Karol K. Denniston has joined Schiff Hardin LLP as a partner in the Restructuring, Bankruptcy and Creditors’ Rights Group from Brownstein Hyatt Farber Schreck in Los Angeles.

Ms. Denniston has provided bankruptcy analysis and counsel to clients for more than 20 years. Currently, her practice is focused on municipal restructurings, including neutral evaluation designed to eliminate the need for a Chapter 9 filing or make a Chapter 9 filing more efficient. 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.

Ms. Denniston appreciates the need to implement timely and cost-effective structures to resolve troubled transactions, and has a strong interest in alternative dispute resolution. She is an experienced mediator and arbitrator, and on behalf of clients has utilized all forms of alternative dispute resolution to resolve matters arising in distressed multinational transactions. Ms. Denniston lectures frequently on distressed debt trading and on the use of ADR to resolve distressed commercial transactions and disputes arising in bankruptcy proceedings, as well as international insolvency and reorganization proceedings.

Ms. Denniston graduated from West Virginia University College of Law (J.D., 1985), West Virginia University (M.A., Education, with honors, 1982) and Concord College (B.A., English and Speech Communication, cum laude, 1980).

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