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Megan M. Preusker

Member

[email protected]

+1.312.252.9755

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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, 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.

Education

  • John Marshall Law School (JD, summa cum laude)
  • University of Illinois (BA, magna cum laude)

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 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.

Recognition & Awards

  • Best Lawyers: Ones to Watch, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2021)

Involvement

  • Volunteer judge, Chicago Urban Debate League
  • Team coach, Duberstein Bankruptcy Moot Court Competition, John Marshall Law School

Recent Insights

News & Press

News & Press

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The Bond Buyer featured the arrival of seasoned restructuring lawyers Nathan Coco and Megan Preusker as Members in Mintz’s Bankruptcy & Restructuring Practice. The article detailed some of Mr. Coco and Ms. Preusker’s high-profile and recent client representations, as well as an overview of their respective practices. The article also quoted Mintz Managing Member Bob Bodian on Mr. Coco and Ms. Presuker’s reputation and quality of work.
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The Deal’s “Deal Doctors” column highlighted the arrival of seasoned restructuring lawyers Nathan Coco and Megan Preusker as Members in Mintz’s Bankruptcy & Restructuring Practice. The column detailed some of Mr. Coco and Ms. Preusker’s high-profile and recent client representations, as well as an overview of their respective practices.
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Reuters featured the arrival of seasoned restructuring lawyers Nathan F. Coco and Megan M. Preusker as Members in Mintz’s Bankruptcy & Restructuring Practice. In the article, Mr. Coco reflected on his and Ms. Presuker’s move to Mintz and how they plan to integrate their practices with the firm's New York office. Additionally, the article highlighted the arrival of Jason S. McCaffrey as a Member in Mintz’s Corporate Practice in Boston.