disciplines, Calfee’s Business Restructuring and Insolvency lawyers work seamlessly with lawyers in other practice areas, including Corporate and Capital Markets, Commercial and Public Finance, Commercial Litigation, Government Relations and Employee Benefits and Executive Compensation, to coordinate efforts and tailor comprehensive solutions for our clients.

Moreover, Calfee’s Business Restructuring and Insolvency practice, which includes a former general counsel to two national retailers, has extensive business and legal experience in the distressed retail space, having represented retailers, lenders, creditors’ committees, mall owners/landlords and foreign and domestic vendors.


Calfee has been selected for inclusion to “Best Law Firms” in Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law (National Tier 3, Metropolitan Tier 1 Cleveland) and in Bankruptcy Litigation (Metropolitan Tier 3 Cleveland) by U.S. News–Best Lawyers® 2020.




Our direct experience includes representing the following entities:

  • Debtors (in and out of court)
  • Unsecured Creditors’ Committees
  • Special Interest Committees
  • Trustees (in and out of court)
  • Lenders
  • Receivers (state and federal)
  • Asset Purchasers and Investors
  • Buyers and Sellers of Distressed Assets

Our insolvency attorneys have experience representing all major constituencies in commercial bankruptcy proceedings and out-of-court workouts. Our clients include large public corporations as well as middle-market businesses, individuals and government. Our effectiveness is enhanced by this breadth of experience and our capability in all aspects of the Chapter 11 process.

In addition, we handle matters outside of bankruptcy court. Our transactional attorneys are uniquely qualified to handle the problems and issues associated with representing clients in insolvency-related transactions, such as:

  • Assignments for the Benefit of Creditors
  • Secured Party Sales
  • Insurance Insolvencies
  • F.D.I.C. Receiverships
  • Mergers & Acquisitions
  • Debt Re-Financings
  • Real Estate
  • Workout
  • Distressed M&A



  • Board Advisory (Fiduciary Duties)
  • Chapter 11 Debtor and Distressed Company Representations, including Out-of-Court Workouts
  • Official and Ad Hoc Committee Representations
  • Vendor and Other Trade Creditor Claim Protection and Maximization
  • Secured Creditor Representations, including Debtor in Possession Financing and Out-of-Court Workouts
  • Fiduciary Investigation and Litigation
  • Distressed Asset Sales and Acquisitions
  • State and Federal Receiverships
  • Bankruptcy and Commercial Litigation
  • Creditor Trusts

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