Nuts and Bolts of Business Bankruptcy 2025

Evan C. Hollander Partner

New York

Mr. Hollander has represented key parties in restructuring matters involving a wide range of sectors—including offshore drilling, aerospace, automotive, sovereign wealth, manufacturing, retail, and telecommunications. He frequently writes on insolvency related topics and routinely appears on panels at industry conferences.

Lorraine McGowen Partner

New York

Lorraine brings 30+ years of legal experience in bankruptcies, out-of-court restructurings, sovereign debt restructurings and creditors' rights controversies. She interfaces with auditors, government regulators, investment bankers and others, and develops and implements mediation and litigation strategies, and negotiates reorganization plans and complex corporate and finance documents. Lorraine also regularly provides commercial law and bankruptcy advice in connection with securitization, M&A, energy & infrastructure and general corporate transactions.

She has represented various stakeholders in bankruptcies, workouts, distressed debt transactions, sovereign debt restructurings, bankruptcy litigation, derivatives and distressed acquisition matters such as Suriname, Belize, Puerto Rico, Takata Corporation, Windstream, GTT, Brazos Electric Power Cooperative, Lehman, MF Global, Indiana Toll Road, Chemtura Corporation, Tronox Incorporated, South Bay Expressway, American Dream School, Detroit, General Motors and Stone & Webster.

Lorraine previously served two terms on Orrick's 11-member Board of Directors and as a member of the Management Committee, and she also previously chaired the Restructuring Group.

Lorraine, who formerly served as Partner in Charge of Orrick's global Inclusion & Belonging Initiatives, is widely recognized for her work creating programs for the legal profession and the community. She was selected as a 2019 Rainmaker by the Minority Corporate Counsel Association (MCCA), 2025 Private Practitioner of the Year by the Metropolitan Black Bar Association, as one of Savoy Magazine’s Most Influential Lawyers for 2024, 2022, 2018 and 2015, and received Legal Outreach’s Pipeline to Diversity 2017 Champion Award and the New York City Bar Association Diversity and Inclusion 2012 Champion Award. IFLR1000 Rankings named Lorraine a leading lawyer in the U.S. She was selected by Direct Women to be a 2016 Board Institute member. She is a frequent speaker and author on bankruptcy and insolvency and diversity & inclusion.

Among her community involvement, Lorraine is a former Vice President and Board Member of the New York City Bar Association and currently co-chairs the City Bar's Digital Assets Task Force. She serves on the Board of Directors for the Institute for Inclusion in the Legal Profession and the New York Lawyers for the Public Interest, where she is chair of the board, and on the Advisory Committees for Legal Outreach and the Vance Center for International Justice of the City Bar, where she serves as co-chair of the Advisory Committee of the Vance Center.