Margaret (Peg) M. Anderson

Margaret (Peg) M. Anderson

(312) 224-1224

Rated by Super Lawyers 


  • Yale Law School
  • Loras College
    (B.A., maxima cum laude)

Practice Areas

  • Bankruptcy, Restructuring and Creditors' Rights


  • Illinois
  • Texas


  • AV® Preeminent Peer Review Rated by Martindale-Hubbell
  • Selected to the list of Illinois Super Lawyers for the past seven years
  • Selected to the list of Illinois Super Lawyers Top 50 Women in 2013 and 2012

Margaret (Peg) M. Anderson

Peg Anderson is a capital partner, and Co-chair of the Firm's Bankruptcy, Restructuring and Creditors’ Rights Group. She has represented secured and unsecured creditors in bankruptcy cases and out-of-court restructurings throughout the country. Her clients include numerous lending institutions. Peg has experience advising buyers and sellers of assets of troubled companies. She also represents bankruptcy trustees, debtors and assignees for the benefit of creditors.

Peg has extensive experience advising insurance companies in bankruptcy cases.  She frequently represents insurance companies in the collection of premium, deductibles, and other amounts owed to them by insolvent companies, especially with respect to amounts due on loss-sensitive policies.  She has enforced insurers’ rights to collect amounts due from their bankrupt insureds, often involving claims by the insurers in the tens of millions of dollars, in venues throughout the country, including the United States Supreme Court. She also counsels insurers with respect to the handling of covered claims when their insureds are in bankruptcy.

Peg has been rated AV® Preeminent by her professional peers through the Martindale-Hubbell Peer Review Rating system. This is a testament from peer legal professionals of the highest level of professional excellence and of unquestionable ethics.

For the past seven years, Peg has been selected to the list of Illinois Super Lawyers. In 2013 and 2012, she was also listed among the Illinois Super Lawyers Top 50 Women. Her selection was published in Chicago Magazine. Super Lawyers selects attorneys using a patented multiphase selection process. Peer nominations and evaluations are combined with third party research. Each candidate is evaluated on 12 indicators of peer recognition and professional achievement. Only five percent of lawyers in Illinois are selected for inclusion to the Illinois Super Lawyers list, and are made on an annual, state-by-state basis. 

Peg received a B.A. in accounting, maxima cum laude, from Loras College and her J.D. from Yale Law School. Prior to joining FSLC, she was a partner at Locke Lord Bissell & Liddell, LLP. She is admitted to practice in Illinois and Texas.

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