Bankruptcy, Insolvency & Financial Restructuring

Business Bankruptcy and Corporate Debt Restructuring Expertise

McDonald Carano’s Nevada business bankruptcy attorneys represent debtors, creditors’ committees, secured and unsecured creditors, lenders, investors, and indenture trustees in reorganization and liquidation bankruptcies. We also represent troubled companies, boards of directors, management, and owners. Our team has been recognized for many awards, including recognition in Super Lawyers Magazine, Vegas Inc./Las Vegas Weekly, and Nevada Business Magazine. In addition to expertise in corporate debt restructuring, our Nevada bankruptcy lawyers also advise clients seeking to purchase assets from insolvent entities whether in or out of bankruptcy; and we negotiate and supervise out-of-court, informal workouts and debt structures.

Our business bankruptcy attorneys advise clients from the time they begin evaluating alternatives and begin pre-petition planning through to final plans for reorganization. We analyze and execute workout alternatives outside of bankruptcy court proceedings by shaping the solution to fit the problem. Because bankruptcy is not always the best choice for clients in financial distress, we also advise on the complete array of alternatives, including the assignment for the benefit of creditors, renegotiating bank loans and covenants, revising debt instruments, working out payment plans with vendors, corporate debt restructuring, or rightsizing the client’s business.

The firm also represents creditors’ committees, equity holders, and individual creditors and lenders in the protection of their rights and assets in out-of-court restructurings and Chapter 11 reorganizations. Our multidimensional understanding of the challenges that can arise in these situations allows us to consistently deliver the practical guidance most likely to safeguard our client’s interests. We also negotiate cash collateral agreements, re-document loans and obtain relief from stay, guide corporate debt restructuring, and aggressively pursue default debtors in liquidation and reorganization cases. We advise both buyers and sellers of assets in bankruptcies and reorganizations, and we prosecute and defend preference and fraudulent transfer actions, and other litigation arising in bankruptcy cases.

Our attorneys have served as law clerks for judges at the Bankruptcy Court for the District of Nevada.

Our experience includes:

• Adversary litigation.
• Asset acquisitions and dispositions.
• Assignment for the benefit of creditors.
• Avoidance actions.
• Cash collateral agreements.
• Corporate reorganizations.
• Creditors’ Committee representation.
• Debt collection and recovery.
• Debt restructurings.
• Foreclosures.
• Lender liability.
• Out-of-court workouts.
• Secured creditor representation.

Practice Area News

Outlook and Priorities for 2023

In December 2022, Of Counsel, the legal profession publication known as The Legal Practice and Management Report, published its annual end-of-year issue in which law firm leaders across the U.S….

Best Lawyers in America Recognized 10 Women Lawyers from 8 Practice Groups

McDonald Carano proudly announces that 10 women lawyers from eight Practice Groups in our Reno and Las Vegas offices have been recognized in the 2023 edition of Best Lawyers in America….

Congratulating Ryan Works on 15 Consecutive Years of Awards and Recognitions!

McDonald Carano congratulates Ryan Works on 15 consecutive years of receiving awards and recognitions from numerous legal profession publications and ranking organizations!  Ryan is Chair of our Bankruptcy, Insolvency &…

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