Central to our representation is that we work with key players on all sides of restructuring transactions.

Turnaround / Restructuring

Doerner lawyers have the experience, know-how and abilities to assist clients with restructuring or turnaround when their businesses are at financial risk because of unexpected losses, unprofitable projects or a declining market. Our track record with successful corporate and business turnaround, restructuring or workout strategies is exceptional, as we work with the client, lenders and turnaround consultants to preserve business relationships and keep companies viable. 

In addition to helping corporate clients through turnaround situations, we assist financial institutions and other lenders in loss recovery through workouts and pursuit of collateralized assets. We also advise and represent turnaround and accounting firms in defense of professional negligence claims or litigation, and protect their interests when they work with at-risk businesses, by arming them with necessary legal protections in their role as architects of business restructuring and turnaround plans. 

Central to our representation is that we work with key players on all sides of restructuring transactions:  distressed businesses and their directors and shareholders, financial institutions and lenders, turnaround practitioners, and other key stakeholders and creditors.  We are committed to providing them with the highest-quality legal representation in the most efficient manner possible, reflecting our practical knowledge of each party’s business objectives in a turnaround situation. Our goal is always to assist our clients, improve returns for stakeholders, and avoid formal insolvency or bankruptcy whenever possible.

Top Areas of Focus

  • Debt rescheduling/refinancing
  • Debt and equity restructuring
  • Reorganization (in-court or out-of-court)
  • Turnaround consulting and defense
  • Debt moratoria or standstill agreements
  • Covenant waivers
  • Lender exit strategies
  • Improved security packages for lenders
  • Disposal of failing business units
  • Dealing with pension deficits
  • Renegotiation of contracts and leases

Key Contacts

Partner
P: 918.591.5215
F: 918.925.5215
Partner
P: 918.591.5250
F: 918.925.5250

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Lewis C. Carter

Lewis N. Carter, Attorney

Lewis has represented a wide range of clients in general and commercial litigation, as well as employment, healthcare and ERISA litigation, and securities arbitration.

 

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