Bankruptcy/Restructuring
USA Guide 2024 : Delaware
Band 3
Contact number
+1 302 425 6400About
Provided by Blank Rome LLP
A dedicated Delaware-based bankruptcy team works closely with our teams in Philadelphia, New York and Washington, D.C. We represent debtors, creditors’ committees, secured creditors, indenture trustees, asset purchasers, lien claimants, executory contract parties, and others in a broad range of bankruptcy, reorganization, and workout matters, including related litigation.
A number of our bankruptcy attorneys also are trained as finance lawyers — a unique skill set that distinguishes us from competitors. Many of our matters straddle bankruptcy and finance, so our dual training is crucial and enables us to better understand the strategy of our client’s adversary and to advise our client accordingly. Senior finance work is a core component of the restructuring practice, and has been since its inception. In this field, we frequently represent first- and second-lien secured creditors and debtor-in-possession lenders in Chapter 11 cases, with long-standing clients in this area.
The Firm's strong name in the shipping, maritime, and transportation arenas distinguishes us from other bankruptcy practices. We are particularly skilled in handling Chapter 15 cases, through which a bankrupt or insolvent business organization outside the U.S. can obtain access to U.S. courts and ancillary relief from U.S. bankruptcy courts.
Chambers Review
Blank Rome LLP is an established group that acts for both debtors and creditors, and is esteemed for its counsel in high-stakes bankruptcy litigation. Well regarded for its expertise in reorganizations and particularly singled out for its finance strengths, frequently acting for secured creditors and debtor-in-possession lenders. Also noted for its insurance coverage practice, which works closely with the firm's bankruptcy lawyers.
Work Highlights
- Blank Rome LLP acted as co-counsel to the ad hoc committee of tort claimants in respect of Alto Maipo in the Alto Maipo Chapter 11 cases in Delaware.
Strengths
Provided by Chambers
"Blank Rome is able to get great outcomes in bad situations. They are all about the client and have a team of really excellent lawyers."
"Blank Rome is able to get great outcomes in bad situations. They are all about the client and have a team of really excellent lawyers."
Notable Practitioners
Regina Stango Kelbon's extensive market experience includes advising on Chapter 7 and 11 proceedings. She is also well regarded for her ability to advise on fraud-related bankruptcy.
"She is really smart, practical and all over the details. She is a big picture person."
"Regina is exceptionally bright, no-nonsense and has strong attention to detail. She is able to handle complex matters and can connect the dots to ensure consistency. She is phenomenal."
Stanley Tarr is experienced in advising a range of trustees and financial investors on Chapter 11 cases. His impressive noncontentious practice is complemented by wider strength in bankruptcy litigation.
"He is very bright and practical, and can lead complex cases."
"He has terrific courtroom presence, a great reputation and is a calming presence."