Neal L. Wolf

Neal L. Wolf

P.  312.521.2490
F.  312.521.2390


Neal L. Wolf provides creative solutions for corporate clients facing complex business litigation, insolvency, or Chapter 11 restructuring issues with a focus on bankruptcy, reorganization, workouts and commercial litigation. Neal focuses his practice in the areas of bankruptcy, business reorganization, workouts and commercial litigation. He has represented debtors, secured and unsecured creditors, creditors’ committees, trustees, lessors and purchasers of stock or assets of insolvent entities. He also has significant experience with railroad reorganizations and commercial litigation. During his career, he has appeared in the federal courts of more than 40 states and the Territory of Puerto Rico.

Neal’s commercial litigation experience includes the successful trial and arbitration of cases involving the Uniform Commercial Code, lender liability issues, fraudulent conveyance avoidance, preference avoidance, partnership disputes, securities issues, business torts and contract issues. These trials have resulted in a number of reported highly favorable decisions from U.S. district and appellate courts.

In recent years, Neal has also represented a large, national insurance company in multiple highly disputed rate regulation cases. Working closely with expert actuaries and economists, he has tried two of these cases in Alabama and California.

Representative successes:

  • Represented the owner of an iconic hotel in the heart of Chicago’s Magnificent Mile in its successful Chapter 11 restructuring of its $70 million of mortgage debt.

  • Served as counsel to the official unsecured creditors committee in a case involving the liquidation of a major constriction and engineering firm with several billion dollars of creditor claims.

  • Represented a print and electronic greeting card retailer in the successful defense of a $35 million fraudulent transfer action, brought by the trustee in bankruptcy, related to the acquisition of an e-card retailer. The case, brought in bankruptcy court in San Francisco, was settled before trial. 

Neal is admitted to practice in Illinois and California. He is also admitted to practice before the U.S. Supreme Court, the U.S. Court of Appeals for Seventh, Eighth and Ninth Circuits, the U.S. District Court for Northern District of Illinois, Western District of Wisconsin, Northern, Southern, Eastern and Central Districts of California, District of Arizona, and Western District of Texas.


Neal is the author of articles on a broad range of bankruptcy law and related topics, which have been published in journals such as Corporate Counsel. Other recent publications include a series of articles on fraudulent conveyance law, inter-creditor disputes in bankruptcy, sales under section 363 of the Bankruptcy Code, the new bankruptcy statutes of the People's Republic of China, and the changing complexion of Chapter 11. Neal is also a contributing editor for Norton Bankruptcy Law and Practice.

Neal has been a fellow of the prestigious American College of Bankruptcy since 1997. He has spoken frequently at the National Conference of Bankruptcy Judges, Norton Institutes, and the American Law Institute of the American Bar Association. He has been a regular guest lecturer on bankruptcy law topics at Northwestern University Kellogg School of Management and a panelist for roundtable discussions for Financier Worldwide Magazine.

Neal has been recognized as a leading attorney in bankruptcy and restructuring in recent editions of Chambers USA, which reports that "Neal described as an 'effective strategist who acts with poise in the courtroom.'" He has been listed among 100 "Bay Area Super Lawyers" in San Francisco Magazine, "Illinois Super Lawyers" in Chicago Magazine (2006-present), and in The Best Lawyers in America (all published editions). Neal has long enjoyed an “AV-Preeminent” rating from Martindale-Hubbell.


There has hardly been a time, throughout his lengthy career, when Neal has not actively represented charitable and not-for-profit institutions in pro bono legal matters and litigation.  Within the past few years, for instance, he has been providing pro bono legal services to “Project Exploration,” a not-for -profit educational program based in Chicago whose goal is to change the face of science by encouraging interest in science among female and minority students who have not historically found effective career routes in the scientific disciplines. In January 2010, Project Exploration received the Presidential Award for Excellence in Science, Mathematics and Engineering Mentoring.