Rue Toland is an associate in the Chicago office of Mayer Brown's Restructuring Bankruptcy & Insolvency practice. Rue represents institutional lenders, bank groups, individual directors and officers and other creditors in out-of-court workouts, bankruptcy proceedings and other distress situations. Rue’s experience includes drafting and negotiating transaction documents and pleadings in connection with section 363 asset sales, DIP financing, and cash collateral; preparing debtors for chapter 11 filings; analyzing, drafting, and litigating cases seeking the avoidance of preferential transfers and fraudulent conveyances; advising clients in connection with cross-border transactions and chapter 15 proceedings; prosecuting commercial real estate foreclosure and receivership actions; implementing public and private dispositions of collateral; and advising clients with respect to possible lender liability claims, intercreditor disputes, and possible instances of borrower fraud. Rue regularly litigates matters in federal bankruptcy and district courts as well as Illinois trial and appellate courts.
Rue’s chapter 11 debtor engagements include representation of ATP Oil & Gas on its sale of substantially all of its assets to Bennu Oil & Gas, a transaction named “Energy & Services Turnaround of the Year” by Global M&A Network at its 2014 Turnaround Atlas Awards, which honor excellence from the restructuring and turnaround communities worldwide. Winning transactions were selected in 50 restructuring/turnaround awards categories, based on criteria such as number of creditors, jurisdiction, pre/post workout, sustainability, operational/client/HR metrics, timeliness, leadership, and resourcefulness.
Rue also serves on the appellate committee of the Illinois Supreme Court Commission on Access to Justice, which works to promote, facilitate, and enhance equal access to justice in the Illinois appellate courts.
Prior to joining Mayer Brown, Rue clerked for the Honorable Joseph Gordon of the Illinois Appellate Court, First District, and the Honorable Sheldon A. Harris of the Illinois Appellate Court, First District.