Top 10 Illinois Bankruptcy/Restructuring Lawyers Influencing 2023 Business Landscape

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Bankruptcy and restructuring is an intricate field of law that requires a special balance of legal knowledge, commercial awareness and excellent negotiation skills. Illinois is home to many formidable attorneys in this field, each bringing a unique approach and breadth of experience to the table. From advising on Chapter 11 and Chapter 7 cases, to crafting innovative out-of-court restructurings and leading key negotiations in high-stake litigations, these ten illustrious lawyers have been commended for their prowess. Here’s a look at some of the top bankruptcy and restructuring lawyers in Illinois:

1. Michael M Eidelman

Firm: Vedder Price PC

Expertly managing issues around Chapter 11 and Chapter 7 cases, Michael Eidelman stands as an advisor for trustees and lenders. Eidelman has a reputation for being both innovative and aggressive in his approach—which has earned him the title, “A wonderful creditor attorney,” and led others to describe him as, “A mover and a shaker.”

2. Ron E Meisler

Firm: Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates

Ron Meisler is celebrated for his expertise in Chapter 11 proceedings, insolvencies, and amendments to debt facilities. He often collaborates with financial institutions and is appreciated by his peers for being “excellent and highly respected,” as well as “thoughtful, commercial, and creative.”

3. Angela Allen

Firm: Jenner & Block LLP

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Serving a diverse range of clients, Angela Allen handles a variety of matters including restructurings and related litigation. Her quick-witted approach has been acknowledged by her peers, with one noting “She is really sharp, quick, thorough and a formidable opponent.”

4. Jason DeJonker

Firm: Bryan Cave Leighton Paisner LLP

With an emphasis on Chapter 11 proceedings and workouts, Jason DeJonker routinely supports clients in the real estate and sports sectors, making him a well-rounded bankruptcy attorney.

5. Michael Small

Firm: Foley & Lardner LLP

An experienced restructuring attorney, Michael Small is known for his work with financial institutions, trustees, and debtors. He’s been described as an “excellent lawyer who is very commercial and a great advocate for clients.”

6. Paul V. Possinger

Firm: Proskauer Rose LLP

Specializing in corporate reorganization, creditors’ rights and bankruptcy, Paul Possinger’s peers appreciate him for his expertise and determination in this field. One even noted, “He is a talented and tireless attorney who is also very knowledgeable.”

7. George N Panagakis

Firm: Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates

George Panagakis leverages his expertise for the benefit of both debtors and creditors. He has been commended for his work in restructuring matters, including out-of-court restructurings and litigation proceedings, and for being a “very smart debtor-side attorney.”

8. Daniel A Zazove

Firm: Perkins Coie LLP

Daniel Zazove consistently works with a variety of clients: creditors, trustees, and debtors, on bankruptcy proceedings. He is specifically active in Chapter 11 cases with reviews describing him as a “very smart bankruptcy attorney.”

9. Keith J Shapiro

Firm: Greenberg Traurig, LLP

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Keith Shapiro is known for his expertise in cross-border bankruptcies and workouts. Praised by one reviewer as “One of the most prominent attorneys for bankruptcy,” he specifically thrives when acting for creditors in Chapter 11 proceedings.

10. Christopher L Dickerson

Firm: Paul Hastings LLP

Christopher Dickerson regularly advises lenders, creditors, and investors on diverse restructuring matters. With skills in Chapter 11 cases and distressed M&A, he is known to be very “skilled, thoughtful and a joy to work with and against.”


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