“They are unbelievably good at coming into very difficult situations, and what they can accomplish there is breathtaking.” – Chambers & Partners (Bankruptcy & Restructuring)

Brown Rudnick is the firm of choice for those seeking effective and experienced counsel in the distress arena. The combination of our experience, creativity and tenacity has resulted in an impressive track record of boosting results for our clients who come back to us again and again because we effectively deliver value. Our practice is multi-disciplinary and cross-jurisdictional combining the technical experience of our lawyers with in-depth local knowledge within the business community. We are often called upon to represent those whose investments or going concern values are most at risk. Our lawyers typically succeed with strategies others either don’t imagine, won’t consider, or can’t execute.

We were one of the first firms to focus on the representation of hedge funds and other highly-sophisticated distressed debt players. Over the past 30 years, our practice has expanded to include mixed committees of public debt holders, trade creditors, and labor interests and we are particularly adept at balancing and harmonizing their unique perspectives. We also have a successful track record representing debtors, asset purchasers, examiners, mediators and proposed plan sponsors. The Firm does not typically represent money centered banks and, consequently, can zealously represent our clients without conflicts of interest.

Our experience also includes advising clients in relation to insolvent and solvent liquidations, including use of schemes as a way of effectively restructuring corporate groups; fixed charge and administrative receiverships; work-outs and restructurings of all forms of debt, structured credit and securitized assets; administrations, including finance and corporate advice during the process and options available to exit the administration; security enforcement; and corporate investigations and litigation.

From our US and European offices, we have amassed an impressive list of successful cross-border restructurings and have assisted a growing number of clients as they navigate the complexities of investing in Europe, Asia and Africa.

Representative Experience

Brown Rudnick is acting as Claims Counsel for the Financial Oversight and Management Board for Puerto Rico, through its Special Claims Committee. The firm is responsible for investigating and pursuing potential litigation claims arising out of the financial crisis of the Commonwealth of Puerto Rico and related to one of the largest municipal bankruptcies that has ever filed.

Brown Rudnick is representing the Governmental Plaintiffs Ad Hoc Committee in the Chapter 11 bankruptcy case of Mallinckrodt Pharmaceuticals, the largest generic opioid manufacturer in the United States.

Brown Rudnick represented the Official Committee of Unsecured Creditors of Chesapeake Energy, one of the largest natural gas producers in the United States. With more than USD 9 billion in funded debt, Chesapeake’s Chapter 11 case was one of the largest bankruptcies of 2020.

Brown Rudnick represented the Ad Hoc Group of Term Loan Lenders and the Term Loan Agent in the Chapter 11 cases of Pier 1 Imports, Inc., a home furnishings retailer with 923 stores in the United States and Canada.

Brown Rudnick represented an Ad Hoc Bondholders Committee of McDermott International, one of the world’s largest companies, responsible for the design, engineering, and fabrication of large infrastructure projects serving the world’s oil and gas drilling, refining, and transportation needs. After several months of reinvigorated negotiations, a global settlement was achieved yielding substantial equity ownership to the unsecured bondholders. Thereafter, a consensual plan of reorganization was confirmed.

Brown Rudnick represented the Official Creditors Committee of EXCO Resources in a Chapter 11 case which led to litigation against insider-creditors asserting complex and cutting-edge theories of avoidance, breaches of fiduciary duty, and equitable subordination. After months of judicial mediation, a favorable settlement was achieved.

Brown Rudnick represented the debtor entities in the Chapter 11 cases of the Boston Herald. The firm was able to resolve complex labor issues and reach creative settlements with the unions that resulted in significantly improved recoveries to employees and other creditors.

Bankruptcy & Corporate Restructuring Group Leaders

Pierre-Alain Bouhenic



Paris, FR


Richard Obank



London, UK


Robert J. Stark



New York, NY