Megan M. Preusker focuses her practice on restructuring and insolvency matters. Megan has experience in corporate and municipal bankruptcies, out-of-court restructurings, and secured and unsecured creditor and debtor-side representations.
Previously, Megan served as a judicial clerk to the Honorable Jeff Bohm of the US Bankruptcy Court for the Southern District of Texas in Houston. While in law school, she was a member of the Moot Court Honors Council and served as executive student publications editor of The John Marshall Law Review. In addition, Megan served as a judicial extern for the Honorable Bruce W. Black of the US Bankruptcy Court for the Northern District of Illinois. She also served as a legal extern for the US Department of Justice US Trustee Program and as a law clerk at two Chicago law firms.
Represented Quorum Health Corporation and its affiliates, the leading operators of rural, general acute care hospitals and outpatient services in the United States, in their pre-packaged Chapter 11 bankruptcy cases in Delaware. Implemented a successful restructuring of approximately USD 1.5 billion of funded debt, resulting in the deleveraging of Quorum’s balance sheet by approximately $500 million, all during the COVID-19 pandemic.
Represented an indenture trustee on behalf of holders of approximately $64 million in outstanding hospital revenue bonds in connection with the hospital’s Chapter 11 bankruptcy filing, which included negotiating a sale through the bankruptcy plan that resulted in the bondholders being paid 100 percent of par at closing
Represented a neurological monitoring company in filing for Chapter 11 bankruptcy protection in Delaware, including the sale of substantially all of its assets pursuant to Section 363 of the Bankruptcy Code
Represented an indenture trustee on behalf of holders of approximately $45 million in revenue bonds associated with a continuing care retirement facility in connection with the facility’s prepackaged Chapter 11 bankruptcy filing, resulting in the plan of reorganization being confirmed within two months of filing
Represented a wholesale distributor of grocery products in the Chapter 11 filing of its sole supplier in Delaware, including the pursuit of approximately $20 million in set off and administrative claims and the defense against threatened assertions of fraudulent conveyance claims
Represented a French company in disputing US bankruptcy court jurisdiction with respect to a Chapter 15 bankruptcy proceeding initiated by an Australian company in Delaware
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