Candice L. Kline

Candice L. Kline

Partner

Contact Info

Phone: (312) 876-7104
Fax: (312) 876-0288

Primary Office

Chicago
161 North Clark Street
Suite 4200
Chicago, IL 60601

Candice L. Kline

Partner

Candice L. Kline

Candice Kline advises clients on bankruptcy and corporate restructuring matters and related litigation. She represents debtors, trustees, official committees, investors and creditors in bankruptcy proceedings and out-of-court workouts. Her experience includes managing cases from $10 million to $13 billion, with key roles in large, complex Chapter 11 and 7 cases. She also handles Chapter 12 cases and has experience with cross-border insolvency Chapter 15 proceedings.

Drawing on her past experience working in global banks and at technology start-ups, as well as her knowledge from earning an MBA, Candice relies on a combination of her strong business background and legal experience when helping companies with workout and restructuring situations. Her experience includes advising on contractual clauses and termination strategies involving multi-billion dollar contracts and bankruptcy risk in the airline, technology and health services industries. Candice is a strong mediator and negotiator on behalf of her clients in both transactional disputes and work-outs, as well in trial and appellate work. Her experience in litigation in both state and federal courts includes cases involving real estate, fraud investigations, loan transactions, breach of fiduciary duty, contract disputes and collections.
 

Experience

  • Lead attorney in a high-profile Chapter 7 case involving an Irish national interest and over $12 million in debt and other claims. Negotiated complex settlements with the debtor and trustee. Also settled a related fraudulent transfer lawsuit on favorable terms following a six-day trial and two levels of appeals.
  • Key attorney in the Tribune Company's Chapter 11 case involving $13 billion in funded debt. Representation included overseeing cash management, investments and $300 million DIP financing throughout the case. Also: settled a related New York wage/hour class action lawsuit through mediation; anchored a joint venture/partnership section 365 strategy; and litigated a plan appeal, stay pending appeal, and appeal bond matters, resulting in a $1.5 billion bond decision. Candice was actively on brief in the Chapter 11 plan appeals in the district court and court of appeals.
  • Represented a State of Ohio agency in the FirstEnergy Solutions Chapter 11 case at the trial and appellate levels on rejection and plan confirmation issues concerning the public interest.
  • Managed a complex litigation risk assessment involving a choice of law, statutes of limitations, and fraudulent transfer claims in a $42 billion energy/utility Chapter 11 case.
  • Executed out-of-court UCC and non-UCC settlements and global litigation risk assessments involving derivatives and hedge fund counterparties.
  • Completed an out-of-court restructuring involving $292 million in debt and $27 million in new equity with a prepackaged plan backstop in less than two months.
  • Represented investors in fraud-related bankruptcy litigation, achieving a complex settlement to recover property valued around $1.8 million and denial of discharge in a Chapter 7 case.
  • Lead counsel to a senior lender and agent concerning agriculture-related investments.
  • Oversaw complex fraud litigation and mediated settlement and recovered control and properties for a real estate investor.
  • Negotiated a forbearance agreement and sale arrangement for a debtor-developer in a distressed commercial real estate situation.
  • Provided general counsel services to a private-equity backed manufacturing facility on contract, litigation and employment matters.
  • Lead appellate attorney representing the debtor in a Chapter 7 exception to discharge appeal and related state court litigation.

Credentials and Accolades

Honors and Awards

Named to The Best Lawyers in America list, Bankruptcy and Creditor-Debtor Rights/Insolvency and Reorganization Law, 2022

Pro Bono Transaction of the Year Award, Turnaround Management Association (TMA), Chicago/Midwest Chapter, 2020

Outstanding Service Award Winner, Turnaround Management Association (TMA), Chicago/Midwest Chapter, 2016

Memberships and Affiliations

Institute on Business & Professional Ethics, DePaul UniversityAdvisory Board, 2016 to 2020

Turnaround Management Association (TMA), Chicago/Midwest Chapter

  • Director, 2016 to 2019
  • Officer, 2016 to 2017
  • Co-Chair, University Relations Committee, Women's Group, and Pro Bono

American Constitution Society (ACS), Chicago Lawyer Chapter

  • Director, 2012 to 2020
  • Co-Chair, 2017 to 2020
  • Moderator for Annual Supreme Court Term in Review

University of Chicago Women's Business Group (UCWBG)/ Chicago Women's Alliance (CWA)

  • UCWBG Director, 2009 to 2011
  • CWA Chicago Metro Chair, 2019 to 2020

National Industrial Transportation League (NITL)

  • Director and Chair
  • Information Technology Advancement Committee, 2002 to 2005

American Bankruptcy Institute, Commercial Fraud and Mediation Committees

International Women's Insolvency & Restructuring Confederation

Commercial Law League of America, Bankruptcy Section

  • Executive Council Member
  • Legislative Council Liaison

Illinois State Bar Association, Business and Securities Law Section

  • Vice Chair, 2020 to 2021
  • Secretary, 2019 to 2020

CEO Roundtable, Chicago

American Bar Association

Chicago Bar Association

Toledo Bar Association

Education

J.D., magna cum laude, University of Toledo College of Law, 2008

MBA, University of Chicago, Booth School of Business, 1997

B.A., with High Honors, Oberlin College, 1993
 

Bar Admissions

Illinois
Ohio

Certifications

Mediation Skills Training Certificate, Northwestern University, School of Professional Studies, 2017

Candice Kline advises clients on bankruptcy and corporate restructuring matters and related litigation. She represents debtors, trustees, official committees, investors and creditors in bankruptcy proceedings and out-of-court workouts. Her experience includes managing cases from $10 million to $13 billion, with key roles in large, complex Chapter 11 and 7 cases. She also handles Chapter 12 cases and has experience with cross-border insolvency Chapter 15 proceedings.

Drawing on her past experience working in global banks and at technology start-ups, as well as her knowledge from earning an MBA, Candice relies on a combination of her strong business background and legal experience when helping companies with workout and restructuring situations. Her experience includes advising on contractual clauses and termination strategies involving multi-billion dollar contracts and bankruptcy risk in the airline, technology and health services industries. Candice is a strong mediator and negotiator on behalf of her clients in both transactional disputes and work-outs, as well in trial and appellate work. Her experience in litigation in both state and federal courts includes cases involving real estate, fraud investigations, loan transactions, breach of fiduciary duty, contract disputes and collections.