Mary Ann Welsh, Partner

Biography

Mary Ann Welsh has over 25 years of Chapter 11 bankruptcy experience, with an emphasis on commercial and financial transactions, including structuring, negotiating, and restructuring complex, multi-party, commercial financial transactions outside of court and within Chapter 11 reorganizations. Ms. Welsh has a broad perspective on business reorganizations, having represented various parties, including financial institutions, equity holders, corporate creditors, creditors' committees, bondholders' committees, and insurance companies, as well as corporate debtors, in various industries, such as the healthcare, retail, trucking, hotel, communications, optical, and agricultural commodities industries – with primary focus in the health care industry including particular focus on hospitals, skilled nursing facilities (nursing homes), and assisted living centers. Her experience includes

  • Representation of major financial institution in connection with formation and initial operation of its debtor-in-possession financing unit and subsequent representation thereof nationwide in both its pre- and post-confirmation financings.
  • Representation of a securities fraud claimants' committee in a Northern District of Illinois Chapter 11 case involving in excess of $2 billion of indebtedness through confirmation of the plan, and representation post-confirmation of liquidating trust established under the plan.
  • Representation of agent bank in multi-bank $100 million credit in out-of-court workout involving multiple radio and television stations and ultimate sale thereof to a major network.
  • Representation of national health care lender in a variety of multi-borrower, multi-creditor, multi-jurisdiction distressed health care credit facilities involving complex workout and restructuring, receiverships, and operations transfers.
  • Representation of Canadian purchaser in its acquisition of nationwide chain of approximately 1,300 retail outlets through competitive bidding process in Chapter 11.
  • Representation of numerous major lending institutions in a variety of secured and unsecured lending and credit activities such as complex revolving credits; term loans; asset-based loans; multi-creditor facilities; letter of credit facilities; and senior, subordinated, and mezzanine loans.

Legal Services

Education and Honors

  • Indiana University–Maurer School of Law (J.D.)
  • Indiana University–Maurer School of Law (M.A.)
  • DePauw University (B.A.)

Bar Admissions

  • Arizona
  • Illinois
  • Minnesota
  • Indiana

Professional and Civic Activities

  • American Bar Association (Member of the Business Bankruptcy Committee; Former vice-chair of the Program and Publications Subcommittee, 2000)
  • Chair of several national programs presented by the Business Bankruptcy Committee of the American Bar Association

Professional Recognition

  • Martindale-Hubbell AV®  Peer Review Rated