May 4, 2026
Willkie partners Joe Minias and Wes Eguchi authored an article in the April 2026 issue of Turnarounds & Workouts on the role of independent directors in restructurings and the qualities that distinguish an optimal candidate for a distressed private credit scenario.
Their article focuses on the unique dynamics of a private credit workout – in contrast with a large or mega Chapter 11 case – and describes how the ideal candidate for a distressed private credit scenario possesses a “Swiss Army knife” of skills and traits that allows them to take a “hands on” approach by being more involved in day-to-day decisions and driving the process towards a successful outcome. Read the article “Finding the Right Independent Director” here.
Joseph G. Minias is a partner in Willkie’s Restructuring Department and Chair of the Special Situations and Liability Management practice.
Weston T. Eguchi is a partner in the Finance Department whose practice focuses on advising lenders and borrowers in specialty and opportunistic debt financings, out-of-court restructurings and recapitalizations, and chapter 11 and 15 bankruptcy cases.
Their article focuses on the unique dynamics of a private credit workout – in contrast with a large or mega Chapter 11 case – and describes how the ideal candidate for a distressed private credit scenario possesses a “Swiss Army knife” of skills and traits that allows them to take a “hands on” approach by being more involved in day-to-day decisions and driving the process towards a successful outcome. Read the article “Finding the Right Independent Director” here.
Joseph G. Minias is a partner in Willkie’s Restructuring Department and Chair of the Special Situations and Liability Management practice.
Weston T. Eguchi is a partner in the Finance Department whose practice focuses on advising lenders and borrowers in specialty and opportunistic debt financings, out-of-court restructurings and recapitalizations, and chapter 11 and 15 bankruptcy cases.
