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Restructuring Bankruptcy Associate Jobs in Illinois

Kovoro

Bankruptcy & Restructuring Attorney

Chicago, IL · On-site

$200 - $250/hr

As Bankruptcy & Restructuring Attorney you will represent debtors-in-possession, administrative ... associates and mid-level attorneys with genuinely balanced experience. The firm is an active ...

Alvarez & Marsal

Senior Associate, Restructuring

Chicago, IL · On-site

$15.50 - $18.50/hr

Description Restructuring Senior Associate, Alvarez & Marsal Chicago Office About Alvarez & Marsal ... Developing pre-bankruptcy plans and assisting with bankruptcy case administration, which includes ...

Alvarez and Marsal

Senior Associate, Restructuring

Chicago, IL · On-site

$15.50 - $18.50/hr

Description Restructuring Senior Associate, Alvarez & Marsal Chicago Office About Alvarez & Marsal ... Developing pre-bankruptcy plans and assisting with bankruptcy case administration, which includes ...

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Showing results 1-20

All JobsRestructuring Bankruptcy Associate JobsRestructuring Bankruptcy Associate Jobs in Illinois

Restructuring Bankruptcy Associate information

See Illinois salary details

$51.4K

$108.3K

$165.7K

How much do restructuring bankruptcy associate jobs pay per year?

As of Sep 7, 2026, the average yearly pay for restructuring bankruptcy associate in Illinois is $108,284.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,400.00 and $132,800.00 per year, depending on experience, location, and employer.

What is a restructuring bankruptcy associate?

A Restructuring Bankruptcy Associate is a legal professional, typically an attorney, who specializes in advising companies, creditors, or other stakeholders during financial distress, insolvency, and bankruptcy proceedings. They assist clients with legal strategies for restructuring debt, navigating Chapter 11 or other bankruptcy filings, and negotiating with creditors. Their work often includes drafting legal documents, conducting research, and representing clients in court or negotiations to help them achieve the best possible outcome during financial restructuring.

What are the key skills and qualifications needed to thrive as a restructuring bankruptcy associate?

To thrive as a Restructuring Bankruptcy Associate, you need a Juris Doctor (JD) degree, strong legal research and writing skills, and a solid understanding of bankruptcy law and financial restructuring. Familiarity with legal research databases like Westlaw and LexisNexis, as well as knowledge of court filing systems, is essential. Excellent analytical thinking, negotiation abilities, and effective communication with clients and stakeholders are standout soft skills. These competencies are crucial for navigating complex legal matters, managing cases efficiently, and achieving favorable outcomes for clients in high-pressure situations.

What are some common challenges faced by restructuring bankruptcy associates in their daily work?

Restructuring Bankruptcy Associates often encounter the challenge of managing high volumes of complex case files, each with tight deadlines and shifting priorities. The role requires balancing detailed legal research and writing with client meetings, court appearances, and negotiations with multiple stakeholders, such as creditors and trustees. Associates must quickly adapt to evolving bankruptcy laws and frequently collaborate with cross-disciplinary teams, including finance and litigation experts, to devise effective restructuring strategies. This dynamic environment demands strong organizational skills, resilience under pressure, and clear communication to succeed.

What is the difference between Restructuring Bankruptcy Associate vs Bankruptcy Litigation Associate?

AspectRestructuring Bankruptcy AssociateBankruptcy Litigation Associate
Primary FocusReorganizing distressed companies, negotiating restructuring plansHandling disputes and litigation related to bankruptcy cases
Work EnvironmentCorporate law firms, financial institutions, restructuring teamsLitigation departments, courtroom settings, dispute resolution teams
Required CredentialsJD, State Bar admission, strong understanding of bankruptcy lawJD, State Bar admission, strong litigation and courtroom skills

Restructuring Bankruptcy Associates focus on helping companies reorganize and negotiate debt restructuring plans, often working closely with financial stakeholders. Bankruptcy Litigation Associates, on the other hand, handle disputes and courtroom proceedings related to bankruptcy cases. Both roles require a JD and bar admission, but their daily tasks and work environments differ significantly.

What are popular job titles related to Restructuring Bankruptcy Associate jobs in Illinois?

For Restructuring Bankruptcy Associate jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Restructuring Bankruptcy Associate jobs in Illinois look for?

The top searched job categories for Restructuring Bankruptcy Associate jobs in Illinois are:

What cities in Illinois are hiring for Restructuring Bankruptcy Associate jobs?

Cities in Illinois with the most Restructuring Bankruptcy Associate job openings:

Restructuring Bankruptcy Associate jobs near you
Infographic showing various Restructuring Bankruptcy Associate job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $108,284 per year, or $52.1 per hour.

Bankruptcy & Restructuring Associate Attorney

Aligned Talent Acquisition

Chicago, IL • Hybrid

$235K - $390K/yr

Full-time

Posted 6 days ago

Job description

Chicago | Hybrid

Bankruptcy & Restructuring Associate AttorneyAmLaw 50 OpportunityCompensation

$235,000 – $390,000+

Aligned Talent Acquisition is recruiting for an experienced Bankruptcy & Restructuring Associate Attorney opportunity with a leading Am Law 50 firm in Chicago.

This is an excellent opportunity for an attorney interested in sophisticated bankruptcy, restructuring, creditors’ rights, and distressed transactions involving complex financial and commercial matters.

Ideal Background

• 2–6 years of bankruptcy, restructuring, creditors’ rights, or related experience

• Experience with Chapter 11 bankruptcy proceedings, out-of-court restructurings, distressed transactions, and insolvency matters

• Experience representing debtors, creditors, lenders, investors, financial institutions, committees, or other stakeholders

• Experience drafting motions, briefs, pleadings, restructuring agreements, and other bankruptcy-related documents

• Experience with creditor remedies, workouts, distressed debt, DIP financing, and bankruptcy-related litigation is a plus

• Experience conducting legal research and handling sophisticated matters before bankruptcy and federal courts

• Experience supporting complex restructurings from initial strategy through resolution

• Ability to manage multiple sophisticated matters in a fast-paced environment

• Strong legal research, writing, analytical, and advocacy skills

• Excellent client service and communication skills

• Strong academic credentials

• J.D. from an ABA-accredited law school required

• Illinois bar admission required or ability to become admitted

Why This Opportunity

Sophisticated bankruptcy and restructuring matters

Exposure to complex Chapter 11 proceedings and out-of-court restructurings

Opportunity to work with major companies, creditors, lenders, investors, and other sophisticated stakeholders

Blend of transactional restructuring and bankruptcy litigation

Significant responsibility and direct client interaction

Collaboration with nationally recognized finance, corporate, litigation, and restructuring practices

Excellent long-term career development and advancement opportunities

Interested?

If you're a Chicago bankruptcy and restructuring associate interested in exploring a new opportunity, I'd love to have a confidential conversation.

Even if you're not actively looking, it never hurts to know what's out there. I'm happy to discuss compensation, partnership track, billable expectations, firm culture, hybrid flexibility, and whether this opportunity could make sense for your career.

All inquiries are confidential.

Devney Ayers
Director of Legal Recruiting
Aligned Talent Acquisition

devney@alignedtalentacquisition.com

(216) 710-5174