Schoeman, Updike & Kaufman, LLP Welcomes New Attorney in Chicago

August 20, 2009

(NEW YORK, August 20, 2009)— Schoeman, Updike & Kaufman, LLP is pleased to announce that Rebecca O. Fruchtman has joined as Counsel in our Chicago office, known as Schoeman Updike Kaufman & Scharf.

Ms. Fruchtman launches the Firm’s Restructuring practice. Ms. Fruchtman is a restructuring attorney who has been extensively involved in some of the largest Chapter 11 cases in the United States. With over twenty years of experience in bankruptcy/restructuring matters and related litigation, Ms. Fruchtman advises financial institutions, bondholders, creditors’ committees, corporate debtors and strategic and financial investors in all facets of domestic and cross-border distressed situations.

Ms. Fruchtman counsels clients on pre-packaged and traditional Chapter 11 processes; out-of-court restructurings; and on pursuit of assertion of insolvency-related remedies under state law, including assignments for the benefit of creditors and state court receiverships. On the transactional side of Chapter 11, Ms. Fruchtman advises clients on restructuring planning, distressed M&A transactions (section 363 sales), debtor in possession financing arrangements, and plan of reorganization and disclosure statement issues.

Ms. Fruchtman also has substantial experience in structuring and implementing asset backed securities programs, leveraged leases and other sophisticated financial transactions and in litigating issues stemming from these structured products when they fail. Ms. Fruchtman’s experience spans the airline, power/utility, alternative energy, automotive, steel, technology, technology and distressed real estate sectors.

Ms. Fruchtman was formerly an Of Counsel with Kirkland & Ellis LLP and Chapman and Cutler LLP; and an associate with Baker & McKenzie and Winston & Strawn (formerly Murphy, Sheneman, Julian & Rogers). Ms. Fruchtman received her J.D. and B.S. from Georgetown University; and her M.B.A. from The University of Chicago Booth School of Business.

Related Attorney: Rebecca O. Fruchtman