Bankruptcy/Restructuring
USA Guide 2024 : New Jersey
Band 1
Contact number
+1 973 597 2500About
Provided by Lowenstein Sandler LLP
Lowenstein Sandler is one of a handful of elite law firms that dominate corporate bankruptcy matters in the United States, according to a decade-long analysis conducted by The Wall Street Journal in 2019.
As a crucial advisor to numerous Fortune 500 companies, our attorneys have been involved in many of the nation’s largest Chapter 11 cases, out-of-court workouts and financial restructurings. We maintain a national profile through our representation of unsecured creditors’ committees, as well as individual secured and unsecured creditors. Our attorneys have also represented creditors in Assignments for the Benefit of Creditors’ (ABC) and have advised businesses concerning the use of an ABC as a possible bankruptcy alternative. We also represent debtors in Chapter 11 cases; investors in or purchasers of assets, securities or obligations of companies in Chapter 11; debtor in possession and exit lenders, indenture trustees, public debt holders, and others in the restructuring of publicly held debt and equity securities. In addition, we have extensive experience litigating all phases of bankruptcy matters.
Lowenstein Sandler’s creditors’ rights services include auditing clients’ accounts receivable procedures to minimize exposure to bad debts and preference liability; enforcing clients’ rights to stop delivery of and reclaim goods that were shipped at or around the time of a bankruptcy filing; and defending preference and fraudulent conveyance actions nationwide.
Chambers Review
Lowenstein Sandler LLP is a prominent multi-service firm with a long-established presence in the market. It regularly advises on matters in New Jersey as well as those involving clients based outside of the state. The firm maintains a reputation for acting for creditors' committees, unions and debtors in Chapter 11 reorganizations. The team demonstrates additional strength in representing defrauded investors in bankruptcy litigation.
Work Highlights
- Lowenstein Sandler LLP acted as counsel to the Official Committee of Tort Claimant Creditors in the Chapter 11 bankruptcy case of the Roman Catholic Diocese of Camden, New Jersey.
Strengths
Provided by Chambers
"Lowenstein Sandler has specialty lawyers that can handle any matter needed. It is always upfront with the budget, and always delivers within those expectations."
"Its experience and depth of knowledge is unparalleled and all members of the team are exceptionally bright and talented."
"The firm has a big bench and can handle contested matters easily. It is knowledgeable of the bankruptcy world and does a great job with sensitivity."
"Lowenstein is the leader in the state, and commands the highest respect. It creates tremendous value in conjunction with assisting with wind downs and avoidance actions."
"Lowenstein Sandler has specialty lawyers that can handle any matter needed. It is always upfront with the budget, and always delivers within those expectations."
"Its experience and depth of knowledge is unparalleled and all members of the team are exceptionally bright and talented."
"The firm has a big bench and can handle contested matters easily. It is knowledgeable of the bankruptcy world and does a great job with sensitivity."
"Lowenstein is the leader in the state, and commands the highest respect. It creates tremendous value in conjunction with assisting with wind downs and avoidance actions."
Notable Practitioners
Michael Etkin attracts market recognition for his provision of counsel to clients involved in bankruptcy litigation. He frequently represents both sides in Chapter 7 and Chapter 11 proceedings.
"Michael is a brilliant bankruptcy lawyer, who can operate for both creditors and debtors, and provides insight that is helpful in strategizing."
"Michael excellently and deftly leads complex defences in adversarial proceedings in bankruptcy court. His deep knowledge is invaluable in achieving exceptional results."
"Michael is a fantastic lawyer who can communicate very well, he keeps everyone up to date and can get a consensus. He is able to please very sophisticated clients and is able to deal with complex transactions and cross-border matters."
Jeffrey D Prol is vice chair of the department at Lowenstein Sandler LLP and focuses his practice on creditor sided bankruptcy and restructuring matters. He is adept at advising on industries including retail and has been commended for his representation of complex high value claimants.
"Jeffrey has an incredible depth of experience and knowledge, and he is wise in his approach to handling disputes."
"Jeffrey can handle any type of matter that walks in the door, he has a good depth of knowledge and knows how to negotiate in cases. He knows everyone very well, including future claims reps and claims estimators. He is a mass tort specialist but knows how to handle anything."