Shane G. Ramsey

Practice Areas

Appellate Practice & Legal Strategies

Banking & Financial Services

Bankruptcy & Insolvency Related Litigation

Bankruptcy, Creditors' Rights & Restructuring

Commercial Litigation & Business Torts

Career

Shane Ramsey represents committees of unsecured creditors, indenture trustees, secured creditors, unsecured creditors, bondholders, noteholders, liquidation trustees, plan administrators, disbursing agents, and other entities in bankruptcy reorganizations, liquidation proceedings, and bankruptcy related litigation. He also has experience handling complex civil litigation matters in both state and federal courts and in alternative dispute resolution settings, including arbitration and mediation. His business litigation experience includes contract disputes, business torts, breach of fiduciary duties, officer and director liabilities, and other general litigation matters.

Shane is a certified Business Bankruptcy Specialist by the American Board of Certification.

Personal

Florida State University College of Law, JD, high honors (2006)

Order of the Coif

Senior Articles Editor, Florida State University Law Review

University of Tampa, BA, magna cum laude (2003)

Publications

Rooker-Feldman Doctrine Doesn't Prevent Certain Bankruptcy Court Decisions, Author (Sept. 24, 2024)

IRS Has Daunting Task in Supreme Court Bankruptcy Clawback Case, Author (Sept. 23, 2024)

IRS Has Daunting Task in Supreme Court Bankruptcy Clawback Case, Author (July 23, 2024)

Connecticut Bankruptcy Ruling Furthers Limitation Extension Split, Author (April 4, 2024)

2 Rulings Show How Electricity May Factor Into Bankruptcy, Law 360, Author (June 21, 2023)

Good Faith Buyer Lessons from 5th Circuit Bankruptcy Ruling, Law360, Author (May 18, 2023)

Should Solvent Debtors Pay Post-Petition Interest at the Contract Rate? Recent Decisions Say "Yes", American Bankruptcy Institute Journal, Co-Author (May 10, 2023)

Eleventh Circuit Unrolls Bankruptcy Blueprint For Early Appeals, Author (March 31, 2023)

Section 365 May Be Solution To 10th Circ. Ch. 7 Ruling, Author (March 17, 2023)

Insolvency 2022: Trends and Developments, Co-Author (Nov. 22, 2022)

Bankruptcy Ruling Shows Limits Of Safe Harbor Application, Law360, Author (Oct. 27, 2022)

How 10th Circ. Trustee Fee Ruling Will Affect Ch. 11 Appeals, Law 360, Author (Aug. 25, 2022)

5th Circ. PPP Ruling Doesn't Doom Debtors Seeking Loans, Law360, Co-Author (July 17, 2020)

Bankruptcy Rulings May Help Debtors Qualify For PPP Loans, Law360, Co-Author (May 7, 2020)

Discerning Derivative Claims: TelexFree Continues the Legacy of the Madoff Cases, ABI Journal, Co-Author (March 2020)

Trends and Developments, Chambers Global Practice Guide Insolvency 2019, Author (December 2019)

Work Highlights

In re FedNat Holding Company, et al., Case No. 22-19451 (Bankr. S.D. Fla. 2022). Currently represent FedNat Holding Company and its affiliated debtors in Chapter 11 cases involving an insurance holding company with over $200 million in liabilities.

In re American Blue Ribbon Holdings, LLC, et al., Case No. 20-10161 (Bankr. D. Del. 2020). Represented American Blue Ribbon Holdings, LLC and its affiliated debtors in Chapter 11 cases involving its restaurant company brands Village Inn, Bakers Square and Legendary Baking. Confirmed the first chapter 11 plan post-COVID-19 pandemic.

Ritzen Group, Inc. v. Jackson Masonry, LLC, 589 B.R. 601 (M.D. Tn. 2018) (finding that a district court maintains jurisdiction to enter a stay of an appeal even after a notice of appeal to the circuit court has been filed)

In re Celotex Corp., 380 B.R. 895 (Bankr. M.D. Fla. 2008) (holding that trust could satisfy its obligation, if it believed that property damage claims administrator had abused his discretion in allowing certain asbestos property damage claims for payment from trust, to apply to bankruptcy court for instructions, in the context of adversary proceeding)

In re Celotex Corp., 380 B.R. 623 (Bankr. M.D. Fla. 2007) (holding that bankruptcy court had jurisdiction to enter injunction to prevent litigants from pursuing recovery under insurance policies)

Represented the official committee of unsecured creditors in the Chapter 11 cases of global providers of seismic data acquisition, processing, and integrated reservoir geoscience services to the oil and natural gas industry. Obtained a carveout for the benefit of unsecured creditors from pre-petition lenders’ cash collateral. In re Geokinetics Inc., et al., Case No. 18-33410 (Bankr. S.D. Tex)

In re Life Settlements Return I, LLC. Represented chapter 11 debtors in consolidated chapter 11 cases. Debtors are a life settlements special purpose vehicle and its subsidiary holding company holding life insurance policies with estimated face value worth approximately $20.1 million faced with insolvency based on insureds outliving actuarial projections. In re Life Settlements Absolute Return I, LLC, Case No. 17-13030-MFW (Bankr. D. Del. 2017)

In re American Apparel, Inc. (“American Apparel 2”). Represented successful purchaser of lease assets in chapter 11 case of clothing retailer having $230 million in debt: In re American Apparel, Inc., Case No. 16-12551 (Bankr. D. Del. 2016)

In re Colt Holding Company, LLC, et al. Represented the official committee of unsecured creditors in the Chapter 11 cases of firearms manufacturer with more than $100 million of secured debt and $250 million of unsecured debt. In re Colt Holding Co., LLC, et al., Case No. 15-11296-LSS (Bankr. D. Del.)

In re BankUnited Financial Corporation, et al. Represented the official committee of unsecured creditors and subsequently the plan administrator in the BankUnited Financial Corporation, et al. bankruptcy cases involving the holding company for BankUnited, FSB, one of the largest bank failures of 2009, with more than $500 million in unsecured debt. Notably, this is the only bank holding company case where the committee confirmed its own plan. In re BankUnited Financial Corporation, et al., Case No. 09-19940 (Bankr. S.D. Fla.)

In re Corus Bankshares, Inc. Represented the official committee of unsecured creditors in the Corus Bankshares, Inc. Chapter 11 bankruptcy case involving the holding company for Corus Bank, N.A., a failed bank that had approximately $7 billion in assets. The holding company had more than $400 million in unsecured debt. In re Corus Bankshares, Inc., Case No. 10-26881 (Bankr. N.D. Ill.)

In re Amelia Island Company. Represented the creditors' committee and later the liquidating trustee for Amelia Island Company. Total liabilities in case exceeded $100 million. In re Amelia Island Company, No. 09-9601 (Bankr. M.D. Fla.).

In re NetBank, Inc. Represented the official committee of unsecured creditors and later the liquidating supervisor for NetBank, Inc. in connection with the liquidation of this bank holding company. In re NetBank, Inc., Case No. 07-04295 (Bankr. M.D. Fla.)

In re Hospital Damas, Inc. Represented the creditors' committee in Chapter 11 proceedings pending in the Bankruptcy Court for the District of Puerto Rico. Hospital Damas, Inc. is a nonprofit corporation that operated a general medical and surgical hospital in Ponce, Puerto Rico. In addition to protecting the interests of unsecured creditors during the bankruptcy case, the firm initiated an adversary proceeding against the major secured creditor seeking avoidance of certain of its purported liens on the debtor's property. The secured creditor ultimately consented to a joint debtor/committee plan that provided substantial recoveries for unsecured creditors. In re Hospital Damas, Inc., Case No. 10-08844 (Bankr. D.P.R.).

In re Altegrity, Inc., et al. Represented an indenture trustee for approximately $825 million in debt instruments in cases involving prominent global risk and information services company serving commercial customers and government entities. In re Altegrity, Inc., Case No. 15-10226 (LSS) (Bankr. D. Del. filed Feb. 8, 2015)

In re First Place Financial Corp. Represented an indenture trustee for approximately $62 million in debt instruments in bank holding company bankruptcy case pending in Delaware. The sale ultimately approved in this case employed a modified sale structure that was the result of negotiations between the committee of trust preferred securities, on which the firm's client served, and the debtor. In re First Place Financial Corp., Case No. 12-12961 (BLS) (Bankr. D. Del. filed Oct. 29, 2012)

In re Capitol Bancorp Ltd., et al. Represented an indenture trustee for in excess of $100 million in debt instruments, which also sat on (and chaired) the official creditors' committee. Case involves a bank holding company, which proposed a Chapter 11 plan of reorganization that sought to exchange trust preferred securities for equity in reorganized debtors. In re Capitol Bancorp Ltd., et al., Case No. 12-58409 (Bankr. E.D. Mich. filed August 9, 2012)

In re Citadel Broadcasting Corp., et al. Represented an indenture trustee for approximately $148 million in debt instruments in cases involving prominent broadcasting company. Indenture trustee sat on the creditors' committee appointed in the cases and the court confirmed a joint plan of reorganization less than six months after the petition date. In re Citadel Broad. Corp., et al., Case No. 09-17442 (BRL) (Bankr. S.D.N.Y. filed December 20, 2009)

In re Irwin Financial Corporation. Represented an indenture trustee for approximately $47 million in debt instruments in case involving an insolvent bank holding company for a failed bank. In re Irwin Financial Corporation, Case No. 09- 13852 (Bankr. S.D. Ind. filed September 18, 2009)

Education

Awards