Chicago
Represents debtors, creditors, lenders, investors, and other parties in complex Chapter 11 reorganizations and out-of-court restructurings
Advises clients across all stages of restructuring transactions, from workouts and negotiations to acquisitions of distressed assets
Handles prepackaged and prearranged bankruptcy cases across a range of industries including healthcare, energy, retail, and telecommunications
Speaks and publishes frequently on bankruptcy and restructuring topics
Felicia Gerber Perlman focuses her practice on complex business reorganizations, debt restructurings, and insolvency matters as one of the country’s leading restructuring lawyers.
Felicia advises debtors, creditors, lenders, investors, sellers, purchasers, and other parties-in-interest in all stages of restructuring transactions – from Chapter 11 reorganizations to out-of-court negotiations, workouts, and acquisitions. Her experience spans a broad range of industries, including healthcare, energy, retail, telecommunications, and airlines, and she has represented both debtors and creditors’ committees in some of the most significant bankruptcy cases of the past two decades.
Felicia is a frequent speaker on bankruptcy and restructuring topics and is featured in several notable publications. She is a member of the American College of Bankruptcy.
Ranked in
The Best Lawyers in America, Bankruptcy and Creditor Debtor Rights / I
Ranked in
Chambers USA, Band 1 in Bankruptcy/Restructuring
Ranked in
Legal 500 US, Recommended, Restructuring (including bankruptcy), Corpo
- Represented Wellpath Holdings, Inc. and certain of its affiliates in their chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas. Wellpath is the leading provider of healthcare to vulnerable patients in challenging clinical environments and had debt obligations of approximately $650 million as of the chapter 11 filing. The representation included a court-approved sale of Wellpath’s Recovery Solutions division for a purchase price of $395 million and the reorganization of Wellpath’s Corrections business. Wellpath filed its chapter 11 cases with a restructuring support agreement signed by 85% of its first-lien lenders and more than 80% of its second-lien lenders, through which Wellpath secured an approximately $326 million debtor-in-possession financing facility. McDermott negotiated and Wellpath issued, upon exit, a $135 million first lien takeback credit facility and $50 million equity investment from a group of first- and second-lien lenders
- Represented Quorum Health Corporation in its pre-packaged Chapter 11 cases involving the restructuring of approximately $1.5 billion of funded debt. The successful restructuring took place during the Covid-19 pandemic and ultimately resulted in the successful deleveraging of Quorum’s balance sheet by approximately $500 million. This work was awarded the Pre-Pack Restructuring of the Year – Large Markets recognition as part of Global M&A Network’s 13th Annual Turnaround Atlas Awards
- Best Lawyers in America, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Litigation – Bankruptcy, 2008-2027
- Chambers USA, Band 1 in Bankruptcy/Restructuring, 2009-2026
- Legal 500 US, Recommended, Restructuring (including bankruptcy), Corporate, 2021-2025
- Thomson Reuters, Stand-out Lawyer – independently rated lawyers, 2023-2025
- Global Restructuring Review GRR 30, Recommended, 2024-2025
- Turnarounds & Workouts, Outstanding Restructuring Lawyer, 2020, 2025
- Global Restructuring Review GRR 100, Recommended, 2023
- American College of Bankruptcy, regent, seventh circuit
- Board of Directors of Chicago Sinfonietta, member of the executive committee
- Girls Just Want to Have Funds, board member
- Northwestern Pritzker School of Law, JD
- The Wharton School of the University of Pennsylvania, BSE
- The Wharton School of the University of Pennsylvania, BA
- Illinois
- US District Court for the Northern District of Illinois
- English
