Karol K. Denniston has provided bankruptcy analysis and counsel to clients for more than 20 years. Currently, her practice is focused on municipal restructurings, including working with municipalities and creditors in connection with the pre-bankruptcy neutral evaluation process and in planning for efficient and cost-effective Chapter 9 bankruptcy filings. Ms. Denniston played a key role in the drafting and passage of Assembly Bill 506 (AB 506) that requires municipalities in California to participate in a neutral evaluation process before filing for bankruptcy. In addition, Ms. Denniston provides bankruptcy advice and counsel in connection with structured finance transactions designed to manage credit and collection risk by utilizing appropriate debt and equity structures. She frequently represents parties in Chapter 11 proceedings, most recently representing the Official Creditors Committee in the Round Table Chapter 11. She frequently advises lenders and borrowers in distressed commercial real estate restructuring transactions and often advises private equity clients on bankruptcy risk and restructuring. She is an experienced mediator and arbitrator, and has utilized all forms of alternative dispute resolution on behalf of clients to resolve matters arising in distressed multinational and domestic transactions.
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