Carollynn H.G. Callari has more than 15 years of experience in sophisticated business reorganization and restructuring matters, working across the full spectrum of Chapter 11 cases as well as counseling parties in workouts and restructuring matters conducted outside of judicial settings, and general commercial transactions.

Ms. Callari is a general corporate advisor to her clients. She has represented debtors in a number of large bankruptcy cases including retailers, such as The Hechinger Company, Frank's Nursery & Crafts, Petrie Retail, Inc., and Winkelman's and manufacturers such as Werner Holding Co (DE) Inc. In representing energy provider PG&E National Energy Group, she helped direct prepetition negotiations with creditors representing more than $2 billion in debt to facilitate the debtor filing bankruptcy with a prenegotiated plan. She also was instrumental in the prepetition and postpetition sale processes of telecommunications company XO Communications, Inc., which resulted in competing offers and entry into an $800 million investment agreement.

She represents private equity groups in connection with investments in distressed companies. Recently, she represented a purchaser in a $365 million bankruptcy acquisition.

Ms. Callari has handled numerous auctions involving the disposition of fee owned properties and more than 500 real property leases.

She has managed the claims objection and reconciliation process for thousands of claims.

Ms. Callari has represented REITs in connection with workouts and bankruptcy strategies.

She represents financial institutions in Chapter 11 cases, including a foreign bank in the Lehman Brothers Chapter 11 case.

She advises lenders, including mezzanine lenders, in connection with distressed loans.

She advises multi-million dollar corporations in connection with strategic corporate planning and business transactions.

Ms. Callari also has represented investors and creditors (including secured lenders, trade creditors, landlords, indenture trustees, ad hoc committees and other interested parties) in Chapter 11 cases, such as Extended Stay Inc., General Growth Properties, Lehman Brothers Holdings Inc., US Mortgage Corp., Global Crossing Ltd., Teleglobe Communications Corporations, Worldwide Direct Inc., Alliant Protection Services Inc., Access Cardiosystems Inc., A&P and Borders Inc.

Activities