Kenneth J. Ottaviano



Ken regularly represents traditional and nontraditional financing sources in complex insolvency and restructuring matters throughout the country. He has significant experience in major corporate bankruptcies, out-of-court workouts and restructurings, local and multijurisdictional assignments for the benefit of creditors, federal or state court receivership actions, judicial and non-judicial foreclosures, Uniform Commercial Code sales, and various debtor-creditor litigation matters. 

Ken also represents lessors, indenture trustees, bondholders, borrowers, guarantors, debtors in possession, distressed asset and debt purchasers, assignees, trustees, receivers, examiners, special servicers, and various creditor classes.  

While Ken mainly concentrates on distressed transactions in the healthcare industry, he has experience in numerous other industries, including automotive, construction, distribution, energy, financial institutions, franchising, hospitality, manufacturing, media, retail landlord, and technology.

Ken is ranked in The Legal 500 United States and Chambers USA for his leading finance practice, and is noted by Chambers for being "very practical and very conscious of costs" when working with clients. In addition to his top-tier legal rankings, Ken has also been recognized for leading successful finance deals, previously receiving the Financial Deal of the Year award by The M&A Advisor Turnaround Awards and the Financial Services Turnaround of the Year award by Turnaround Atlas.


  • 2013Present, listed in Chambers USA
  • 2016, listed in The Legal 500 United States



  • American Bankruptcy Institute
  • Turnaround Management Association
  • Illinois State Bar Association



  • U.S. District Court - Central District of Illinois
  • Illinois
  • New York
  • U.S. District Court - Northern District of Illinois
  • U.S. District Court - Northern District of Indiana
  • U.S. District Court - Western District of Wisconsin


  • Lake Forest College, BA
  • Western Michigan University Cooley Law School, JD, cum laude