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Kenneth J. Ottaviano

Chicago Office
New York Office

Kenneth J. Ottaviano regularly represents traditional and nontraditional financing sources in complex insolvency and restructuring matters throughout the country. Ken has significant experience in major corporate bankruptcies, out-of-court workouts and restructurings, local and multijurisdictional assignments for the benefit of creditors, federal or state court receivership actions, judicial and non-judicial foreclosures, Uniform Commercial Code sales, and various debtor-creditor litigation matters. He is "very practical and very conscious of costs" when working with clients (Chambers USA).

Ken also represents lessors, indenture trustees, bondholders, borrowers, guarantors, debtors in possession, distressed asset and debt purchasers, assignees, trustees, receivers, examiners, special servicers and various creditor classes.  

While Ken mainly concentrates on distressed transactions in the health care industry, he has experience in numerous other industries, including automotive, construction, distribution, energy, financial institutions, franchising, hospitality, manufacturing, media, retail landlord and technology.

Ken manages his practice from Katten's Chicago and New York offices and recently served on Katten's Board of Directors.

Shown below is a selection of Kenneth’s engagements.


Chambers USA, 2013–2019
Turnaround Atlas, Financial Services Turnaround of the Year, 2014
Legal 500, 2016

Financials Deal of the Year

Financials Deal of the Year, The M&A Advisor Turnaround Awards, 2017
Kenneth J. Ottaviano


  • JD, Western Michigan University Cooley Law School, cum laude
  • BA, Lake Forest College

Bar Admissions

  • Illinois
  • New York

Court Admissions

  • US District Court, Northern District of Indiana
  • US District Court, Northern District of Illinois, Trial Bar
  • US District Court, Western District of Wisconsin
  • US District Court, Central District of Illinois


Chambers USA
Turnaround Atlas
Financial Services Turnaround of the Year, 2014
Legal 500

Financials Deal of the Year

The M&A Advisor Turnaround Awards, 2017
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  • American Bankruptcy Institute
  • Illinois State Bar Association
  • Turnaround Management Association
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