Restructuring
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Trusted Counsel to Creditors, Debtors, Boards, and Special Committees
Wilson Sonsini partners with public and private companies, boards of directors, and their committees on restructuring and insolvency issues, including financial and other restructuring transactions, while also representing asset purchasers, creditors, banks, alternative lenders, private equity firms, and other financial institutions in restructuring and bankruptcy matters.
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Experience with Sophisticated Restructuring and Insolvency Matters
Wilson Sonsini’s team has broad experience with complex bankruptcy, reorganization, and liquidation matters, including debt purchases, inter-creditor disputes, bankruptcy auctions, out-of-court workouts, and related litigation.
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Expertise Across Industries
Wilson Sonsini’s restructuring work has spanned nearly every area of the economy, with particular experience in the technology, energy, utility, construction, transportation, pharmaceutical, retail, insurance, aviation, hospitality/lodging, and manufacturing sectors.
Our attorneys represent all stakeholders in insolvency and restructuring matters. We craft and negotiate restructuring agreements and workouts on behalf of private and public companies, in addition to advising their boards of directors and committees navigating financial distress. We provide a broad range of business advisory and crisis management services, including advising on governance and strategic review of options to preserve corporate value. A substantial part of this focus involves bolstering liquidity and avoiding operational crisis by employing alternative financing techniques. We also represent asset purchasers, creditors, banks, private equity firms, and other financial institutions in restructuring and bankruptcy matters.
Wilson Sonsini’s services in this area include, but are not limited to:
- structuring and negotiating restructuring and recapitalization strategies, including out of court matters, Chapter 11 cases, and subchapter V bankruptcies;
- counseling boards of directors on fiduciary duties, insolvency strategies, and reorganizations;
- crafting complex capital structures and subordination agreements;
- advising parties in connection with mergers and acquisitions that involve distressed assets and businesses, including the disposition of IP and technology assets;
- advising parties on assignments for the benefit of creditors, complicated dissolutions under Delaware state law, and bankruptcies; and
- representing debtors, directors, officers, creditors, and other commercial parties in litigation spawned out of restructuring and insolvency matters.
We build the right team from Wilson Sonsini’s expansive practices for each client’s needs. Our restructuring teams often include attorneys who have experience with complex litigation, capital markets, corporate finance, M&A, employment, intellectual property, and tax matters.
Overview
Our attorneys represent all stakeholders in insolvency and restructuring matters. We craft and negotiate restructuring agreements and workouts on behalf of private and public companies, in addition to advising their boards of directors and committees navigating financial distress. We provide a broad range of business advisory and crisis management services, including advising on governance and strategic review of options to preserve corporate value. A substantial part of this focus involves bolstering liquidity and avoiding operational crisis by employing alternative financing techniques. We also represent asset purchasers, creditors, banks, private equity firms, and other financial institutions in restructuring and bankruptcy matters.
Wilson Sonsini’s services in this area include, but are not limited to:
- structuring and negotiating restructuring and recapitalization strategies, including out of court matters, Chapter 11 cases, and subchapter V bankruptcies;
- counseling boards of directors on fiduciary duties, insolvency strategies, and reorganizations;
- crafting complex capital structures and subordination agreements;
- advising parties in connection with mergers and acquisitions that involve distressed assets and businesses, including the disposition of IP and technology assets;
- advising parties on assignments for the benefit of creditors, complicated dissolutions under Delaware state law, and bankruptcies; and
- representing debtors, directors, officers, creditors, and other commercial parties in litigation spawned out of restructuring and insolvency matters.
We build the right team from Wilson Sonsini’s expansive practices for each client’s needs. Our restructuring teams often include attorneys who have experience with complex litigation, capital markets, corporate finance, M&A, employment, intellectual property, and tax matters.
Alerts
Delaware Enacts Uniform Assignment for the Benefit of Creditors Law
On June 10, 2026, Delaware joined four other states and enacted a version of the Uniform Assignment for the Benefit of Creditors Act (the Act). The Act constitutes a significant change to Delaware’s prior statute, first enacted in 1875, and modernizes and streamlines Delaware’s assignment for the benefit of creditors process.1
News Articles
Lawdragon Names Erin Fay Among 2026 “500 Leading Global Bankruptcy & Restructuring Lawyers”
On March 13, 2026, Lawdragon recognized Wilson Sonsini’s Erin Fay among its “500 Leading Global Bankruptcy & Restructuring Lawyers” for 2026. For this guide, Lawdragon conducted independent research, accepted nominations, and consulted with industry peers.
Client Highlights
Wilson Sonsini Advises Quantum Computing on $110 Million Acquisition of Luminar Semiconductor
On December 15, 2025, Quantum Computing (QCi), an innovative, quantum optics and integrated photonics technology company, announced that it has signed an agreement to acquire Luminar Semiconductor (LSI), a wholly owned subsidiary of Luminar Technologies, in an all-cash transaction valued at $110 million, subject to customary adjustments. Wilson Sonsini Goodrich & Rosati is advising QCi on the transaction
News Articles
Erin Fay Named to 2025 Lawdragon “500 Leading Global Bankruptcy & Restructuring Lawyers” List
On June 27, 2025, Lawdragon recognized Wilson Sonsini’s Erin Fay among its “500 Leading Global Bankruptcy & Restructuring Lawyers” for 2025. For this guide, Lawdragon conducted independent research, accepted nominations, and consulted with industry peers. Among those honored in the list are traditional bankruptcy lawyers, specialists in leveraged finance and restructuring, and litigators well-versed in financial litigation and distress.
Client Highlights
Wilson Sonsini Advises Urgent.ly on Debt Restructuring and New $20 Million Revolving Credit Facility
On February 26, 2025, Urgent.ly, a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced that it reached an agreement with its lenders resulting in significant capital structure improvements. Urgent.ly entered into a new credit agreement for an asset-based revolving credit facility for up to $20 million with MidCap Financial, which will be used to repay existing indebtedness and to help the company advance its mission to transform the legacy roadside assistance market and to develop and define the new market for connected mobility assistance services for automotive, insurance, fleet, logistics, new mobility, and technology transportation companies.
News Articles
Erin Fay Honored Among 2024 Lawdragon "500 Leading Global Bankruptcy & Restructuring Lawyers"
On June 14, 2024, Lawdragon named Wilson Sonsini partner Erin Fay to its annual list of “500 Leading Global Bankruptcy & Restructuring Lawyers.” The list recognizes lawyers who help companies, their financiers, suppliers, and the universe of everyone impacted when companies go bust, need to transition, or work through difficulties. For this guide, Lawdragon conducted independent research and consulted with leaders in the area including traditional bankruptcy lawyers, specialists in leveraged finance and restructuring and litigators well-versed in financial litigation and distress.
Insights
Alerts
Delaware Enacts Uniform Assignment for the Benefit of Creditors Law
On June 10, 2026, Delaware joined four other states and enacted a version of the Uniform Assignment for the Benefit of Creditors Act (the Act). The Act constitutes a significant change to Delaware’s prior statute, first enacted in 1875, and modernizes and streamlines Delaware’s assignment for the benefit of creditors process.1
News Articles
Lawdragon Names Erin Fay Among 2026 “500 Leading Global Bankruptcy & Restructuring Lawyers”
On March 13, 2026, Lawdragon recognized Wilson Sonsini’s Erin Fay among its “500 Leading Global Bankruptcy & Restructuring Lawyers” for 2026. For this guide, Lawdragon conducted independent research, accepted nominations, and consulted with industry peers.
Client Highlights
Wilson Sonsini Advises Quantum Computing on $110 Million Acquisition of Luminar Semiconductor
On December 15, 2025, Quantum Computing (QCi), an innovative, quantum optics and integrated photonics technology company, announced that it has signed an agreement to acquire Luminar Semiconductor (LSI), a wholly owned subsidiary of Luminar Technologies, in an all-cash transaction valued at $110 million, subject to customary adjustments. Wilson Sonsini Goodrich & Rosati is advising QCi on the transaction
News Articles
Erin Fay Named to 2025 Lawdragon “500 Leading Global Bankruptcy & Restructuring Lawyers” List
On June 27, 2025, Lawdragon recognized Wilson Sonsini’s Erin Fay among its “500 Leading Global Bankruptcy & Restructuring Lawyers” for 2025. For this guide, Lawdragon conducted independent research, accepted nominations, and consulted with industry peers. Among those honored in the list are traditional bankruptcy lawyers, specialists in leveraged finance and restructuring, and litigators well-versed in financial litigation and distress.
Client Highlights
Wilson Sonsini Advises Urgent.ly on Debt Restructuring and New $20 Million Revolving Credit Facility
On February 26, 2025, Urgent.ly, a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced that it reached an agreement with its lenders resulting in significant capital structure improvements. Urgent.ly entered into a new credit agreement for an asset-based revolving credit facility for up to $20 million with MidCap Financial, which will be used to repay existing indebtedness and to help the company advance its mission to transform the legacy roadside assistance market and to develop and define the new market for connected mobility assistance services for automotive, insurance, fleet, logistics, new mobility, and technology transportation companies.
News Articles
Erin Fay Honored Among 2024 Lawdragon "500 Leading Global Bankruptcy & Restructuring Lawyers"
On June 14, 2024, Lawdragon named Wilson Sonsini partner Erin Fay to its annual list of “500 Leading Global Bankruptcy & Restructuring Lawyers.” The list recognizes lawyers who help companies, their financiers, suppliers, and the universe of everyone impacted when companies go bust, need to transition, or work through difficulties. For this guide, Lawdragon conducted independent research and consulted with leaders in the area including traditional bankruptcy lawyers, specialists in leveraged finance and restructuring and litigators well-versed in financial litigation and distress.
WSGR Events
College for Clients Series: Distressed M&A
Join our team of experienced restructuring partners for an in-depth webinar exploring the evolving landscape of distressed M&A transactions. This session will cover key legal and strategic considerations including fiduciary duties in distressed contexts, acquisitions outside of bankruptcy, sales through assignments for the benefit of creditors, and navigating purchases within bankruptcy proceedings.
Affiliated Programs
West Coast NextGen VC Forum
LaunchBio’s NextGen VC Forum is the premier event for venture capital professionals to deepen their knowledge of the life science and biotech sectors while building meaningful connections across the industry. The forum features expert led sessions that offer practical insights into evaluating, supporting, and scaling science-backed startups. Networking is built into the program to help participants expand their reach and grow their networks. Co-created with LaunchBio, the half-day forum includes a networking lunch, three interactive one-hour sessions, and a closing happy hour.
Affiliated Programs
NextGen VC Forum - NYC 2024
LaunchBio’s NextGen VC Forum is the premiere event for mid-level venture capital associates to expand their skills and expertise while growing their network. Attendees benefit from curated education sessions from industry leaders to supplement existing expertise. Networking is essential in sourcing deals and one of the primary roles for associates, we’ve built it into the program for participants to be able to walk away with new life science and biotech contacts. The half-day forum created with Wilson Sonsini includes a networking lunch, three one-hour sessions, and a happy hour.
Affiliated Programs
NextGen VC Forum - Boston
LaunchBio’s NextGen VC Forum is the premiere event for mid-level venture capital associates to expand their skills and expertise while growing their network. Attendees benefit from curated education sessions from industry leaders to supplement existing expertise. Networking is essential in sourcing deals and one of the primary roles for associates, we’ve built it into the program for participants to be able to walk away with new life science and biotech contacts. The half-day forum created with Wilson Sonsini includes a networking lunch, three one-hour sessions, and a happy hour. View the event flyer here.
Events
WSGR Events
College for Clients Series: Distressed M&A
Join our team of experienced restructuring partners for an in-depth webinar exploring the evolving landscape of distressed M&A transactions. This session will cover key legal and strategic considerations including fiduciary duties in distressed contexts, acquisitions outside of bankruptcy, sales through assignments for the benefit of creditors, and navigating purchases within bankruptcy proceedings.
Affiliated Programs
West Coast NextGen VC Forum
LaunchBio’s NextGen VC Forum is the premier event for venture capital professionals to deepen their knowledge of the life science and biotech sectors while building meaningful connections across the industry. The forum features expert led sessions that offer practical insights into evaluating, supporting, and scaling science-backed startups. Networking is built into the program to help participants expand their reach and grow their networks. Co-created with LaunchBio, the half-day forum includes a networking lunch, three interactive one-hour sessions, and a closing happy hour.
Affiliated Programs
NextGen VC Forum - NYC 2024
LaunchBio’s NextGen VC Forum is the premiere event for mid-level venture capital associates to expand their skills and expertise while growing their network. Attendees benefit from curated education sessions from industry leaders to supplement existing expertise. Networking is essential in sourcing deals and one of the primary roles for associates, we’ve built it into the program for participants to be able to walk away with new life science and biotech contacts. The half-day forum created with Wilson Sonsini includes a networking lunch, three one-hour sessions, and a happy hour.
Affiliated Programs
NextGen VC Forum - Boston
LaunchBio’s NextGen VC Forum is the premiere event for mid-level venture capital associates to expand their skills and expertise while growing their network. Attendees benefit from curated education sessions from industry leaders to supplement existing expertise. Networking is essential in sourcing deals and one of the primary roles for associates, we’ve built it into the program for participants to be able to walk away with new life science and biotech contacts. The half-day forum created with Wilson Sonsini includes a networking lunch, three one-hour sessions, and a happy hour. View the event flyer here.
Erin Fay
Partner
Erin Fay is a partner in the Delaware office of Wilson Sonsini Goodrich & Rosati, where she is a member of the restructuring practice. In Chapter 11 cases, Erin represents a variety of clients, including debtors, lenders, individual creditors, equity holders, asset purchasers, official committees, and ad hoc committees. She assists companies with understanding and executing on non-bankruptcy liquidity management solutions and wind down strategies, such as foreclosures, safe harbor dissolutions, and assignments for the benefit of creditors. Further, Erin counsels management, boards, and creditors on fiduciary duty and other issues related to distressed companies, the rights of creditors, and insolvency. She has represented clients in a broad range of industries, including biotech, technology, medical devices, real estate, retail, manufacturing, transportation, energy, healthcare, and financial services.
Ben Hoch
Partner
Ben advises clients on the entire spectrum of corporate finance and financial restructuring matters; he represents companies in a wide array of industries, including tech, energy, electric utility, internet, construction, manufacturing, retail, and aerospace industries.
Dana J. Hall
Partner
Dana focuses his practice on commercial finance, with extensive experience representing and advising borrowers and lenders in a broad range of debt financing transaction.
Shane Reil
Of Counsel
Shane Reil is Of Counsel in the Delaware office of Wilson Sonsini Goodrich & Rosati, where he is a member of the firm’s restructuring practice. Shane has experience representing corporate debtors, secured lenders, creditors, wind-down trustees, and plan administrators in complex chapter 11 cases, cross-border insolvency proceedings, asset sales and acquisitions, and wind-downs. He has counseled clients in connection with proceedings before the U.S. Bankruptcy Court for the District of Delaware, the U.S. Bankruptcy Court for the Southern District of Ohio, the U.S. District Court for the District of Delaware, and the U.S. Court of Appeals for the Third Circuit.
Bob Hemm
Senior Counsel
Bob Hemm is senior counsel in the New York office of Wilson Sonsini Goodrich & Rosati, where he is a member of the firm’s energy and climate solutions practice.
Marsha Sukach
Senior Counsel
Marsha Sukach is senior counsel in the New York office of Wilson Sonsini Goodrich & Rosati, where her practice covers a broad range of corporate finance and financial restructuring matters.
Heather Lambert
Associate
Heather Lambert is an associate in the Delaware office of Wilson Sonsini Goodrich & Rosati, where she focuses her practice on corporate restructuring. Her experience includes representing corporate debtors, creditors, lenders, independent fiduciaries, and special committees in complex chapter 11 cases, out-of-court restructurings, financial workouts, dissolutions, wind-downs, and cross-border insolvency proceedings. She has experience appearing before the U.S. Bankruptcy Court for the District of Delaware, counseling clients in all stages of in-court restructurings.
Catherine Lyons
Associate
Catherine is an associate in Wilson Sonsini’s Delaware office, where she is a member of the restructuring practice.
Hayden A. Stephens
Associate
Hayden Stephens is an associate in the emerging companies and venture capital practice in Wilson Sonsini Goodrich & Rosati’s San Francisco office. He provides guidance to innovative technology, biotechnology, and artificial intelligence companies at all stages of growth, from initial formation and equity financing transactions to strategic planning for IPOs and other liquidity events.
Evanthea Hammer
Associate in Delaware/Law Clerk in the District of Columbia
Evie Hammer has experience representing corporate debtors and creditors in complex chapter 11 cases. She has appeared on behalf of clients in the U.S. Bankruptcy Court for the District of Delaware.
People
Erin Fay
Partner
Erin Fay is a partner in the Delaware office of Wilson Sonsini Goodrich & Rosati, where she is a member of the restructuring practice. In Chapter 11 cases, Erin represents a variety of clients, including debtors, lenders, individual creditors, equity holders, asset purchasers, official committees, and ad hoc committees. She assists companies with understanding and executing on non-bankruptcy liquidity management solutions and wind down strategies, such as foreclosures, safe harbor dissolutions, and assignments for the benefit of creditors. Further, Erin counsels management, boards, and creditors on fiduciary duty and other issues related to distressed companies, the rights of creditors, and insolvency. She has represented clients in a broad range of industries, including biotech, technology, medical devices, real estate, retail, manufacturing, transportation, energy, healthcare, and financial services.
Ben Hoch
Partner
Ben advises clients on the entire spectrum of corporate finance and financial restructuring matters; he represents companies in a wide array of industries, including tech, energy, electric utility, internet, construction, manufacturing, retail, and aerospace industries.
Dana J. Hall
Partner
Dana focuses his practice on commercial finance, with extensive experience representing and advising borrowers and lenders in a broad range of debt financing transaction.
Shane Reil
Of Counsel
Shane Reil is Of Counsel in the Delaware office of Wilson Sonsini Goodrich & Rosati, where he is a member of the firm’s restructuring practice. Shane has experience representing corporate debtors, secured lenders, creditors, wind-down trustees, and plan administrators in complex chapter 11 cases, cross-border insolvency proceedings, asset sales and acquisitions, and wind-downs. He has counseled clients in connection with proceedings before the U.S. Bankruptcy Court for the District of Delaware, the U.S. Bankruptcy Court for the Southern District of Ohio, the U.S. District Court for the District of Delaware, and the U.S. Court of Appeals for the Third Circuit.
Bob Hemm
Senior Counsel
Bob Hemm is senior counsel in the New York office of Wilson Sonsini Goodrich & Rosati, where he is a member of the firm’s energy and climate solutions practice.
Marsha Sukach
Senior Counsel
Marsha Sukach is senior counsel in the New York office of Wilson Sonsini Goodrich & Rosati, where her practice covers a broad range of corporate finance and financial restructuring matters.
Heather Lambert
Associate
Heather Lambert is an associate in the Delaware office of Wilson Sonsini Goodrich & Rosati, where she focuses her practice on corporate restructuring. Her experience includes representing corporate debtors, creditors, lenders, independent fiduciaries, and special committees in complex chapter 11 cases, out-of-court restructurings, financial workouts, dissolutions, wind-downs, and cross-border insolvency proceedings. She has experience appearing before the U.S. Bankruptcy Court for the District of Delaware, counseling clients in all stages of in-court restructurings.
Catherine Lyons
Associate
Catherine is an associate in Wilson Sonsini’s Delaware office, where she is a member of the restructuring practice.
Hayden A. Stephens
Associate
Hayden Stephens is an associate in the emerging companies and venture capital practice in Wilson Sonsini Goodrich & Rosati’s San Francisco office. He provides guidance to innovative technology, biotechnology, and artificial intelligence companies at all stages of growth, from initial formation and equity financing transactions to strategic planning for IPOs and other liquidity events.
Evanthea Hammer
Associate in Delaware/Law Clerk in the District of Columbia
Evie Hammer has experience representing corporate debtors and creditors in complex chapter 11 cases. She has appeared on behalf of clients in the U.S. Bankruptcy Court for the District of Delaware.
The below list of representative matters illustrates the types of clients we represent and the broad range of our restructuring experience.
- Representing the board of directors for Rite Aid Corporation in its restructuring
- Represented Clear Channel Outdoor Holdings in its separation and spinoff from iHeart Media arising as part of the reorganization in iHeart’s Chapter 11 case
- Represented Forma Brands in its restructuring
- Representing CrowdStreet, Inc. as DIP Lender in the Chapter 11, subchapter V bankruptcy case of ONH 1601 CS Investors and ONH AFC CS Investors
- Represented Pandora Media in its acquisition of RDIO, Inc. out of RDIO’s Chapter 11 case
- Represented numerous life sciences companies in acquisitions of distressed pharmaceutical drug developers
- Represented the unsecured creditors committee in Sugarfina's restructuring*
- Represented the largest unsecured creditor in the SunEdison, Inc. Chapter 11 case
- Represented the lender and plan sponsor in the subchapter V bankruptcy case of Medical Technology Associates II, a preclinical biotech company*
- Represented large internet merchant in its recent out-of-court workout
- Represented Charlotte Russe in its restructuring*
- Represented the former directors and officers for NewAge, Inc. in a fiduciary duty adversary proceeding
- Represented OSG Group Holdings in a prepackaged bankruptcy*
- Represented Microsoft as a principal member of the consortium submitting the winning bid for the $4.5 billion worldwide licensing and patent portfolio of Nortel Networks
- Represented the Ad Hoc Noteholders Committee in the Chapter 11 case of Eclipse Aviation, a private jet manufacturer
- Represented Insys Therapeutics's unsecured creditors committee in the first opioid-related pharmaceutical company bankruptcy*
- Represented Fiber Composites in the restructuring of its secured and junior debt and combined merger with a strategic partner
- Represented Contech Engineered Solutions in its recent recapitalization, which included implementing new equity ownership and long-term financing of first lien and second lien debt
- Represented numerous financial institutions and parties related to the unwinding of derivative transactions for Lehman Brothers
- Ongoing representation of a U.S. money center bank and its principal investment group in the customization and sale of a derivative product
- Represented several banks in the restructuring of a foreign Tier 1 auto supplier
- Represented the unsecured creditors committee in GNC Holdings's restructuring*
- Represented a significant insurer in Boy Scouts of America's mass tort bankruptcy*
- Represented the State of Delaware as the most-significant contract counterparty party to a debtor providing behavioral and mental health services in Delaware*
*Experience at another firm prior to 2023
Representative Matters
The below list of representative matters illustrates the types of clients we represent and the broad range of our restructuring experience.
- Representing the board of directors for Rite Aid Corporation in its restructuring
- Represented Clear Channel Outdoor Holdings in its separation and spinoff from iHeart Media arising as part of the reorganization in iHeart’s Chapter 11 case
- Represented Forma Brands in its restructuring
- Representing CrowdStreet, Inc. as DIP Lender in the Chapter 11, subchapter V bankruptcy case of ONH 1601 CS Investors and ONH AFC CS Investors
- Represented Pandora Media in its acquisition of RDIO, Inc. out of RDIO’s Chapter 11 case
- Represented numerous life sciences companies in acquisitions of distressed pharmaceutical drug developers
- Represented the unsecured creditors committee in Sugarfina's restructuring*
- Represented the largest unsecured creditor in the SunEdison, Inc. Chapter 11 case
- Represented the lender and plan sponsor in the subchapter V bankruptcy case of Medical Technology Associates II, a preclinical biotech company*
- Represented large internet merchant in its recent out-of-court workout
- Represented Charlotte Russe in its restructuring*
- Represented the former directors and officers for NewAge, Inc. in a fiduciary duty adversary proceeding
- Represented OSG Group Holdings in a prepackaged bankruptcy*
- Represented Microsoft as a principal member of the consortium submitting the winning bid for the $4.5 billion worldwide licensing and patent portfolio of Nortel Networks
- Represented the Ad Hoc Noteholders Committee in the Chapter 11 case of Eclipse Aviation, a private jet manufacturer
- Represented Insys Therapeutics's unsecured creditors committee in the first opioid-related pharmaceutical company bankruptcy*
- Represented Fiber Composites in the restructuring of its secured and junior debt and combined merger with a strategic partner
- Represented Contech Engineered Solutions in its recent recapitalization, which included implementing new equity ownership and long-term financing of first lien and second lien debt
- Represented numerous financial institutions and parties related to the unwinding of derivative transactions for Lehman Brothers
- Ongoing representation of a U.S. money center bank and its principal investment group in the customization and sale of a derivative product
- Represented several banks in the restructuring of a foreign Tier 1 auto supplier
- Represented the unsecured creditors committee in GNC Holdings's restructuring*
- Represented a significant insurer in Boy Scouts of America's mass tort bankruptcy*
- Represented the State of Delaware as the most-significant contract counterparty party to a debtor providing behavioral and mental health services in Delaware*
*Experience at another firm prior to 2023
Related Practices
Recent Insights
Alerts
Delaware Enacts Uniform Assignment for the Benefit of Creditors Law
On June 10, 2026, Delaware joined four other states and enacted a version of the Uniform Assignment for the Benefit of Creditors Act (the Act). The Act constitutes a significant change to Delaware’s prior statute, first enacted in 1875, and modernizes and streamlines Delaware’s assignment for the benefit of creditors process.1
Learn More
News Articles
Lawdragon Names Erin Fay Among 2026 “500 Leading Global Bankruptcy & Restructuring Lawyers”
On March 13, 2026, Lawdragon recognized Wilson Sonsini’s Erin Fay among its “500 Leading Global Bankruptcy & Restructuring Lawyers” for 2026. For this guide, Lawdragon conducted independent research, accepted nominations, and consulted with industry peers.
Learn More
Recent Events
WSGR Events
College for Clients Series: Distressed M&A
Join our team of experienced restructuring partners for an in-depth webinar exploring the evolving landscape of distressed M&A transactions. This session will cover key legal and strategic considerations including fiduciary duties in distressed contexts, acquisitions outside of bankruptcy, sales through assignments for the benefit of creditors, and navigating purchases within bankruptcy proceedings.
Learn More
Affiliated Programs
West Coast NextGen VC Forum
LaunchBio’s NextGen VC Forum is the premier event for venture capital professionals to deepen their knowledge of the life science and biotech sectors while building meaningful connections across the industry. The forum features expert led sessions that offer practical insights into evaluating, supporting, and scaling science-backed startups. Networking is built into the program to help participants expand their reach and grow their networks. Co-created with LaunchBio, the half-day forum includes a networking lunch, three interactive one-hour sessions, and a closing happy hour.
Learn More
Key Contacts
Erin Fay
Partner
Erin Fay is a partner in the Delaware office of Wilson Sonsini Goodrich & Rosati, where she is a member of the restructuring practice. In Chapter 11 cases, Erin represents a variety of clients, including debtors, lenders, individual creditors, equity holders, asset purchasers, official committees, and ad hoc committees. She assists companies with understanding and executing on non-bankruptcy liquidity management solutions and wind down strategies, such as foreclosures, safe harbor dissolutions, and assignments for the benefit of creditors. Further, Erin counsels management, boards, and creditors on fiduciary duty and other issues related to distressed companies, the rights of creditors, and insolvency. She has represented clients in a broad range of industries, including biotech, technology, medical devices, real estate, retail, manufacturing, transportation, energy, healthcare, and financial services.
Ben Hoch
Partner
Ben advises clients on the entire spectrum of corporate finance and financial restructuring matters; he represents companies in a wide array of industries, including tech, energy, electric utility, internet, construction, manufacturing, retail, and aerospace industries.
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