| Practice Description: |
Shelly DeRousse is a partner and co-leader of the Bankruptcy and Financial Restructuring Practice Group.
Ms. DeRousse has extensive experience in the areas of bankruptcy, restructuring, litigation and asset sales. She is known among banks and other financial institutions as a leading attorney for lenders in bankruptcy cases, out-of-court workouts of borrowers’ loans, and assignments for the benefit of creditors. Ms. DeRousse also has represented as lead counsel official creditors’ committees throughout the country. Additionally, she regularly represents companies and high earning individuals in their bankruptcies or workout negotiations with their lenders and other creditors.
In addition to her profound and comprehensive working knowledge of the U.S. Bankruptcy Code, the Uniform Commercial Code, assignments for the benefit of creditors, and receiverships, Ms. DeRousse offers clients years of practical experience and knowledge of how to best solve very complex debtor-creditor issues. She has worked on every side of bankruptcies and workouts, including the representation of debtors, secured creditors, unsecured creditors, lessors, lessees, guarantors, trustees and creditors’ committees. She has represented clients ranging from large publicly traded companies in mega-bankruptcy cases to smaller privately held middle market companies in chapter 11 filings or large international banks to small community banks.
Ms. DeRousse is a very successful and accomplished commercial litigator and trial attorney. As lead attorney, she has litigated to judgment many trials and hearings on issues including mismanagement and fraud, fraudulent transfers, relief from the automatic stay, use of cash collateral, commercial contract disputes, assessment of lease value, benefit to a bankruptcy estate, and breach of fiduciary duty.
Ms. DeRousse is the president of the Women's Bar Foundation of Illinois and serves on the Turnaround Management Association's Committee for Networking of Women. In 2010, Ms. DeRousse was named as one of the most Influential Women in Business by the Business Ledger and the National Association of Women Business Owners of Chicago. Shelly has also served on the Executive Board of Directors of the Women’s Bar Foundation for many years and is an expert in food allergy law and regularly advocates for families and children who have food allergies.
Prior to joining Freeborn & Peters, Ms. DeRousse was a partner in the Bankruptcy and Commercial Litigation Groups at Stahl Cowen Crowley Addis LLC and an associate in the Commercial Restructuring Group at Sidley Austin LLP.
U.S. District Court
Northern District of Illinois
Northern District of Indiana
Southern District of Indiana
District of Colorado
Year of Birth: 1973
Law School: DePaul University College of Law, J.D., 2008
Law School Honors/Involvement:
Order of the Coif; CALI Excellence for the Future Award; associate editor, DePaul Law Review
Undergraduate School: Illinois State University, B.S.
Freeborn & Peters LLP, partner, 2014-present
Stahl Cowen Crowley Addis, partner, 2008-2014
Free From Market, owner, 2008-2012
Sugar, Friedberg & Felsenthal, attorney, 2007-2008
Sidley & Austin, attorney, 2001-2007
Adjunct Professor, DePaul University College of Law, spring 2008
Awards; Honors; Distinctions:
- Influential Women in Business 2010, Business Ledger
- Illinois Leading Lawyers, Law Bulletin Media, 2017-present
- Advocate for food allergy research and awareness
- Food Allergy Guidelines Committee (appointed by the Illnois State Board of Education and the Illinois Department of Public Health to draft Guidelines for Managing Life Threatening Food Allergies in Illinois Schools, published in 2010
For more than 30 years, Freeborn has developed deep connections with our clients and their businesses through our services and mutual experiences. Through our legal practices, our goal is to provide premium quality legal services that advance the interests, defend the rights and build a better future for our clients -- across industries, service lines and geography. We demonstrate our client commitment by embracing a values-based culture of personal responsibility for quality in everything we do.
Based in Chicago, we handle cases locally and regionally. Since our founding in 1983, we have also handled cases nationally and often across borders in a variety of subject matter disciplines - from complex antitrust cases to real estate disputes and from reinsurance matters to contract issues. Organized in sub-practice areas, our depth of experience crosses many industries.