Karol K. Denniston, a bankruptcy and restructuring lawyer for almost 30 years, has extensive experience representing debtors, creditors, bondholders and other parties in a wide variety of litigated bankruptcy cases and out of court transactions. Karol has a strong interest in mediation and has been a mediator since 1992. She has deep experience working with all asset types: real estate, intellectual property, regulated industries including banks, infrastructure, utilities, oil and gas, gaming and nonprofits.

As municipalities have become fiscally distressed, Karol’s practice has expanded to include working with clients to implement transactional solutions focusing on the use of economic development, private to public structures and other financing structures as part of strategies of municipal restructuring. In the municipal and high yield space Karol frequently represents municipalities, special districts, indenture trustees, bondholders, taxpayers and insurers. Familiar with all of the parties at the restructuring table and understanding the importance of negotiated resolutions, Karol is a frequent speaker on municipal distress and unfunded pensions. Karol authored and worked with the California legislature to adopt AB 506, which requires mediation before a municipal bankruptcy filing.