Michael J. Edelman
Shareholder
T: +1 (212) 407 6970
F: +1 (212) 407 7799
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New York
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E:
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Michael J. Edelman joined the firm’s New York office as a Shareholder in September 2005. Mr. Edelman practices both the corporate and litigation sides of the bankruptcy and restructuring fields, and also has extensive experience in aircraft financings and aircraft asset dispositions. His practice involves all aspects of bankruptcy litigation, proceedings, negotiation and restructuring. Mr. Edelman has experience in many of the significant Chapter 11 reorganizations and out of court restructurings of the past two decades as counsel to creditors, debtors and financial institutions. These include:
General Motors—headed representation of provider of over $9 billion of DIP financing and co-sponsor in asset sales into the new GM
Chrysler—headed representation of provider of over $3 billion of financing and co-sponsor of asset sales into the new Chrysler
Delta Air Lines—led representation of largest group of aircraft financiers
Frontier Airlines—led bankruptcy representation of largest group of aircraft financiers
Mesa Airlines—led bankruptcy representation of largest group of aircraft financiers
Northwest Airlines—led debtors’ preparation of aircraft restructuring strategy
Lodgian, Inc.—represented debtor-
in-possession
WCI Steel—represented debtor’s parent
United Air Lines—represented large group of aircraft financiers
US Airways—represented group of aircraft financiers
Continental Grain—represented secured bank group
World Access—led representation of creditors’ committee and architect of unique chapter 11 plan
HomePlace Stores—represented debtor
Grand Union—represented purchaser of debtor’s assets
Bidermann Industries/Maurice Bidermann—represented one of the largest, and the most active and successful, unsecured creditor
Foundation for New Era Philanthropy—represented largest group of philanthropists and one of the authors of unique chapter 7 settlement
Safety Components—represented debtor
Olympia & York—represented secured creditors who were owed in excess of
$1.3 billion
Maxwell Communication Corporation—represented joint administrators
Trans World Airlines—represented large group of aircraft financiers
Continental Airlines—represented largest group of aircraft financiers
Midway Airlines—represented large group of aircraft financiers
Pan Am—represented PBGC, the largest creditor in case
US Lines—represented debtor
Finley Kumble—represented chapter 11 trustee
Mr. Edelman also has been engaged in numerous representations involving international airline restructurings and enforcement actions, such as Varig, Air Comet and Mexicana. He also has extensive experience in distressed asset litigation and numerous trial and appellate representations (including numerous Circuit Court victories, such as his recent successful representation of the Class C Noteholders in NextCard/NextBank credit card securitization, in which Mr. Edelman prevailed before the Second Circuit in which his clients were awarded all of the remaining assets held by the securitization vehicle). Mr. Edelman also has handled an extensive number of out-of-court reorganizations for companies large and small. He has helped implement numerous court-approved debtor-in-possession financings and several unique financing and asset sale structures through bankruptcy cases, such as structuring insurance settlements and asset purchases in several asbestos cases.
In addition to other types of restructuring work, Mr. Edelman has had significant experience consulting on in-court and out-of-court restructurings of leveraged lease and mortgaged aircraft financings. He has also been recognized as one of the leading counsel handling enforcements, restructurings, and reorganizations involving airlines and aircraft. In this regard, he has authored the United States Chapter in Aircraft Repossession and Enforcement, Practical Aspects (Ravi Nath & Berend Crans eds., Internal Bar Association and Kluwer Law International, 2009) and been selected to co-author with Douglas J. Lipke a forthcoming chapter in Colliers on Airline Industry Reorganizations.
Mr. Edelman was selected for inclusion from 2009 to 2011 in New York Super Lawyers.
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- J.D., New York University School of Law, 1990
- B.A., cum laude , University of Pennsylvania, 1987
- B.S., cum laude, University of Pennsylvania (The Wharton School of Business), 1987
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