John McDonald Featured in Articles on Financial Restructuring

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February 1, 2010

Briggs and Morgan shareholder John R. McDonald speaks to the ins and outs of financial restructuring in two recent articles. In Twin Cities Business Magazine’s “Working it Out,” John and others explain how distressed companies are using turnaround lawyers to their advantage. Touching on both creditors’ and debtors’ needs, the article lays out the obstacles of bankruptcy and the value of developing an early strategy. 

And in “How to Protect Your Assets in a Looming Foreclosure,” John covers key steps that lenders should take when an asset’s value declines. Co-authored with Welsh LLC’s Ted Jokerst, the article was featured in a recent issue of the Bank Holding Company Association Newsletter. View full article here.

A member of the firm’s Financial Institutions and Real Estate Section, John chairs its Bankruptcy and Financial Restructuring Practice Group and has extensive experience in bankruptcy, workout and creditors’ rights; distressed transactions; and business and financial litigation. He has represented virtually all types of interested parties in large Chapter 11 bankruptcies and workouts across the country, including secured and unsecured creditors, real estate and equipment lessors, insurers, creditors and equity committees, trustees, business debtors, boards of directors, post-confirmation entities and other interested parties. He is a founding board member of the Turnaround Management Association’s Upper Midwest Chapter, as well as a member of the American Bankruptcy Institute and the Minnesota State Bar Association’s Bankruptcy Section.

For a PDF of this article, click here.