Megan’s practice focuses on complex restructuring and insolvency matters and enforcement of creditor rights and remedies. She routinely represents institutional investors and indenture trustees in distressed municipal debt matters, including corporate and municipal bankruptcies and out-of-court restructurings. Her work spans a variety of industries, with an emphasis on health care, senior living, retail, charter schools, and higher education.
In 2021 and 2022, Best Lawyers in America featured Megan on its “Ones to Watch” list, which recognizes extraordinary lawyers practicing in the United States for less than 10 years.
Prior to joining Mintz, Megan was a partner in the Chicago office of a large, international law firm. Earlier she served as a judicial clerk to the Honorable Jeff Bohm of the US Bankruptcy Court for the Southern District of Texas in Houston.
In law school, Megan was executive student publications editor of the John Marshall Law Review. She also served as a judicial extern for the Honorable Bruce W. Black of the US Bankruptcy Court for the Northern District of Illinois and as a legal extern for the US Department of Justice US Trustee Program.
Megan’s practice focuses on complex restructuring and insolvency matters and enforcement of creditor rights and remedies. She routinely represents institutional investors and indenture trustees in distressed municipal debt matters, including corporate and municipal bankruptcies and out-of-court restructurings. Her work spans a variety of industries, with an emphasis on health care, senior living, retail, charter schools, and higher education.
Experience
- Representing the master trustee on behalf of holders of $220 million in outstanding bonds in default and restructuring matters involving 17 senior living communities.
- Representing an indenture trustee on behalf of holders of $43 million in outstanding bonds in litigation and receivership proceedings involving a Texas-based senior care facility.
- Representing the master trustee in default and restructuring matters involving a fiber optic network.
- Representing the trustee in connection with default and financial and operational restructuring of an Illinois behavioral health facility.
- Representing a bond insurer in the Chapter 9 bankruptcy case of the City of Fairfield, Alabama.
- Represented the notes trustee on behalf of senior secured holders of over $160 million in revenue bonds in the Chapter 11 bankruptcy cases of Verity Health System of California, Inc. The cases involved the sales of a multi-hospital system in California and included intercreditor issues and defense of lien challenge litigation.
- 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 prepackaged Chapter 11 bankruptcy cases in Delaware. Implemented a successful restructuring of approximately $1.5 billion of funded debt, resulting in the deleveraging of Quorum’s balance sheet by approximately $500 million.
- Represented the trustee on behalf of the holders of $170 million in outstanding bonds in the Chapter 9 bankruptcy case of the City of San Bernardino, California.
- Represented an indenture trustee in connection with default by and enforcement of remedies against a university in West Virginia.
- Represented the trustee in the Chapter 11 restructuring of $45 million in outstanding revenue bonds issued by Deerfield Retirement Community, Inc.
- Represented a lender in connection with the default and restructuring of Midwest-based senior living facilities.
- Represented numerous purchasers and sellers of distressed assets in bankruptcy section 363 sales.
- Represented numerous secured lenders in connection with enforcement of rights and remedies, including litigation, receiverships, and UCC foreclosures.
viewpoints
Understanding Post-Bankruptcy Liquidation Trusts
September 10, 2024 | Blog | By Megan M. Preusker
A main goal in bankruptcy is to get in and out as quickly as possible to minimize costs. It is often the case that even though a substantial portion of a debtor’s assets have been liquidated in bankruptcy, some valuable assets will remain that can provide additional sources of recovery to creditors. These assets may include smaller pieces of real estate, accounts receivable, joint venture ownership interests, and claims and causes of action, among others.
News & Press
Member Megan Preusker co-authored an article for the American Health Law Association about distressed health care sales. The authors discuss seller and purchaser considerations in negotiating sale terms for court-approved auction processes.
Why You Should Learn the Playbook: Know the Game Plan for Distressed Acquisitions and Divestitures
August 26, 2024
Member Megan Preusker co-authored an article for the American Health Law Association (AHLA) about distressed health care sales. This article provides an overview of distressed sales as well as a brief market snapshot.
Health Status of Healthcare: Critical Condition
March 5, 2024
Mintz is pleased to announce that 120 firm attorneys have been recognized as leaders by Best Lawyers® in the 2024 edition of The Best Lawyers in America©.
Best Lawyers® recognized 108 firm attorneys in the 2023 edition of The Best Lawyers in America©. Notably, two Mintz attorneys – Poonam Patidar and Scott M. Stanton – received 2023 “Lawyer of the Year” awards, and 28 firm attorneys were included in the inaugural edition of Best Lawyers: Ones to Watch.
Mintz Adds Leading Tax Attorney Gregg Benson in New York
October 04, 2021
Deal Doctors: Coco, Preusker Move to Mintz
September 22, 2021
Mintz Nabs a Pair of Veteran Bankruptcy and Restructuring Lawyers
September 22, 2021
Mintz Plucks Partners from McDermott, Brown Rudnick
September 15, 2021
Events & Speaking
Megan’s practice focuses on complex restructuring and insolvency matters and enforcement of creditor rights and remedies. She routinely represents institutional investors and indenture trustees in distressed municipal debt matters, including corporate and municipal bankruptcies and out-of-court restructurings. Her work spans a variety of industries, with an emphasis on health care, senior living, retail, charter schools, and higher education.
Recognition & Awards
Best Lawyers: Ones to Watch, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Corporate Law (2021-2024)
Megan’s practice focuses on complex restructuring and insolvency matters and enforcement of creditor rights and remedies. She routinely represents institutional investors and indenture trustees in distressed municipal debt matters, including corporate and municipal bankruptcies and out-of-court restructurings. Her work spans a variety of industries, with an emphasis on health care, senior living, retail, charter schools, and higher education.
Involvement
- Volunteer judge, Chicago Urban Debate League
- Team coach, Duberstein Bankruptcy Moot Court Competition, John Marshall Law School
- Member, NFMA’s New Member Advancement Committee
Recent Insights
Member Megan Preusker co-authored an article for the American Health Law Association about distressed health care sales. The authors discuss seller and purchaser considerations in negotiating sale terms for court-approved auction processes.
Understanding Post-Bankruptcy Liquidation Trusts
September 10, 2024| Blog|
Member Megan Preusker co-authored an article for the American Health Law Association (AHLA) about distressed health care sales. This article provides an overview of distressed sales as well as a brief market snapshot.
