Mark L Desgrosseilliers

Practice Areas

Mark regularly represents distressed or insolvent companies and acquirers of assets primarily in the bankruptcy court in Wilmington, Delaware. Mark also assists secured and unsecured creditors seeking financial recoveries in often trying situations in state and federal courts, primarily in Delaware, Maryland, and Virginia.

Career

Before joining Chipman Brown Cicero & Cole, LLP, Mark was a partner in the Creditors’ Rights practice group at Womble Bond Dickinson (US), LLP, was counsel in the Bankruptcy and Creditors' Rights group at Montgomery McCracken Walker & Rhoads, and practiced at Skadden Arps Slate Meagher & Flom, LLP, and Ballard Spahr LLP.

Professional Memberships

Member - Federal Bar Association; past chair of Bankruptcy Section of the Federal Bar Association;

Member - Turnaround Management Association;

Member - American Bankruptcy Institute; and

Member - Delaware Bankruptcy Inn of Court

Publications

Gimme Shelter: The Use of Alternative Dispute Resolution Procedures to Resolve Tort Claims in Bankruptcy, Norton Journal of Bankruptcy Law and Practice, Vol. 18, No.1 , 2009

Work Highlights

Counsel for largest mental health and substance abuse service provider in the State of Delaware in its bankruptcy case in the United States Bankruptcy Court for the District of Delaware.

Delaware counsel for debtors who, collectively, were one of the nation’s largest retail marketers and leading distributors of propane and related accessories to residential, industrial and agricultural customers throughout the United States ion their bankruptcy cases in the United States Bankruptcy Court for the District of Delaware.

Delaware counsel for officers and directors of Delaware organizations sued by bankruptcy trustee for alleged breaches of fiduciary duty.

Lead counsel for independent directors appointed in bankruptcy cases of oil and gas driller in the United States Bankruptcy Court for the District of Delaware.

Counsel for foreign representative for Axios Logistics Solutions, Inc., and its affiliates in cross-border insolvency proceeding filed under Chapter 15 of the US Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

Counsel for foreign representative for Thane International, Inc., and its affiliates in crossborder insolvency proceeding filed under Chapter 15 of the US Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.

Lead counsel for the liquidating trustee in bankruptcy cases filed by Goody’s Family Clothing, Inc., a significant department store chain, in the United States Bankruptcy Court for the District of Delaware.

Lead counsel for the Official Committee of Unsecured Creditors of Revstone Industries, LLC

Lead counsel for a significant snack food industry client and its subsidiaries in connection with Chapter 11 bankruptcy cases and prepackaged plan filed in the United States Bankruptcy Court for the District of Delaware.

Lead counsel for a publicly traded retailer in purchase of intellectual property assets from debtors in large retail Chapter 11 bankruptcy cases in the United States Bankruptcy Court for the District of Delaware and separately in state court insolvency proceeding in Florida.

Expert in these Jurisdictions

Admitted to practice in Delaware, Maryland, and Virginia.

Industry Sector Expertise

Presentations:

Business Bankruptcy Law Update, American Bankruptcy Institute: Annual Spring Meeting, Washington D.C., April 16, 2016

Six Traps for the Unwary in Smaller Chapter 11 Bankruptcy Cases, MDNC Chapter of the Federal Bar Association: 37th Annual Bankruptcy Seminar, Durham, NC, April 15, 2016

What Keeps Lenders Up At Night When Looking North? Cross-Border Deal Issues And Cross-Border Insolvencies, Borden Ladner Gervais Financial Services Symposium: Legal Issues Related to Financing and Insolvency, Montreal, Quebec, Canada, September 18, 2015

Fundamentals of Bankruptcy Litigation, SDNY and EDNY Chapters of the Federal Bar Association, New York, New York, June 24, 2015

Operating Chapter 7 Bankruptcy Case Issues, American Bankruptcy Institute: Mid-Atlantic Bankruptcy Workshop, Cambridge, Maryland, August 8, 2013

Bankruptcy Code Section 363: Navigating Your Company through Strategic Sales and Acquisition Transactions, Association of Corporate Counsel: DELVACCA 2nd Annual In-House Conference, Philadelphia, Pennsylvania, May 6, 2010

Bankruptcy Licensees and Licensors: Strategies for IP License Enforcement, Strafford Publications, On-Line Seminar, May 27, 2009

Education

Awards