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Capabilities

Financial Restructuring

King & Spalding represents a broad range of clients in complex and high profile restructuring matters and in other situations involving financially distressed businesses.  We are regularly retained in bankruptcy cases pending throughout the United States, including cases presenting multi-jurisdictional and cross-border issues.  Our practice focuses on representing institutional lenders, alternative asset managers and other secured creditors, financially distressed borrowers/debtors, buyers of assets in connection with distressed M&A transactions, and parties in connection with insolvency-related litigation.

Working closely with our Finance, Private Equity, Healthcare, Energy and Capital Markets teams, our representations span a variety of industries, with particular emphasis on the retail, healthcare, energy, restaurant, hospitality, infrastructure, real estate, agriculture, manufacturing, media and telecommunications sectors.

Financially distressed companies must be as efficient as possible when working to restructure or reorganize their businesses.  Advance planning, liability management analysis and a coordinated approach among specialists and stakeholders are critical components to any successful reorganization.  We have handled financial restructurings on behalf of a variety of stakeholders, so we understand the varied perspectives, motivations and concerns from all sides of a transaction.

Our secured lender clients (including ad hoc groups of lenders) seek out the Financial Restructuring team to maximize their recoveries in connection with out-of-court workouts, formal in-court reorganizations, debtor-in-possession loans, Chapter 11 exit financings, and prepackaged and pre-arranged Chapter 11 plans.  Our “one team” approach across practice areas allows us to provide a seamless and comprehensive client representation.

We are regularly retained to represent financially distressed businesses in connection with workouts, restructurings or reorganizations, including portfolio company investments held by private equity firms and hedge funds.  By working with other lawyers in the firm’s Corporate, Finance and Investments (CFI) practice area, we are able to offer legal services throughout the lifecycle of a distressed company.

We frequently represent strategic and financial buyers of assets and businesses in Chapter 11 cases. We help our clients identify opportunities and navigate the complexities of these transactions by analyzing the circumstances and helping devise structures and approaches that maximize the likelihood of a successful deal.

We also represent litigants in contested matters, adversary proceedings and other bankruptcy and insolvency litigation involving creditors’ rights, lender liability and alter ego liability.

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Ranked Band 1 – Bankruptcy/Restructuring in Georgia


Chambers 2022

Ranked Band 1 – Bankruptcy/Restructuring: Highly Regarded Nationwide


Chambers 2022

Ranked Band 5 – Bankruptcy/Restructuring in New York


Chambers 2022

Ranked National Tier 1 – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law


US News: Best Law Firms 2022

Ranked National Tier 3 – Litigation: Bankruptcy


US News: Best Law Firms 2022

Ranked Tier 1 Atlanta – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law


US News: Best Law Firms 2022

Ranked Tier 1 Atlanta – Litigation: Bankruptcy


US News: Best Law Firms 2022

Ranked Tier 2 New York – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law


US News: Best Law Firms 2022

Ranked Band 1 – Bankruptcy/Restructuring Nationwide


Chambers USA 2021

Ranked Band 1 – Bankruptcy/Restructuring in Georgia


Chambers USA 2021

Ranked Band 5 – Bankruptcy/Restructuring in New York


Chambers USA 2021

“King & Spalding is one of my favorite firms to work with. The lawyers are consummate professionals who always approach matters with a very calm manner.”


Chambers USA 2021

“They have tremendous experience, they’re extremely responsive and they’re detailed in their approach.”


Chambers USA 2021

Ranked Tier 1 – Restructuring and Insolvency GA


IFLR 2021

Ranked Tier 5 – Restructuring and Insolvency IL


IFLR 2021

Ranked Tier 5 – Restructuring and Insolvency NY


IFLR 2021

Ranked Tier 5 – Restructuring and Insolvency USA


IFLR 2021

Ranked Tier 3 – Restructuring and Insolvency Singapore


IFLR 2021

One individual notes that the team is "very well-connected, talented and versatile."


Chambers USA 2020

Clients view them as "the top restructuring firm in the Atlanta market."


Chambers USA 2020

One interviewee reports: "King & Spalding is a well-respected law firm with a deep bench of creditor clients."


Chambers USA 2020

"There's a lot of creativity there," comments another, continuing: "They offer a personal service."


Chambers USA 2020

Three of our bankruptcy lawyers are Fellows of the American College of Bankruptcy


The American College of Bankruptcy

One of the most active bankruptcy law firms based on representations in active cases.


The Deal

Finalist for Team of the Year: Restructuring and Insolvency and Deal of the Year: Restructuring and Insolvency (Nine West Restructuring)


IFLR1000 US 2020 Awards

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Recognition

Ranked Band 1 – Bankruptcy/Restructuring in Georgia


Chambers 2022

Ranked Band 1 – Bankruptcy/Restructuring: Highly Regarded Nationwide


Chambers 2022

Ranked Band 5 – Bankruptcy/Restructuring in New York


Chambers 2022

Ranked National Tier 1 – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law


US News: Best Law Firms 2022

Ranked National Tier 3 – Litigation: Bankruptcy


US News: Best Law Firms 2022

Ranked Tier 1 Atlanta – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law


US News: Best Law Firms 2022

Ranked Tier 1 Atlanta – Litigation: Bankruptcy


US News: Best Law Firms 2022

Ranked Tier 2 New York – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law


US News: Best Law Firms 2022

Ranked Band 1 – Bankruptcy/Restructuring Nationwide


Chambers USA 2021

Ranked Band 1 – Bankruptcy/Restructuring in Georgia


Chambers USA 2021

Ranked Band 5 – Bankruptcy/Restructuring in New York


Chambers USA 2021

“King & Spalding is one of my favorite firms to work with. The lawyers are consummate professionals who always approach matters with a very calm manner.”


Chambers USA 2021

“They have tremendous experience, they’re extremely responsive and they’re detailed in their approach.”


Chambers USA 2021

Ranked Tier 1 – Restructuring and Insolvency GA


IFLR 2021

Ranked Tier 5 – Restructuring and Insolvency IL


IFLR 2021

Ranked Tier 5 – Restructuring and Insolvency NY


IFLR 2021

Ranked Tier 5 – Restructuring and Insolvency USA


IFLR 2021

Ranked Tier 3 – Restructuring and Insolvency Singapore


IFLR 2021

One individual notes that the team is "very well-connected, talented and versatile."


Chambers USA 2020

Clients view them as "the top restructuring firm in the Atlanta market."


Chambers USA 2020

One interviewee reports: "King & Spalding is a well-respected law firm with a deep bench of creditor clients."


Chambers USA 2020

"There's a lot of creativity there," comments another, continuing: "They offer a personal service."


Chambers USA 2020

Three of our bankruptcy lawyers are Fellows of the American College of Bankruptcy


The American College of Bankruptcy

One of the most active bankruptcy law firms based on representations in active cases.


The Deal

Finalist for Team of the Year: Restructuring and Insolvency and Deal of the Year: Restructuring and Insolvency (Nine West Restructuring)


IFLR1000 US 2020 Awards