Business Finance & Restructuring

Weil is one of the leading business finance and restructuring firms in the world, consistently at the forefront of innovative restructurings.  The reason is simple. Weil invented much of what has become standard practice in the restructuring field.  For more than 45 years, Weil has played a pivotal role in defining this field by offering creative, practical, and thoughtful solutions for its clients. 

Notable Representations, Key Contacts

A Go-to Firm for Global Distressed Situations

Weil's global restructuring group comprises more than 100 dedicated lawyers, including a significant number recognized as leaders in their field.

The largest, most complex, and most important restructuring matters in history require a truly international firm that can handle all aspects of the restructuring process in the United States, Europe, Middle East, and Asia. Weil's global restructuring practice has been described as the “gold standard” of bankruptcy practices and as a “restructuring powerhouse.”

  • Weil’s premier U.S. Restructuring practice has been involved in countless international and U.S. restructurings over many decades, with representations ranging from top global corporations in mega-restructurings to middle-market debtors. Weil has served as chief debtors’ counsel in five of the six largest U.S. bankruptcy filings in history and has represented clients in numerous complicated cross-border insolvency and restructuring matters.

“By far the most prominent debtor firm in the USA.” — Chambers

  • Weil’s leading European Restructuring practice comprises offices in the Czech Republic, France, Germany, Hungary, and Poland, with its hub in the United Kingdom. Weil’s work on restructurings, such as advising the Ad Hoc Creditors’ Committee in the Ukrainian sovereign debt restructuring, representing KPMG on the historic administration of MF Global, the multilayered insolvency proceedings for Petroplus, the €2 billion debt restructuring of Mediannuaire, and the financial restructuring of Pfleiderer Group, in addition to numerous others, places Weil at the forefront of the largest restructuring matters in the European market.

“It stands out from the rest for its results-oriented and practical approach.” — Chambers

  • Weil’s highly regarded Asia Restructuring practice includes lawyers in Beijing, Hong Kong, and Shanghai, with local on-the-ground expertise of matters across the Asian Pacific region. The team includes PRC-, Hong Kong-, U.S.-, and U.K.-qualified lawyers, providing clients with premier Asian and international experience.

“Weil’s clients have praise for the technical ability and business sense that the partners bring to transactions.” — IFLR1000

While many firms may claim to offer an international service, Weil’s fully integrated global platform allows Weil to marshal resources very quickly to provide sound, strategic, commercial, and legal solutions to clients in time-sensitive situations. Weil’s work on some of the most notable restructurings of recent times – including General Motors, Parmalat SpA, Lehman Brothers, Kaupthing Bank, and more recently, American Airlines and MF Global – demonstrates Weil’s ability to coordinate a diverse team of lawyers across the United States, Europe, and Asia to provide clients with innovative, bespoke solutions to complex cross-border restructurings.

Broad-Based Experience Advising a Range of Clients

Unlike most other large firms, Weil’s broad-based experience also includes numerous creditor representations, representations of purchasers and sellers of distressed assets, and substantial litigation.

Weil’s strengths also lie in Weil’s ability to innovate. Weil works collaboratively with clients to develop and implement novel restructuring solutions and products that are tailor-made for the different groups Weil works with: banks, private equity funds, hedge funds, corporations, boards of directors, and insolvency practitioners.

Comprehensive Scope of Experience

Weil’s experience across multiple industries is unparalleled and spans every critical area of finance and restructuring, including exchange offers, debt for equity swaps, prepackaged and prearranged chapter 11 cases, “conventional” chapter 11 cases, and international insolvencies.

Weil does not believe in a one-size fits all approach. Weil's advice ensures that clients address the complex issues associated with restructuring in the most strategic and beneficial manner possible.  Major restructurings transcend almost all legal disciplines (including bankruptcy/creditors’ rights, tax, financing, securities laws, antitrust, and other regulatory approvals). Weil seamlessly coordinates with specialists across the Firm to provide clients with comprehensive solutions to complex transactions.

Debtor Representations

Weil is uniquely prepared to represent debtors regardless of their size and complexity both in the United States and abroad because of Weil’s tremendous depth of experience.  Weil’s restructuring attorneys work hand in hand with Weil’s PE, M&A, tax, finance, and other attorneys who have expertise in the restructuring area.   During the most recent financial crisis, Weil reaffirmed its preeminence in the restructuring sector by concurrently managing numerous large-scale and complex cases, including advising Lehman Brothers, General Motors, General Growth Properties, Washington Mutual, American Airlines, and the administrators of MF Global.  During the financial crisis of the early 2000s, Weil represented the largest and most complex debtors of the time, including Enron, WorldCom/MCI, and Global Crossing.

Creditor and Investor Representations

Weil has extensive experience in the bankruptcy arena representing all types of creditors and investors. Whether it be secured lenders, unsecured creditors, official committees of creditors, ad hoc groups of creditors, or other parties in interest, Weil maximizes creditor value by developing customized strategies to meet client goals.

Financial Sponsor Transactions

Weil’s vast restructuring experience lends itself to the area of private equity-related transactions, including refinancings and recapitalizations.  Weil’s private equity platform is paramount.  Attorneys in both the Business Finance & Restructuring and Private Equity practice groups seamlessly work together on behalf of private equity firms and portfolio companies and are regularly involved in some of the largest, high-profile and complex private equity transactions.

Out-of-Court Restructurings/Prepackaged and Prearranged Chapter 11 Cases

Weil’s mastery of the restructuring field extends to out-of-court restructurings as well as prepackaged or prearranged chapter 11 cases, which Weil pioneered.  Weil’s approach is to achieve an expeditious and economical restructuring that maximizes value for stakeholders with minimal dislocation to business operations, employees, and customer and vendor relationships.

Chapter 9 Municipal Bankruptcy Representations

Cases under chapter 9 of the Bankruptcy Code, i.e., municipal bankruptcy cases, are becoming increasingly prevalent.  Weil has had significant engagements in this area, including representing major creditors in the chapter 9 cases of the City of Detroit, the City of San Bernardino, and the City of Stockton.

Cross-Border Bankruptcy and Restructuring

Weil provides a fully-integrated and international service in cross-border matters incorporating cutting edge advice on jurisdictional forum as well as strategic issues and has spearheaded numerous cross-border restructurings involving multiple laws and jurisdictions. Weil’s international reach has become increasingly important as global entities in financial distress require critical strategies to protect assets and operations outside of the United States.

Living Wills

Many of the largest global financial institutions have turned to Weil for advice on establishing resolution plans, commonly referred to as “living wills,” which are required of systemically important financial institutions pursuant to the Dodd-Frank Act.  Weil’s experience in representing the largest distressed financial institutions during the recent financial crisis is invaluable for establishing a plan for a rapid and orderly resolution in the event of material financial distress or failure of a systemically important financial institution.

Distressed M&A

Weil is uniquely situated to deliver unparalleled expertise in connection with the sale or acquisition of distressed companies whether in-court or out-of-court.  Weil has extensive experience in distressed buyouts, chapter 11 plan sponsorships, and sales under section 363(b) of the Bankruptcy Code.

Bankruptcy Litigation

Weil’s bankruptcy litigators have done it all and in the most challenging cases. From adversary proceedings and asset sales to plan confirmation and appeals, Weil’s bankruptcy litigators can handle any litigation matter in any bankruptcy context. Whether it is a complex litigation in a high-stakes U.S. or cross-border bankruptcy, an MDL involving a debtor, or advice and strategic problem solving, Weil knows its way around the bankruptcy and appellate courts and bankruptcy litigation issues.

Key Contacts

Gary Holtzer

Gary T. Holtzer


New York

Ray Schrock

Ray C. Schrock, P.C.


New York

See list of lawyers globally

Shortcut Links

The Weil Bankruptcy Blog contains developments on the restructuring world from our Business Finance & Restructuring team. The Bankruptcy Blog's comprehensive analysis is widely respected in the industry, and was the only bankruptcy-related blog to be included in the 6th Annual ABA listing of the top 100 legal blogs. The European Restructuring Watch presents views from Weil's European teams.

For me the best team in the market continues to be Weil – for bigger cases, liquidations and complex debt structures I would go to them."

Chambers Global

They have an appreciation of what's current in the restructuring market and are very switched-on.”

Chambers Global

Weil was ranked Tier 1 in “Restructuring and Insolvency” in the U.S. for the past seven consecutive years


Ray Schrock Named 2015 MVP


Founded in 1969, Weil's business finance and restructuring group has achieved considerable success — 2014 marks its fifth consecutive appearance on Law360's list — and shows no signs of slowing down.”

Law360 Restructuring Group of the Year

Weil was named Restructuring Group of the Year for the past six consecutive years


Weil’s Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law Named National Tier 1

U.S. News – Best Lawyers “Best Law Firms” Survey

Restructuring Team of the Year

Legal Business Awards

Global Restructuring Law Firm of the Year

Turnaround Atlas Awards

It is a testament to the bankruptcy team’s skill that they manage to help even companies with bankruptcy proceedings of record-breaking size and complexity to move on from problems as quickly as possible."


Chambers & Partners noted that Weil is “one of the few teams to undertake insolvency and restructuring work for both creditors and debtors.”

The team is excellent: Responsive, accessible and thoughtful.”

Chambers USA

A treasure chest of talent.”

Chambers USA

Their restructuring group is excellent; they are one of the few firms that can handle a large, complex bankruptcy.”

Chambers USA

Restructuring Team of the Year

Legal Business Awards, 2016

Awards and Recognition, Speaking Engagements, Latest Thinking, Firm News & Announcements

Awards and Recognition

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