Richard J. Mason Partner

Richard represents significant business interests in transactions and litigation, with a strong concentration in the areas of business insolvency and debtor-creditor relations. He has extensive experience representing a range of clients in business matters throughout the United States and overseas.

Richard is an adjunct professor at Chicago Kent College of Law, where he has taught Bankruptcy Law each year since 1983.  He has been named to Best Lawyers in America, Illinois Superlawyers and Leading Lawyers Network and currently serves as co-chair of the Insolvency Section of the International Bar Association and chair of the Education Committee of the American College of Bankruptcy.  He is a frequent speaker at continuing legal education programs sponsored by organizations such as the American Bar Association, International Bar Association, American Bankruptcy Institute, Commercial Law League of America, Practicing Law Institute, National Association of Bankruptcy Trustees, and state and local bar associations.

Richard has been admitted to and appeared in various federal courts in 20 states.


Representation of foreign entity purchasing businesses from restructuring debtor.

Representation of foreign insolvency representative in U.S. ancillary proceeding.

Representation of a state agency sued by a bankrupt estate for breach of contract and defamation.

Representation of the principal commodity trading partner of Chapter 11 debtor with several billion dollars in debts.

Representation of trustee in bankruptcy in multi-billion dollar Chapter 7 case.

Representation of a national chain of medical clinics facing regulatory matters.

Representation of directors in disputes concerning corporate governance.

Representation of an unsecured creditor’s committee of airline reorganizing in Chapter 11.

Representation of an unsecured creditor’s committee of printing equipment producer in Chapter 11.

Representation of a principal partner of a Midwestern real estate venture restructuring debts exceeding $3 billion.

Representation of various banks and insurance companies with financially troubled borrowers.

Representation of a company in a Midwestern telecommunications business suing to invalidate a $50 million leveraged buy-out.

Representation of a leveraged lessor of approximately $100 million in hotels to a national hotel chain reorganizing under Chapter 11.

Representation of an unsecured creditors committee of Midwestern metal stamping manufacturer restructuring under Chapter 11.

Representation of an institutional landlord of approximately 30 properties to a Southwestern retailer restructuring debt under Chapter 11.

Representation of a trustee in bankruptcy of Midwestern publicly held limited partnerships with hotels undergoing Chapter 11 reorganization.

Representation of a purchaser of all operating assets of a Midwestern manufacturer of automotive parts undergoing Chapter 11 reorganization.

Representation of a group of creditors with multimillion-dollar claims against the bankruptcy estate of one of the country's largest "Ponzi schemes."

Representation of a producer of the operations of a leather belt manufacturer reorganizing under Chapter 11.

Representation of a defendant in asbestos-related litigation relating to a bankruptcy case.

Representation of a foreign bank seizing the bankruptcy estate of a locomotive manufacturer for improper liquidation of its collateral.

  • The University of Chicago, MBA, 1980
  • University of Notre Dame Law School, JD, 1977
  • University of Illinois at Urbana-Champaign, BA, with High Honors, 1973

Co-chair, Insolvency Section, International Bar Association, 2016-present

Fellow, American College of Bankruptcy and the American Bar Foundation; Chair of Education Committee, 2015-present

Member, Business Bankruptcy Committee, 1984-2016; Chair, Subcommittee on Use and Disposition of Property, 1993-1998; Delegate, United Nations Commission on Model Insolvency Law, American Bar Association

Member, Insolvency and Restructuring Section, 1990-2016, Co-Chair, 2017; Senior Chair of Programs, International Bar Association, 2015-2017

Member, American Bankruptcy Institute, 1986-2016

Member, Former Section Counsel, Commercial, Banking, and Bankruptcy Law, Illinois State Bar Association 1984-1987

Trustee, Private Panel Maintained by Region 11 of the Office of the U.S. Trustee

Member, Board of Directors, Illinois Farm Legal Assistance Foundation, 1986-1988

  • Illinois
  • U.S. Court of Appeals for the 2nd Circuit
  • U.S. Court of Appeals for the 3rd Circuit
  • U.S. Court of Appeals for the 7th Circuit
  • U.S. District Court for the Northern District of Illinois (Trial Bar)

Fellow, International Insolvency Institute

Fellow, American College of Bankruptcy (Regent for the 7th Circuit, 2001-2006; Chairman of Education Committee, 2015 - 2016 )

Selected for inclusion in The Best Lawyers in America, Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Woodward/White, Inc., 2018-2020

Named to "Illinois Super Lawyers," Bankruptcy & Creditor/Debtor Rights, Banking, Business Litigation, Super Lawyers, Thomson Reuters, 2005-2019

Named as a "Leading Lawyer," Bankruptcy & Workout Law: Commercial, Leading Lawyers Network Magazine, Law Bulletin Publishing, 2012-2016

  • Author, "Pursuing Relief Against Foreign Adversaries," American Bankruptcy Trustee Journal, Fall 2018
  • Co-author, "When Do the Creditor’s Shoes Fit?: A Bankruptcy Estate’s Power to Assert the Rights of a Hypothetical Judgment Creditor," The American Bankruptcy Law Journal, 2017
  • Author, "Is The Bankruptcy Concept Of Nationwide Service Still Completely Intact," American Bankruptcy Institute Journal, October 2017
  • Co-author, "Another U.S. Court Weighs In On The Debate Over The Extraterritoriality Of The Avoidance Provisions Of The U.S. Bankruptcy Code," Insolvency and Restructuring International, September 2017
  • Author, "Debtor’s Rights/Local Government," Illinois Municipal League Review, August 2017
  • Author, "Financially Distressed Local Governments: In Illinois, Relief Options are Limited," Illinois Bar Journal, April 2017
  • Co-author, "Repatriating Proceeds Of A U.S. Avoidance Action To A Foreign Main Proceeding: Does Chapter 15 Authorize Structured Dismissals," Norton Journal Of Bankruptcy Law And Practice, 2016
  • Co-author, "Pursuing Avoidance Actions Under U.S. Law Against Foreign Defendants," ABI Journal, September 2016
  • Author, Delaware Court Voids LLC Agreement Provision Giving Creditor Veto Over Bankruptcy , McGuireWoods Legal Insights, June 7, 2016
  • Author, Bankruptcy Court Chips Away at Bankruptcy Remoteness of Special Purpose Vehicles, McGuireWoods Legal Insights, April 18, 2016
  • Author, Perfecting Article 9 Security Interests Under Illinois Law, Illinois Institute of Continuing Legal Education, 2016
  • Co-author, "Disposition Of Partial LLC Interests In Bankruptcy," Law Journal Newsletters, December 2015
  • Co-author, "Strategies for Disposition of Partial LLC Interests in Bankruptcy," The Bankruptcy Strategist, December 2015
  • Co-author, "Can an Estate Effectively Liquidate a Fractional Interest in an LLC," ABI Journal, October 2015
  • Author, "Liability to Third Parties for Lost or Damaged Property," Bankruptcy Trustees Journal, January 27, 2012
  • Author, Courts Broaden Exposure Under Certain "Bad Boy" Guarantees, McGuireWoods Legal Insights, January 11, 2012
  • Author, "Liability to Third Parties for Lost or Damaged Property," 27 Journal of the National Association of Bankruptcy Trustees, 2011
  • Author, "Strategies For Use of the U.S. Bankruptcy Code by Foreign Insolvency Representatives," 5 Insolvency Restructuring International, 2011
  • Author, "Strategies for Use of the U.S. Bankruptcy Code by Foreign Insolvency Representatives," Insolvency and Restructuring International, November 18, 2011
  • Author, Update on Partially Secured Creditors Rights in Bankruptcy to Credit Bid, McGuireWoods Legal Insights, March 24, 2010
  • Author, Secured Creditors' Right to "Bid In" Claims in Chapter 11 Sales Challenged, McGuireWoods Legal Insights, February 26, 2010
  • Co-author, "Priorities Among Article 9 Security Interests and Competing Rights," 2007
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