DEPARTMENT PROFILE

Blank Rome LLP

Bankruptcy/Restructuring

2 ranked lawyersBand 3DelawareUSA 2021 View ranking table

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What the team is known for

Established group acting for both debtors and creditors, and 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.

Strengths

Sources say: "They are wonderful for technical, complex, cross-border issues and terrific at thinking and acting quickly on such matters."

Work highlights

Acted as counsel to the agent of PCN Bank, senior secured lenders in the bankruptcy of Borden Dairy.

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 very accomplished, proficient and a very good advocate." "Regina is experienced, seasoned and smart - she knows more about lenders than anyone you'll come across."

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.
"Stanley is responsive, smart and strategic." "He has a keen sense of what the client wants and how to get there, even if that requires nontraditional thinking."

Department Information

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Overview

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.