Celebrating 75 Years of Serving Nevada’s Legal, Business, Government, and Civic Communities

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, equity holders, lenders, investors, and trustees involved in Chapter 7 liquidation and Chapter 11 liquidation/reorganization bankruptcies. We also represent troubled companies, boards of directors, management, and owners. Our Nevada bankruptcy lawyers also advise on purchasing and selling assets from insolvent entities as well as guiding out-of-court workouts and corporate debt restructurings.

Our business bankruptcy attorneys advise clients from the time they start evaluating alternatives and begin pre-petition planning through to final plans for reorganization. We also 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 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. We also negotiate cash collateral agreements and re-document loans and obtain relief from stay. 

The litigation attorneys in our bankruptcy practice have experience litigating (both prosecuting and defending) the full range of contested and adversary matters including fraudulent conveyances and other preferences, foreclosure proceedings, stay and cash collateral proceedings, default debtors, breach of fiduciary duty claims, turnover actions, contested auctions and sale hearings, and post-emergence litigation. Our attorneys have served as law clerks and externs for judges in the Bankruptcy Court for the District of Nevada.

Our team has been recognized for many awards, including recognition in Super Lawyers MagazineVegas Inc./Las Vegas Weekly, and Nevada Business Magazine. The practice group is ranked in the highest Tier 1 category in the Best Law Firms report published by U.S. News–Best Lawyers and numerous attorneys in the group have received Lawyer of the Year recognition in The Best Lawyers in America.

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

Best Lawyers in America Recognized 12 Women Lawyers from 9 Practice Groups

McDonald Carano proudly announces that 12 women lawyers from nine Practice Groups in our Reno and Las Vegas offices have been recognized in the 2024 edition of Best Lawyers in…

McDonald Carano Receives 19 “Tier 1” Practice Group Awards in Best Law Firms® 2024

Tier 1 Practice Groups McDonald Carano proudly announces that 19 areas of expertise in our Reno and Las Vegas offices received the highest “Tier 1” ranking in the 2024 edition of…

Reno Office Receives 17 “Tier 1” Practice Group Rankings in Best Law Firms® 2024

McDonald Carano proudly announces that 17 areas of expertise in our Reno office achieved the highest Tier 1 ranking in the 2024 edition of Best Law Firms®. Best Law Firms rankings…

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