Thomas C. Wolford - Neal, Gerber & Eisenberg LLP

Thomas C. Wolford

Listed in Best Lawyers since 2013
Phone: 312-269-5675

Thomas C. Wolford is a partner in the Financial Restructuring & Bankruptcy and the Finance & Lending practice groups of Neal Gerber Eisenberg. He focuses his practice on creditor’s rights, bankruptcy and commercial lending in distressed situations, and possesses more than 25 years of experience in each of those areas of practice.  Tom represents financial institutions, debtors, trade creditors, landlords, trustees and hotel managers in both formal bankruptcy proceedings and in out-of-court financings, restructurings and liquidations. He also has represented numerous purchasers and sellers of distressed businesses and real estate. His notable non-confidential representations have included major clients in the bankruptcy cases of Refco, Inc., Hartmarx Corporation, United Airlines, Circuit City Stores, Inc., Gas City, Ltd., R&M Aviation, Inc., PRD L.P., Mary Sopcic, Chiasso, Inc., Bellevue Place Associates, Integrated Resources, Inc., and numerous others.  Tom led the Firm’s Financial Restructuring & Bankruptcy practice from 2006-2009, and regularly appears before bankruptcy and appellate courts in Illinois, Indiana, Delaware and other states. He has also provided substantial amounts of services on a pro bono basis to clients requiring assistance with lending, workout and insolvency matters.

Tom is also AV Preeminent Rated (the highest possible rating) via the Martindale-Hubbell Peer Review Ratings.

Tom is a regular lecturer on insolvency-related topics and frequently serves as a panelist at conferences sponsored by the American Bankruptcy Institute and the Chicago Bar Association.

Additional Information

Represented bank lender in Chapter 11 case of owner of 11 multi-family housing complexes and related commercial retail properties.  Successfully sought conversion of case, and worked with Chapter 7 trustee to liquidate bank’s collateral on favorable terms.
  • Represented lender in complex workout negotiations with joint owners of six major real estate developments and an affiliated securities trading business. Structured, documented and implemented payment and security agreements to protect client against anticipated insolvency.
  • Represented nationally recognized provider of air ambulance and medevac services in its successful Chapter 11 reorganization.  Integrally involved in preparation of first day motions, negotiation of DIP financing terms and consensual resolution of unexpired lease issues.
  • Represented borrower in protracted and complex workout negotiations and $40 million replacement financing of affiliated hospitality and catering businesses.  Analyzed numerous intricate insolvency, tax and lien issues in structuring transaction that preserved substantial equity for stakeholders.
  • Represented an investment fund in all matters to its liquidation after suffering unanticipated losses, including fiduciary duties to creditors and equityholders and legal strategies for maximizing the fund’s value and investor recoveries.
  • University of California BerkeleyAB 1983University of California BerkeleyJ.D. 1986

    Client Comments

    "Tom takes the time to understand the issue and our point of view. He will make suggestions on how to approach a problem, offering a best and worst case option."

    -Mark Hanley
    M. Holland Company

    "The highest rating of "5" was given to Neal, Gerber & Eisenberg LLP because of Thomas C. Wolford, one of the partners in the Firm's Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Practice. Tom has not only the level of expertise expected, but his responsiveness and ability to work well with clients and opposing counsel sets him apart from other insolvency counsel I have worked with. It is for these and other comparable reasons that Tom Wolford is our first choice for referring our clients who have any bankruptcy or insolvency-related questions or matters which cannot be handled by our small, boutique corporate firm."

    -Jean Einstein
    Gordon & Einstein Ltd.

    "Tom's mastery of the law in his field of expertise, applied with his common-sense approach to tackling thorny issues, and guided by his ethical standards which are beyond reproach, produces superior results for his clients. Moreover, Tom represents his clients zealously, yet maintains civility and thus, garners respect from other lawyers. Tom is also very responsive to client needs and handles matters in a cost-effective manner."

    Office Location

    Two North LaSalle Street, Suite 1700
    Chicago, IL 60602-3801
    United States

    Practice Areas

    Litigation - Bankruptcy