University of Michigan Law School, J.D., 2007

  • Editor-in-Chief, Michigan Telecommunications and Technology Law Review

University of Illinois at Urbana-Champaign, B.S., 2001


New York


U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. District Court, Southern District of New York

U.S. District Court, Eastern District of New York

U.S. District Court, Northern District of Illinois

U.S. Court of Federal Claims


American Bankruptcy Institute

Turnaround Management Association


Judicial law clerk for the Honorable Victor J. Wolski, U.S. Court of Federal Claims, 2007-2008

Laura Appleby is a partner in Chapman's Bankruptcy and Restructuring Group. Laura represents financial institutions, bondholders, hedge funds, and other creditors in complex bankruptcy proceedings, out-of-court restructurings, and distressed transactions involving for-profit and non-profit entities, as well as municipalities. She has experience counseling parties in virtually all aspects of sophisticated restructurings, including in connection with distressed investment opportunities, Section 363 sales, UCC Article 9 sales and consensual foreclosures, and event-driven acquisitions. Additionally, Laura provides advice in connection with potential bankruptcy implications in both corporate transactions and municipal bond offerings.

Laura’s representations have involved a variety of industries, including agriculture, chemical, financial services, health care services, mining, non-profits and transportation. She also regularly counsels clients with respect to issues surrounding municipal distress and insolvency, including relating to cities, states and U.S. territories, as well as health care and other special municipal districts.

Laura regularly presents on various bankruptcy topics, including with respect to municipal restructuring. She is the co-author of the book “Municipalities in Distress? How States and Investors Deal with Local Government Financial Emergencies,” for which the second edition was released in 2016. Laura also made substantial contributions to the book “Defaulted Securities: The Guide for Trustees and Bondholders,” which examines issues related to trustees and bondholders in both corporate and municipal financings.

Laura joined the firm in 2008 after completing a clerkship with the Honorable Victor J. Wolski, of the U.S. Court of Federal Claims.

Prior to attending law school, Laura was a legislative assistant to a U.S. Senator, and advised on issues including agriculture policy and energy policy.

Recent Representative Transactions

Laura’s recent experience includes:

  • Representing a bondholder in the restructuring of a bond transaction through a conduit issuer involving a not-for-profit entity
  • Representing a purchaser in an acquisition from an insolvent Israeli public company a minority equity interest in an owner/operator of gas stations and convenience stores in the United States
  • Representing a potential purchaser in a Section 363 auction involving a global chemical company that was a debtor in a Chapter 11 proceeding
  • Representing financial institutions and indenture trustees in complex Chapter 11 proceedings, including with respect to appeals before the U.S. Court of Appeals for the Second Circuit and the U.S. Court of Appeals for the Ninth Circuit
  • Representing creditors in connection with sewer debt before and during the Chapter 9 filing by Jefferson County, Alabama


Laura has written on many bankruptcy topics of relevance to creditors including:


  • Panelist, "Discussion of Particular Challenges Faced in a Secured, Cross-Border Financing," ACIC Fall Annual Meeting and Education Conference. October 17 – 18, 2019.
  • Panelist, "Recent Developments in Revenue Pledge and Lien Status," The Bond Buyer's Midwest Municipal Market Conference. June 5, 2019.
  • Panelist, “Vanishing Collateral: Revenue Pledges That May Disappear in Bankruptcy,” Chapman and Cutler’s 2019 CLE Marathon. May 7 – 8, 2019.
  • Moderator, "Health Care Restructuring," 2019 TMA NOW Summit. May 7, 2019. 
  • Panelist, "Everything You Always Wanted to Know about Muni Workouts, But Were Afraid to Ask," Municipal Analysts of New York. April 12, 2019. 
  • Moderator, “Business and Networking,” 2017 TMA NOW Summit. May 16, 2017.
  • Panelist, “Hot Topics Affecting Secured Creditors in Bankruptcy Proceedings,” ACIC CLE Webinar. December 8, 2016.
  • Panelist, “When Your Collateral Goes ‘Moo,’ a Presentation of Agriculture Insolvency,” Chapman and Cutler’s 2016 CLE Marathon. May 10 – 11, 2016.
  • Panelist, “Current Issues in Municipal Restructuring,” Chapman and Cutler’s 2015 CLE Marathon. May 12 – 13, 2015.

Honors & Awards