Most of KTBS' debtor and creditor representations never lead to chapter 11 or become a matter of public record, but rather are successfully resolved on a confidential, out-of-court basis. KTBS' intimate familiarity with the chapter 11 process--the drawbacks, the benefits, and the likely outcomes--makes KTBS uniquely suited to evaluate, structure, and implement out-of-court solutions. Over the last decade, KTBS has structured numerous successful out-of-court resolutions using a variety of strategies, including debt issuances and exchanges, credit facility amendments, inter-creditor first and second lien agreements, "Dutch auctions" for senior and junior debt positions, recapitalizations, and asset sale transactions. These transactions have occurred in a variety of industries, including agricultural, energy, entertainment, gaming, hospitality, health care, manufacturing, real estate, retail, service and technology industries. KTBS has developed a wide reputation in the legal and financial community for successfully structuring and accomplishing these out-of-court transactions, which avoid the cost, delay, and risk inherent in chapter 11 filings.

Recent News

KTBS in the News  |  Aug 2022

Case Alert: In re Aearo Technologies LLC

On August 26, 2022, the United States Bankruptcy Court for the Southern District of Indiana issued an opinion after a three-day evidentiary hearing in the In re Aearo Technologies LLC chapter 11 case denying the Aearo debtors’ request for a preliminary injunction to protect their solvent, non-debtor parent 3M Company.…

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Publications  |  Jun 2022

Chambers USA Rankings

KTBS and its attorneys have once again been highly ranked by Chambers USA, which annually researches and ranks the leading firms and lawyers in an extensive range of practice areas throughout the United States. As it has for many years, KTBS ranks among the top law firms in the Bankruptcy…

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Practices