Mark A. McDermott

Mark A. McDermott

Partner, Corporate Restructuring
Mark McDermott represents public and private businesses and their principal stakeholders in troubled company M&A, restructuring and financing transactions.


Mr. McDermott counsels clients on the bankruptcy aspects of derivatives and similar products; advises global financial institutions on Dodd-Frank and related matters; and advises officers and directors on corporate governance and fiduciary duties.

Selected representations

  • Central European Distribution Corporation, one of the world’s largest vodka producers, in the first-ever prepackaged Chapter 11 restructuring of Hungarian, Polish, Russian and Ukrainian businesses.
  • Blue Bird Bus Company, in a record-setting Chapter 11 reorganization case, with the company’s stay in bankruptcy lasting only 32 hours. 
  • Excel Maritime Carriers, Ltd., a Greek shipping business, in the Chapter 11 restructuring of its bank and bond debt.
  • Centro Properties, a REIT that owns and operates strip malls, in the first-ever, out-of-court, cross-border restructuring involving U.S. and Australian entities.
  • Vertis, Inc., in its prepackaged Chapter 11 restructuring, one of the first such restructurings that incorporated a prefiling, private rights offering.
  • Kmart Corporation in the largest retail Chapter 11 restructuring in U.S. history (other retail representations include Friedman’s Jeweler’s, Syms’/Filene’s Basement and Retail Ventures, Inc.).
  • Jackson Hewitt Tax Services, Inc. in one of the only prenegotiated Chapter 11 reorganization cases that also discharged prepetition, consumer class action litigation.
  • Spectrum Brands, Inc., in its prearranged Chapter 11 restructuring, one of the only cases involving litigation over reinstatement of prepetition debt.
  • Refco, Inc., in one of the largest securities and commodities broker liquidations and related litigations in U.S. history.
  • ResCap LLC, one of the largest mortgage lenders and servicers in the U.S., in its out-of-court refinancing and related efforts.
  • RCN Communications, in its prenegotiated Chapter 11 reorganization case that allowed its operating subsidiaries to restructure out of court.
  • Goldman Sachs as lender in the Movie Gallery Chapter 11 reorganization case, one of the only prenegotiated retail cases in history.

Mr. McDermott’s experience spans several industries, including energy, entertainment, financial institutions, health care, home building, manufacturing, printing, real estate, technology and transportation. He has worked on numerous matters that have received industry awards, has authored several articles on insolvency-related matters and has been recognized in several publications for excellence in the restructuring industry. Mr. McDermott also has been named to Best Lawyers in America.



  • J.D., Northwestern University School of Law, 1991 (cum laude)
  • B.S., Iowa State University, 1988 (Phi Beta Kappa)


  • Illinois
  • New York


  • Turnaround Management Association
  • New York City Bar Association
  • Chicago Bar Association


  • Law Clerk, Hon. Arthur A. McGiverin, Chief Justice of the Iowa Supreme Court (1991-1992)

Mark A. McDermott

Partner, Corporate Restructuring