Department profile
Proskauer Rose LLP

Bankruptcy/Restructuring

USA Guide 2026 : Illinois

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Proskauer Rose LLP

Rankings

Chambers Review

Provided by Chambers

Bankruptcy/Restructuring - Illinois

Band 4

What the Team is Known For
Handles bankruptcies and restructurings across a broad swath of industries, notably handling a number of high-value Chapter 11 cases on behalf of debtor-side clients. Niche expertise in advising private equity firms on the bankruptcies of portfolio companies and additional strength in bankruptcy litigation. Also noted for its handling of distressed M&A. Experienced counsel to creditors' committees.
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Work Highlights

Provided by Chambers

  • Proskauer Rose LLP acted for Zachry Industries Creditors Committee in the Chapter 11 reorganization of Zachry Industrial and its affiliates.

Strengths

Provided by Chambers

  • They work hard for their clients and can push forward to get parties to talk during difficult negotiations. They understand the incentives of each party and try to cater to these.

    Bankruptcy/Restructuring respondentUSA

Notable Practitioners

Provided by Chambers

  • Paul V. Possinger
    Paul V. Possinger

    Paul V. Possinger

    Paul Possinger advises clients on matters relating to corporate reorganization, creditors' rights and bankruptcy.

    • Paul is a really good lawyer; smart, rational and to the point.

      Bankruptcy/Restructuring respondentUSA

    • Paul is creative and smart, with an active practice.

      Bankruptcy/Restructuring respondentUSA
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  • Jordan Sazant
    Jordan Sazant

    Jordan Sazant

    Jordan Sazant is recognized for advising on a range of complex bankruptcy matters including Chapter 11 and out-of-court restructurings.

    • He's an extremely capable associate that can bring groups together and devise creative solutions.

      Bankruptcy/Restructuring respondentUSA

    • Jordan is a very good communicator and makes sure everything is moving along.

      Bankruptcy/Restructuring respondentUSA
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Ranked Individuals at Proskauer Rose LLP (2)

Illinois

Members

Provided by Proskauer Rose LLP

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