Bankruptcy & Restructuring


Morris Nichols has one of the leading business reorganization and restructuring practices in the nation.

At the center of many of the most important bankruptcy matters in Delaware and the United States, we offer clients unmatched guidance on how to navigate the Delaware courts, as well as a multidisciplinary approach steeped in a deep understanding of Delaware business and bankruptcy law - one that leverages the capabilities of our corporate litigation, intellectual property, real estate, and corporate and commercial counseling practices to provide insights on interrelated legal and business issues.

Recognized for their “complete mastery of the Delaware bankruptcy scene” (Chambers USA 2018), our lawyers craft highly effective solutions in countless insolvency-related matters, including chapter 11 reorganization and sale cases, non-judicial loan restructurings, chapter 7 liquidation cases and the acquisition of assets from distressed borrowers in and out of court. Our experience includes handling many of the most complex cross-border distressed, restructuring, and insolvency matters brought to Delaware in recent years. 

We serve as lead or co-counsel for:

  • publicly traded and privately held debtors in possession:
  • official creditors’ committees;
  • bondholders’ committees;
  • secured and unsecured creditors;
  • pre and post-petition lenders;
  • equity holders;
  • purchasers of assets;
  • and a variety of other parties-in-interest, including institutional and strategic purchasers of assets in distressed out-of-court M&A transactions

And we represent clients across a wide range of industries, including:

  • alternative energy;
  • oil and gas;
  • entertainment;
  • pharmaceuticals;
  • finance;
  • publishing;
  • food and beverage;
  • real estate;
  • health care;
  • retail;
  • insurance;
  • technology;
  • manufacturing;
  • and transportation.
  • natural resources;

Morris Nichols also represents banks and other financial institutions in secured and unsecured transactions involving debtor in possession financing, asset-based lending, secured transactions, real estate finance, subordinated debt financing, out-of-court restructurings and workouts.


  • Ranked as a Band 1 firm by Chambers USA for Delaware Bankruptcy/Restructuring for more than a decade.
  • Majority of Morris Nichols business reorganization and restructuring partners are ranked by Chambers USA.
  • Recognized as a Delaware Powerhouse in Law360’s annual Regional Powerhouse series 2018-2019, 2021.
  • Rated among the world’s leading restructuring and insolvency practices by Global Restructuring Review’s GRR 100 2018-2019.
  • Consistently listed among the top 30 firms nationally on The Deal Bankruptcy Law Firms Power Rankings.
  • Ranked as a leading Delaware restructuring and insolvency law firm in IFLR United States 2018-2021.
  • Selected as a “Best Law Firm” in U.S. News & World Report/Best Lawyers for bankruptcy litigation as well as Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law.
  • Recognized at the 2021 M&A Advisor Turnaround Awards for Restructuring of the Year ($100MM to $500MM).
  • Recognized at the 2018 M&A Advisor Turnaround Awards for Industrials Deal of the Year (Over $100MM).
  • Recognized at the 2017 M&A Advisor Turnaround Awards for Chapter 11 Reorganization of the Year ($10MM to $25MM).
  • Recognized at the 2017 M&A Advisor Turnaround Awards for Energy Deal of the Year (Over $100MM to $500MM).
  • Recipient of the Turnaround Management Association’s 2012 Turnaround of the Year Award. 



Practice Contact

Litigation Suite

The Morris Nichols Litigation Suite for visiting counsel features over 4,000+ sq. ft. of state-of- the-art technology. Your legal team will benefit from both individual offices that provide comfortable space for confidential matters as well as over-sized multi-purpose rooms which afford a collaborative war-room environment when necessary. MORE

Chambers Ranks Morris Nichols Tier 1 for Bankruptcy/Restructuring Department

Chambers USA calls Morris Nichols' Bankruptcy practice a "standout business reorganization and restructuring team that has significant experience in both lead and co-counsel roles. Possesses a deep bench of lawyers well versed in handling Chapter 11 cases for numerous stakeholders including debtors, creditors and acquirers."

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