A Survival Guide for Middle Market Restructuring Professionals
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A Survival Guide for Middle Market Restructuring Professionals
By David Agay, Managing Member & Shara Cornell, Associate, McDonald Hopkins
In the past, when companies in distress turned to restructuring professionals, those professionals often had a one-size-fits-all solution: Chapter 11 bankruptcy. However, as the cost and complexity of Chapter 11 have increased, so has the risk that filing a company for an unplanned Chapter...
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Shara C. Cornell is an associate in McDonald Hopkins’ Business Restructuring Services Department in Chicago. She has six years of experience representing secured and unsecured creditors in restructuring and bankruptcy proceedings, including large Chapter 11s. Cornell served as staff law clerk and law clerk to the Hon. LaShonda A. Hunt and Chief Judge Bruce W. Black (ret.) in U.S. Bankruptcy Court, Northern District of Illinois, and as law clerk for U.S. Bankruptcy Judge Robert G. Mayer (ret.), Eastern District of Virginia.
David A. Agay is managing member of the McDonald Hopkins’ Chicago office and a member of the firm’s Board of Directors, and he leads the Business Restructuring Services Group in Chicago. He represents public and private companies, strategic and financial investors, directors, officers, lenders, committees, and shareholders in a variety of distress and nondistress engagements. Agay regularly counsels clients in financing and M&A transactions; Chapter 11 and 7 bankruptcies; cross-border matters; out-of-court exchanges and balance sheet restructurings; and other corporate reorganization and insolvency proceedings.
