Bankruptcy & RestructurinG

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Bankruptcy and restructuring practice involves matters related to restructuring or liquidation of businesses in distress.  This can include work related to Chapter 11 and Chapter 7 filings in bankruptcy courts and representing creditors, investors, and other stakeholders in bankruptcy proceedings.  Bankruptcy and restructuring teams also often work closely with a firm’s Corporate team on mergers, acquisitions, and other transactions involving businesses in distress.

Bankruptcy and restructuring is known as a true “generalist” practice, since it involves coordinating on different subject matters related to the company in distress, and is often a combination litigation and transactional work.


Check out these short and helpful videos from Hotshot, a video-based learning platform used by top law firms and law schools.

These videos are a great way to get an overview of Bankruptcy & Restructuring practice, to determine if this practice area is right for you, and to prepare for networking calls and interviews.

These links will direct you to Hotshot’s website, where you can sign up for a free trial and access to 3 free courses. To watch more, use promo code “SAHub” to get 30% off Hotshot’s student rate (which brings the cost down to just $6 per month). Use your .edu email address to sign up, and if your school already subscribes to Hotshot you’ll automatically be added to its account!

Introduction to Corporate Restructuring

An introduction to corporate restructurings, including the differences between bankruptcy and restructuring and the factors companies consider when deciding whether and how to restructure or liquidate. Also covers the key players in a corporate restructuring on the debtor and creditor sides as well as the additional players involved in a Chapter 11 case.

Corporate Restructuring Practice

This course explains corporate restructuring work at a large law firm and what restructuring lawyers do. It covers the various factors that influence the type of work involved, such as in-court vs. out-of-court restructurings and creditor vs. debtor representation, and what restructuring teams look like.

Restructuring Options for Distressed Companies

An explanation of the different types of restructuring transactions, including in-court and out-of-court transactions and their relative advantages and disadvantages. Covers options such as traditional Chapter 11 filings, prepacks, prenegotiated cases, 363 sales, and workouts.

Overview of a Chapter 11 Case

An overview of the main stages of a Chapter 11 case, including venue and liquidity runway considerations; filing and commencement; administration; the Chapter 11 plan, disclosure statement, and solicitation process; and plan confirmation and exit from Chapter 11.


Check out these episodes from the How I Lawyer Podcast, a series by Georgetown Law professor Jonah Perlin.  

Jonah talks to attorneys throughout the professions about what they do, why they do it, and how they do it well.

This podcast series is a great way to learn directly from attorneys about what the day-to-day work is like in different practice areas. 

Rebecca Blake Chaikin,
Jackson Walker / Kirkland & Ellis

In this episode, Jonah Perlin speaks with Rebecca Blake Chaikin, a bankruptcy and restructuring partner at Jackson Walker in Houston, Texas (at the time of this interview, Rebecca was a Partner at Kirkland & Ellis in New York).

"The restructuring practice is often described as the last bastion of the generalist lawyer... Every class that I took in law school has given me not just the thinking skills, but the actual practice skills."