Doug Mannal

Doug is a partner in the Business Restructuring + Insolvency Group, based in the New York office.

Doug’s practice focuses on representing clients in chapter 11 bankruptcy cases, out-of-court restructurings, and other distressed situations. His clients include official creditors’ committees, ad hoc creditor groups, and individual asset managers, as well as corporate borrowers.

On behalf of creditors, Doug implements strategies focused on maximizing creditor recoveries and he has significant experience proposing and confirming plans of reorganization; investigating and prosecuting various estate causes of action; negotiating intercreditor disputes; crafting cash collateral orders, debtor-in-possession/exit financing packages, and creditor-sponsored equity rights offerings; challenging confirmation of nonconsensual chapter 11 plans; terminating exclusivity; participating in 363 sales; and implementing and defending against coercive liability management transactions. On the company side, Doug counsels borrowers navigating the complex legal, financial, and operational issues that arise in distressed situations, implementing both in- and out-of-court restructurings aimed at preserving value.