Department profile
Foley & Lardner LLP

Bankruptcy/Restructuring

USA Guide 2026 : Illinois


Foley & Lardner LLP

Rankings

About

Provided by Foley & Lardner LLP

When facing financial uncertainty and distress, Foley’s Bankruptcy & Business Reorganizations Practice will help you limit losses and enhance value. Whether from the vantage of creditors seeking to maximize recoveries or debtors navigating unique challenges, Foley will partner with you to establish a clear and effective path forward.

With more than 60 restructuring professionals nationwide, Foley’s practice is among the largest and most robust in the nation, representing myriad creditor and debtor constituencies. Foley’s nationally recognized practice emphasizes practical solutions tailored to specific business needs.

Coupling business acumen and industry knowledge, Foley delivers thoughtful legal advice whether in a complex chapter 11, an out-of-court workout, state insolvency framework, creditors’ rights litigation, or strategic acquisition or divestiture. Foley will serve as your trusted advisor and work each step of the way to craft proactive strategies for loss mitigation and counterparty risk as well as realignment in financially distressed industries. We share your vision and understand your particular needs. This is why Foley has become the law firm of choice for many of the most difficult and challenging high-stakes restructuring matters in the United States.


Industries (4)

  • Energy
  • Innovative Technology
  • Health Care & Life Sciences
  • Manufacturing

Chambers Review

Provided by Chambers

Bankruptcy/Restructuring - Illinois

Band 3

Band 3


What the Team is Known For
Recognized for its representation of creditors' committees, trustees and other creditor-side clients in connection with Chapter 11 cases across a range of industries. Offers sector-specific experience pertaining to the commodity broker industry, energy and healthcare. Activity in matters pertaining to the oil and gas sector. Accomplished advisers to indenture trustees.

Work Highlights

Provided by Chambers

  • Foley & Lardner LLP represented Wells Fargo Bank, N.A., in its capacity as indenture trustee for USD2.7 billion in senior unsecured notes issued by The Hertz Corporation in the Chapter 11 cases of The Hertz Corporation and its affiliated Chapter 11 debtors.

Strengths

Provided by Chambers

  • They have superb expertise and are always responsive and willing to go the extra mile for the client. They are very experienced in the challenges that face corporate trustees in bankruptcy situations.

    Bankruptcy/Restructuring respondentUSA
  • Foley takes the time to understand the business objectives and then provide legal advice around those. It's a collaborative process.

    Bankruptcy/Restructuring respondentUSA

Notable Practitioners

Provided by Chambers

  • Band 3Michael Small
    Band 3Michael Small

    Michael Small

    Michael Small is an experienced restructuring attorney and litigator. His clients include financial institutions, trustees and debtors. Areas of expertise include sports and entertainment, automotive and healthcare, among others.

    • He is a deal maker; he can get things done.

      Bankruptcy/Restructuring respondentUSA
    • Michael is excellent; very smart and easy to deal with.

      Bankruptcy/Restructuring respondentUSA
  • Band 4Mark L Radtke
    Band 4Mark L Radtke

    Mark L Radtke

    Mark Radtke focuses on bankruptcy, restructuring and creditors' rights matters. His clients include secured and unsecured creditors.
    • He provides excellent guidance in complex transactions.

      Bankruptcy/Restructuring respondentUSA
    • Mark has a very practical approach to solving commercial issues.

      Bankruptcy/Restructuring respondentUSA
    • He is very experienced and does a very good job.

      Bankruptcy/Restructuring respondentUSA

Ranked Individuals at Foley & Lardner LLP (2)

Illinois

Members

Provided by Foley & Lardner LLP

Foley & Lardner LLP has rankings in the following guides

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