Bankruptcy, Insolvency & Financial Restructuring

Leadership, Creativity and Solutions

McDonald Carano represents debtors, creditors’ committees, secured and unsecured creditors, lenders, and indenture trustees in reorganization and liquidation bankruptcies. We 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 experience spans a variety of industries, including manufacturing, technology, distribution, entertainment, gaming and real estate. One member of our practice group is one of only two lawyers in Nevada to be admitted as a Fellow to the American College of Bankruptcy Attorneys, the national honorary fellowship for bankruptcy practitioners.

Our group advises 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, and 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 multi-dimensional 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, and we 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 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

McDonald Carano Awarded Recertification in Meritas,
the Leading Global Alliance of Independent Business Law Firms

McDonald Carano proudly announces earning recertification in Meritas, the leading global alliance of independent full-service business law firms. McDonald Carano joined Meritas in 1990 as a founding member and we…

Gauging the Pandemic’s Impact on Bankruptcies:
What Has, Hasn’t, and Has Yet to Happen?

Ryan Works, Chair of McDonald Carano’s Bankruptcy, Insolvency & Financial Restructuring Practice, was interviewed by Las Vegas Weekly magazine to share his experience, insights, and outlook for the impact of…

McDonald Carano Receives 17 Tier 1
Practice Group Awards
in “Best Law Firms” Report

McDonald Carano proudly announces that 17 Practice Groups in our Reno and Las Vegas offices have received the prestigious “Tier 1” ranking in the 2022 edition of the “Best Law…

You have chosen to send an email to McDonald Carano. The sending or receipt of this email and the information in it does not in itself create an attorney-client relationship. If you are not already a client, you should not provide us with information that you wish to have treated as privileged or confidential without first speaking to one of our lawyers. If you provide information before we confirm that you are a client and that we are willing and able to represent you, we may not be required to treat that information as privileged, confidential, or protected information, and we may be able to represent a party adverse to you.

I have read this and want to send an email.