Natasha Hwangpo is a partner in Ropes & Gray’s business restructuring group. Natasha’s practice covers domestic and international corporate restructuring, bankruptcy and insolvency proceedings, and crisis management. Her experience includes advising debtors in out-of-court processes and in-court restructurings across a broad range of industries, including energy, financial services, technology, retail, print, and manufacturing. 

Natasha received her J.D. from Columbia Law School where she was a Teaching Fellow in Columbia University's Department of Political Science. Natasha received her M.Sc. from the London School of Economics and Political Science and her B.A. in Economics and Political Science from the University of California, Berkeley.


  • Kabbage, Inc. d/b/a KServicing, and its debtor-affiliates, an online loan service provider, for over $7 billion of loans issued to small businesses under the Paycheck Protection Program, in their chapter 11 cases.*
  • Regis Corporation, a leader in the haircare industry and franchisor of major salon brands, including Supercuts, in connection with the refinancing and conversion of its existing revolving credit facility to a $180 million term loan and $55 million revolving credit facility.*
  • VIVUS, Inc., a specialty pharmaceutical company with three approved therapies and one product candidate in clinical development, and its debtor-affiliates, in their chapter 11 restructuring addressing more than $230 million of funded debt. VIVUS ' restructuring involves, among other things, an innovative go-forward royalty structure between the reorganized company and pre-reorganization shareholders to address the highly speculative nature of value inherent to developmental drugs.*
  • NPC International, Inc. and its debtor affiliates, America's largest franchisee company with over 1,600 restaurants across two iconic brands—Pizza Hut and Wendy's—and more than 35,000 employees, in their chapter 11 cases involving over $900 million of funded debt.*
  • Doncasters Group, a leading international manufacturer of high­ precision components for aero engines, industrial gas turbines, and other specialist high performance applications, in its restructuring of $1.6 billion of funded debt through an English scheme of arrangement and an ancillary chapter 15 proceeding (Dundee Pikco Limited) in the United States.*
  • Fusion Connect, Inc., and its domestic subsidiaries, a telecommunications services provider, in their chapter 11 cases with liabilities in excess of $650 million.*
  • Sears Holdings Corporation and its affiliated debtors, one of the largest retailers in the world, in their chapter 11 cases—one of the largest retail chapter 11 cases in history. At the time of commencing these cases, Sears had more than 68,000 employees and approximately $6 billion in debt.*
  • The NORDAM Group, Inc., a leading aerospace manufacturing and repair company, in their pending chapter 11 cases.*
  • Cenveo, Inc., a leading global provider of print and related resources headquartered in Stamford, Connecticut with a worldwide distribution platform.*
  • Avaya Inc. and certain of its affiliates, a leading multinational technology company that specializes in telephony, wireless data communications, customer relationship management software, and networking, in their chapter 11 cases. Avaya and its debtor-affiliates had over $6 billion in funded debt obligations as of the commencement of their chapter 11 cases, with annual revenues in excess of $3 billion. Avaya's restructuring was recognized as the 2018 Transaction of the Year (Mega Company) by the Turnaround Management Association.*
  • Energy Future Holdings Corp. and 70 of its affiliates, the largest generator, distributor, and certified retail provider of electricity in Texas— the product of the largest buy-out in history—with over $49 billion in liabilities and $36 billion in assets. EFH's chapter 11 case is the largest operating chapter 11 case ever filed in Delaware and the seventh largest chapter 11 case filed in history.*
  • Equity sponsor to American Tire Distributors, Inc., one of the largest independent suppliers of replacement tires with approximately $2.6 billion in funded debt. Existing equity holders received 5% of the new equity, plus warrants for additional equity.*

*Prior to joining Ropes & Gray

Areas of Practice