FacultyFaculty/Author Profile

Carmen H. Lonstein

Clayco Inc.
General Counsel
Chicago, IL, USA

Carmen H. Lonstein is a partner in the Chicago office and chair of the Financial Restructuring, Creditors’ Rights and Bankruptcy  ractice Group in North America. Ms. Lonstein has been a corporate restructuring and creditors' rights lawyer for more than twenty-three years, regularly practicing in federal and bankruptcy courts around the country. Prior to joining Baker McKenzie, Ms. Lonstein chaired the Bankruptcy and Restructuring Group at Bell Boyd and Lloyd LLP.

She has extensive experience in a wide range of bankruptcy, corporate restructuring and related litigation matters and has built a national practice that includes a number of financial and institutional clients that frequently consult with her in complex bankruptcy
and corporate matters. Her broad Chapter 11 and workout practice has included the representation of debtors, official creditors’ and equity committees, secured creditors, landlords, purchasers, trustees, and institutional and distressed investors. Ms. Lonstein frequently assists domestic and international clients in evaluating strategies for potential and actual investments in distressed companies. She also frequently works with potential buyers and stalking horse bidders in Chapter 11 sales of assets, a topic on which she has lectured frequently.

Ms. Lonstein's broad experience also includes the representation of debtors and lenders in complex real estate restructurings and workouts. She has counseled corporate, financial and institutional creditors and lenders in their efforts to maximize recoveries, including minimizing claim exposure and expediting the recovery of collateral. Her practice also includes the representation of creditors in workout negotiations, objections to proposed plans of reorganization and in the development of effective pre- and post-bankruptcy strategies related to insolvent companies in a wide range of industries.

Education / Court and Bar Admissions

Ms. Lonstein received her J.D. from the New York University School of Law in 1987 and her B.A. from Hunter University, City University of New York where she graduated Magna Cum Laude. She is a member of the Bar Associations for the States of Florida, Illinois and New York. She is admitted to practice in United States District Courts for the Southern and Middle Districts of Florida and the Northern District of Illinois and frequently appears in the United States Bankruptcy Courts in Delaware and the Southern District of
New York. She is also admitted to practice before the United States Courts of Appeals for the Seventh and Eleventh Circuits.


Her professional affiliations include membership in the International Women’s Insolvency and Restructuring Confederation (IWIRC), the American Bankruptcy Institute (ABI) the Turnaround Management Association, and the International Bar Association (IBA). Ms. Lonstein serves as Vice-Chair of the IBA’s SIRC Reorganizations and Workouts Subcommittee.


Ms. Lonstein is actively involved and serves on the board of directors of the National Institute of Puerto Rican Arts & Culture, based in Chicago. She was appointed by Illinois Governor Patrick Quinn to the Interim Board of the Metropolitan Pier and Exposition Authority (MPEA) charged with implementing a financial and operational restructuring of the MPEA pursuant to historic reform legislation passed in the Spring of 2010. She has also been appointed to the Illinois Arts Council, a state agency charged with development and administration of the Illinois’ arts policy and approving state grants and expenditures in the arts.

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