Department profile
Barnes & Thornburg LLP

Bankruptcy/Restructuring

USA Guide 2026 : Illinois


Barnes & Thornburg LLP

Rankings

About

Provided by Barnes & Thornburg LLP

Attorneys in the Barnes & Thornburg’s bankruptcy practice advise clients nationwide on complex, multi-jurisdictional restructurings and insolvency matters. Our practice also provides guidance in municipal insolvency and Chapter 11 and Chapter 9 matters, offers landlord representation in large retail and commercial restructurings, assists with distressed real estate workouts, and advises on asset sales under Section 363 of the Bankruptcy Code. Additional capabilities include advising pre-petition and DIP lenders, indenture trustees, receivers, and investors, as well as providing integrated support for clients addressing distressed asset issues across regulated industries, including healthcare, energy, real estate, higher education, and public finance. We also represent clients in resolving disputes outside the courtroom through negotiation, arbitration, and mediation. Our department members are frequently consulted on planning and documenting transactions, formulating strategic settlements in litigated matters, and negotiating and documenting pre-bankruptcy modifications and forbearances. Although our practice is focused on creditor representations, many of our attorneys also have substantial experience advising debtors. This breadth of experience gives us a truly multidimensional perspective in addressing even the most complex challenges of financial crisis management and strategy.

Chambers Review

Provided by Chambers

Bankruptcy/Restructuring - Illinois

Band 5

Band 5


What the Team is Known For

Barnes & Thornburg has a strong insolvency and restructuring offering with expertise in a number of areas including Chapter 11 proceedings, mass tort liabilities and litigation. The team also offers deep expertise in distressed transactions and complex insolvency misconduct investigations. Recent work includes advising high-profile clients across healthcare, crypto and banking.

Work Highlights

Provided by Chambers

  • Barnes & Thornburg is representing the Special Committee of the Board of Directors of Rhodium Enterprises in connection with an investigation into alleged misconduct by company insiders leading up to Rhodium’s 2024 Chapter 11 filing.

Strengths

Provided by Chambers

  • They are practical and very responsive and offer deep subject matter expertise.

    Bankruptcy/Restructuring respondentUSA
  • They provide excellent guidance and keep everyone informed and moving along. They have a solid understanding of our business which has been extremely helpful in negotiations.

    Bankruptcy/Restructuring respondentUSA

Notable Practitioners

Provided by Chambers

  • Up and ComingAaron Gavant
    Up and ComingAaron Gavant

    Aaron Gavant

    Aaron Gavant has strong experience in a range of bankruptcy-related issues, including litigation, out-of-court restructurings and distressed M&A. He routinely represents financial institutions, indenture trustees and committees.

    • Aaron is a very skilled attorney; he understands the client's business and provides expert advice.

      Bankruptcy/Restructuring respondentUSA
    • Aaron provides an outstanding service; he is timely, knowledgeable and creative.

      Bankruptcy/Restructuring respondentUSA

Ranked Individuals at Barnes & Thornburg LLP (1)

Illinois

Members

Provided by Barnes & Thornburg LLP

Barnes & Thornburg LLP has rankings in the following guides

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