By Rick Archer (January 31, 2022, 2:03 PM EST) â Milbank LLP led creditors through the bankruptcies of retailers JCPenney and Guitar Center, helped Garrett Motions shareholders craft that company’s Chapter 11 plan, and secured $2 billion in bankruptcy financing for Colombian airline Avianca, earning it a spot among Law360’s 2021 Bankruptcy Groups of the Year.
Milbank closed out 2020 representing Guitar Center in the confirmation of its $1.4 billion Chapter 11 plan and holders of $2 billion of JCPenney’s senior debt as its restructuring plan was confirmed.
The head of the financial restructuring group, Dennis Dunne, said the JCPenney plan – which involved the unprecedented movement in retail…
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