Department profile
Katten

Bankruptcy/Restructuring: Highly Regarded

Global Guide 2026 : USA


Katten

Rankings

About

Provided by Katten

Our team approaches each engagement with a creative, outside-the-box outlook, an understanding of the motivations and goals of the parties involved, practical counsel that takes business realities into consideration, and focuses on exceeding the clients' objectives. 

The team has particular industry expertise in the retail and oil, gas and coal sectors, having represented parties across the capital structure and gained a complete understanding what drives excellent results for clients in these industries. We have had prominent roles in multiple Chapter 11 cases in these sectors, including J.C. Penney Company, Inc., Neiman Marcus, Lord & Taylor, Sears Holdings Corporation, Barneys, Toys "R" Us and Alex & Ani, as well as Gulfport Energy, Seadrill Limited, Sable Permian Resources and Sheridan Holding Company.

The Insolvency and Restructuring practice has in-depth experience representing different constituencies and in all types of in-court and out-of-court restructurings and workouts, with a focus on bankruptcy litigation, Section 363 transactions and other M&A transactions involving distressed companies. Katten also is one of the preeminent firms in representing independent directors in Chapter 11 cases and out-of-court restructurings. In addition, we regularly represent corporate debtors, official and unofficial creditors' committees, secured lenders, trade creditors, administrative agents, indenture trustees and equity sponsors.

Chambers Review

Provided by Chambers

Bankruptcy/Restructuring: Highly Regarded - USA

Band 1

Band 1


What the Team is Known For
Katten is a respected firm with significant experience across a wide range of bankruptcy matters, including Chapter 11 proceedings and out-of-court restructurings. It routinely acts for independent directors, debtors and lenders.

Work Highlights

Provided by Chambers

  • Katten represented Thrasio, at the direction of its independent directors, in connection with the company's Chapter 11 cases.

Strengths

Provided by Chambers

  • The firm has an expert on every matter and still has the ability to keep one single point of contact.

    Bankruptcy/Restructuring: Highly Regarded respondentGlobal
  • Katten is responsive, knowledgeable about market trends and creative in finding solutions to challenges.

    Bankruptcy/Restructuring: Highly Regarded respondentGlobal
  • The Katten team is incredibly responsive, available and very focused on helping to find solutions.

    Bankruptcy/Restructuring: Highly Regarded respondentGlobal

Notable Practitioners

Provided by Chambers

  • Band 2Steven J Reisman
    Band 2Steven J Reisman

    Steven J Reisman

    Steven Reisman cochairs Katten's insolvency and restructuring practice and has recent experience in matters related to the energy and retail industries. He is also highly recommended for his expertise in representing independent directors in high-stakes bankruptcy proceedings.
    • Steven is the consummate lawyer for independent directors of distressed companies.

      Bankruptcy/Restructuring: Highly Regarded respondentGlobal
    • Steven's creativity is unbeatable.

      Bankruptcy/Restructuring: Highly Regarded respondentGlobal

Ranked Individuals at Katten (1)

USA

Members

Provided by Katten

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