December 19, 2016
Business Finance & Restructuring Department Co-Chair Ray Schrock has been named an “Outstanding Restructuring Lawyer” in a 2016 special report by Turnarounds & Workouts. The report features 12 lawyers throughout the United States who have worked on the year’s most prominent bankruptcies and restructurings.
Mr. Schrock was commended for his representation of Aéropostale in a first-of-kind transaction in which a retailer was reorganized by vertically integrating its retail enterprise through its landlords and separating the company through an intellectual property company. The deal now serves as a “roadmap for other distressed retailers.” Mr. Schrock also spearheaded Fairway Group Holdings’ pre-packaged chapter 11 cases and the reorganizations of four major energy companies. His continued stewardship of A&P’s landmark bankruptcy was also noted in the report.
Turnarounds & Workouts is a monthly newsletter published by Beard Group, Inc. for professionals tracking distressed businesses in the United States and Canada. The full list of award winners can be found in the December 2016 issue.