Adjunct Professor of Law
Steve Hessler is a partner in the Restructuring Group of Kirkland & Ellis LLP. His practice involves representing debtors (including public, portfolio, and privately-held companies), creditors, and investors in complex corporate Chapter 11 cases, out-of-court restructurings, acquisitions, and related trial and appellate litigation.
Most recently, Steve was selected by Turnarounds & Workouts as one of their 2013 "Outstanding Young Restructuring Lawyers."
Represented Ally Financial Inc. ("AFI") and Ally Bank and their subsidiaries, in connection with the Chapter 11 cases of Residential Capital LLC, AFI's mortgage subsidiary.
Represented Clearwire Corporation and its affiliates in connection with their successful out-of-court refinancing efforts.
Represented an ad hoc committee of bondholders in the potential restructuring of a major financial services firm.
Represented a municipal bond insurer in the restructuring activities of a major United States municipality.
Represented Innkeepers USA Trust in its Chapter 11 reorganization involving approximately $1.6 billion of indebtedness.
Represented an ad hoc committee of senior secured noteholders in the Chapter 11 cases of TerreStar Networks.
Represented The Majestic Star Casino and its affiliates, which operate gaming facilities in Indiana, Mississippi, and Colorado, in their Chapter 11 cases. Majestic consummated a plan of reorganization supported by each of its major stakeholders that reduced the company's funded indebtedness by nearly 78 percent (from $735 million to $160 million), safeguarded the continued employment of the company's 2,600 employees and protected the vital revenue stream provided by the company's tax payments to multiple jurisdictions.