Financial Restructuring > Official Creditors’ Committees and Informal Creditor Groups

Representing official creditors’ committees and informal creditor groups is the heart of Akin Gump Strauss Hauer & Feld LLP’s financial restructuring practice—we have represented creditor groups in almost 250 major restructurings since 2000 and have been recognized by Chambers USA (2013) as “one of the country's premier creditors' committee practices.... the practice is well-placed to conduct any large-scale, complex committee proceedings.” Whether in need of counsel in chapter 11 reorganizations, liquidations or out-of-court restructurings, official creditors’ committees and informal creditor groups in the aviation, automotive, chemicals, energy, health care, manufacturing, real estate, retail and telecommunications industries continually turn to us for strategic, solutions-oriented guidance.

Our dedicated team prides itself on its ability to harmonize the interests of diverse creditor constituencies. Indenture trustees, bondholders, unions, pension funds and myriad other creditor interests involved in a large corporate restructuring all come to restructuring proceedings with their own motivations and priorities. We have successfully handled official creditors’ committee and informal creditor group issues ranging from intercreditor disputes to confirmation of nonconsensual plans to fraudulent transfer litigation. At Akin Gump, our proven ability to anticipate such issues, to perform with great objectivity, to devise creative strategies for unlocking hidden value for our clients and to bridge perceived differences between parties leads to results that maximize the recovery for all constituents represented by our official creditors’ committee and informal creditor group clients.

Representative Matters

Official Committees of Unsecured Creditors

  • the Official Committee of Unsecured Creditors of Calpine Corporation
  • the Official Committee of Unsecured Creditors of Delta Air Lines, Inc.
  • the Official Committee of Unsecured Creditors of Dynegy Holdings, LLC
  • the Official Committee of Unsecured Creditors of Edison Mission Energy
  • the Official Committee of Unsecured Creditors of Excel Maritime Carriers Ltd.
  • the Official Committee of Unsecured Creditors of Friendly Ice Cream Corp.
  • the Official Committee of Unsecured Creditors of General Growth Properties, Inc.
  • the Official Committee of Unsecured Creditors of Hawker Beechcraft, Inc.
  • the Official Committee of Unsecured Creditors of Nortel Networks Inc.
  • the Official Committee of Unsecured Creditors of Overseas Shipholding Group, Inc.
  • the Official Committee of Unsecured Creditors of Quebecor World (USA), Inc.
  • the Official Committee of Unsecured Creditors of Saint Vincent’s Catholic Medical Centers of New York
  • the Official Committee of Unsecured Creditors of Washington Mutual, Inc.
  • the Official Committee of Unsecured Creditors of WorldCom, Inc.
  • an informal group of senior noteholders of Ambac Financial Group, Inc.
  • an informal group of holders of private placement notes of American Capital, Ltd.
  • an informal group of noteholders of Aventine Renewable Energy Holdings, Inc.
  • an informal group of noteholders of Harry & David Holdings, Inc.
  • an informal group of crossover lenders of Houghton Mifflin Harcourt Publishing Company
  • an informal group of bondholders of Lazydays RV Supercenter, Inc.
  • an informal group of noteholders of Portola Packaging, Inc.
  • an informal group of noteholders of R.H. Donnelley Corp.
  • an informal group of unsecured noteholders of Visteon Corp.

Informal Creditor Groups

  • an informal group of senior noteholders of Ambac Financial Group, Inc.
  • an informal group of holders of private placement notes of American Capital, Ltd.
  • an informal group of noteholders of Aventine Renewable Energy Holdings, Inc.
  • an informal group of noteholders of Harry & David Holdings, Inc.
  • an informal group of crossover lenders of Houghton Mifflin Harcourt Publishing Company
  • an informal group of bondholders of Lazydays RV Supercenter, Inc.
  • an informal group of noteholders of Portola Packaging, Inc.
  • an informal group of noteholders of R.H. Donnelley Corp.
  • an informal group of unsecured noteholders of Visteon Corp.