Rachel C. Strickland is a partner in the Business Reorganization and Restructuring Department, focusing on advising distressed companies in complex chapter 11 cases and out-of-court restructurings. Rachel also advises financial and strategic investors looking to maximize recoveries or acquire a distressed target.
Rachel represents debtors in large, complex, chapter 11 cases and out of court restructurings. Clients in this area have included Broadview Networks, Inc., Rural/Metro Corporation, LandAmerica Financial Group, Inc., Journal Register Company, Ampex Corporation, International Outsourcing Services, Teksid Aluminum, Adelphia Communications, Verestar, Inc., Mosler, Inc., Hechinger Investment Company, The Multicare Companies, AMF Bowling Worldwide, and USinternetworking.
Rachel also regularly represents hedge funds and Private Equity Firms, such as Appaloosa Investment L.P., Senator Investment Group, Pardus Capital Management, Caspian Capital, Barclays Capital, Royal Bank of Scotland, Citadel Investment Group, Greywolf Capital Management, Genii Capital and Twin Haven Capital, in their capacities as investors, lenders and creditors of distressed entities. She also represents creditors and other stakeholders, investors, acquirers and lenders in chapter 11 cases and non-judicial restructuring matters. Such clients have included American Express, CMA CGM, Fortent, Inc., Space Systems Loral, AFA Polytek, Fidelity National Financial and Donald J. Trump.
Rachel is ranked as a leading Bankruptcy and Restructuring Law practitioner in New York by Chambers USA (2009-2017). She was also the subject of a 2010 article in The Deal entitled "Dynamism of Bankruptcy" and named as one of Turnarounds & Workouts magazine’s "Outstanding Young Restructuring Lawyers" in 2013, 2012, 2010 and 2006. In 2015, T&W also recognized Rachel for her lead role representing the Debtors in the precedent-setting restructuring of Momentive Performance Materials, which was featured on the publication’s listing of the most successful restructurings of 2014.