When companies face significant, complex issues that threaten their ongoing operations, Weil is a trusted advisor in helping to formulate innovative, efficient, and expedited methods of tackling financial distress.

Chapter 11 Filings

Weil’s preeminent Business Finance and Restructuring practice is the call of first resort for many companies when they are in financial distress. The Firm has been involved in an uniquely high percentage of major U.S. and international reorganizations and out-of-court restructurings for struggling companies. Several of these representations were ongoing at the same time, demonstrating the Department’s high degree of sophistication and unmatched capabilities. In addition, the Department’s industry experience is broad and ranges from expertise in the commercial real estate, energy, food, construction, automotive, entertainment and gaming, automotive, sports, shipping, hospitality, professional services, aluminum manufacturing, retail, financial services, professional services, and consumer goods industries.

Out-of-Court Restructurings

With the Department’s extensive experience and expertise in out-of-court restructurings, Weil often advises troubled corporations on methods to address their distress in a consensual manner that avoids having to file for chapter 11 relief. The Firm handles a variety of these types of matters, ranging from workouts to exchange offers and other recapitalizations, in a wide range of industries. When working on an out-of-court restructuring, the team often collaborates with the Firm’s Capital Markets and Finance attorneys on debt exchanges, tender offers, loan modifications, and other out-of-court strategies to reduce debt.

Prepackaged Bankruptcies

Weil is a pioneer in the development of the streamlined “prepackaged” chapter 11 filing – a bankruptcy in which a debtor obtains approval of its reorganization plan from all affected creditor classes before filing for bankruptcy. Our forward-thinking approaches to limiting a company’s duration in bankruptcy, as well as the uncertainty which may be involved in a traditional chapter 11 reorganization, have produced innovative cases and positive results for our debtor clients.