Practice Area

Creditors’ Rights and Restructuring

Our creditors’ rights and restructuring practice group is comprised of attorneys with extensive experience in all aspects of bankruptcy, restructuring, insolvency, and creditors’ rights matters. Our clients range from large public companies to closely-held businesses and individuals and include entities from throughout the Chicago area and across the country. While our firm is small, our service capabilities rival those of much larger firms, and we’re able to serve our clients in an exceptionally practical and cost-effective manner. Our services in this area include:

  • Representing secured and unsecured creditors, investors, suppliers, customers, landlords, tenants, and other parties in all aspects of reorganization and liquidation cases under Chapter 11, Chapter 7, and Chapter 13 of the Bankruptcy Code
  • Representing purchasers of assets of distressed businesses in both court-supervised and out-of-court transactions
  • Maximizing clients’ recoveries in bankruptcy cases through litigation, including motions for relief from the automatic stay, to require adequate protection payments, to compel assumption or rejection of contracts and leases, and for allowance and payment of administrative expenses, claim objections, and plan confirmation disputes
  • Defending clients against preference, fraudulent transfer, and other avoidance claims by debtors and bankruptcy trustees
  • Representing secured lenders in loan workouts, out-of-court debt restructurings, and orderly liquidations of borrowers’ business assets
  • Enforcing creditors’ rights and remedies under UCC Article 2 (Sales) and Article 9 (Secured Transactions)
  • Pursuing collection through state and federal court litigation, including judicial foreclosure, receivership, replevin, and citation proceedings
  • Enforcing clients’ rights and remedies in real estate collateral, including mortgage and mechanics’ lien foreclosure litigation, receiverships, and deed-in-lieu of foreclosure
  • Counseling insurers, reinsurers, claims administrators, and premium financing lenders in connection with commercial policyholders’ bankruptcy filings

Related Professionals

William J. Mitchell

Managing Partner

Timothy W. Brink


John J. Lipic


Kevin R. Purtill


Steven R. Rogovin


Evan D. Blewett


Lynda Reuther


Stephanie Spyratos



Chicago Office

T: 312-987-9900
F: 312-987-9854

Suburban Office

T: 847-330-2400
F: 847-330-1231

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“Bankruptcy is one area where MPS Law is unsurpassed. We know how to turn temporary problems into long-term advantages.”