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.

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  • 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

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  • Best Lawyers: Ones to Watch 2021, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law


  • Chicago Urban Debate League, volunteer judge
  • Duberstein Bankruptcy Moot Court Competition, John Marshall Law School, team coach


John Marshall Law School, JD, summa cum laude, 2012
University of Illinois at Chicago, BA, magna cum laude, 2008


US District Court for the Northern District of Illinois
US District Court for the Eastern District of Michigan

Megan M. Preusker

Insights & Events / Media

The Bankruptcy Strategist (Law Journal Newsletters) / July 1, 2015