One Renaissance Square
Two North Central Avenue
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, 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 healthcare 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 DIP 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 healthcare lender in a variety of multi-borrower, multi-creditor, multi-jurisdiction distressed healthcare 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; senior, subordinated and mezzanine loans.
Education and Honors
- Indiana University School of Law (J.D.)
- Indiana University (M.A.)
- DePauw University (B.A.)
Peer Review Rated.
Professional and Civic Activities
American Bar Association (Member, Business Bankruptcy Committee; Former vice-chair of the Program and Publications Subcommittee, 2000).
Ms. Welsh has chaired several national programs presented by the Business Bankruptcy Committee of the American Bar Association.
Author, “Revised UCC Article 9 Secured Transactions,” 2000, Recent UCC Developments: What Arizona Practitioners Need to Know, National Business Institute, Inc.
Contributing Author, ABI’s “Cracking the Code” Online Newsletter, 1996-98.
“UCC Update – Article 5,” 1994, Commercial Practice Institute, Minnesota Institute Legal Education.
“Financing for Chapter 11 Debtor-In-Possession Companies,” 1993, Commercial Practice Institute, Minnesota Institute Legal Education.
“Cash Collateral Financing,” 1993, Bankruptcy Institute, Minnesota Continuing Legal Education.
“Security Interests and Priority Issues Under Article 9,” 1992, Mortgage Foreclosure in Minnesota, National Business Institute, Inc.
Contributing Author, Ginsberg’s Bankruptcy Text, Statutes and Rules 1990-91 Supplements (Prentice Hall).