Insider Recognizes Richard Pachulski and Bradford Sandler as Top Bankruptcy Lawyers

According to Insider, there is an expected increase in chapter 11 bankruptcy filings and out-of-court workouts over the next year. Insider listed Richard Pachulski and Brad Sandler as two of the top attorneys in this space.

“Pachulski Stang Ziehl & Jones, known as the largest restructuring boutique firm in the US, has some 80 attorneys advising on high-profile bankruptcies, representing companies, creditors’ committees, and other constituents.

Sandler, who cochairs the firm’s creditors’ committee practice group, has represented creditors’ committees in the bankruptcies of Barneys New York, The Weinstein Co., and J.Crew.

He has also represented parties like the equity committee in the 2020 bankruptcy of the home-goods company Tuesday Morning Corp., helping to put together an arrangement that led to even its unsecured creditors getting paid in full, he said.

‘In a retail case, it’s extremely rare for old equity to get reinstated — and to have that happen during the pandemic was truly a remarkable result,’ Sandler said.

Pachulski has represented companies in bankruptcy such American Suzuki Motor Corp., and Sizzler International. He also represented creditors’ committees in major cases like the Neiman Marcus Chapter 11 filing.

He said he expected to see more restructurings and bankruptcy filings coming from companies in traditional sectors.

‘Retail, restaurants, and businesses like them are what Chapter 11s are made for,’ he said.

‘There’s a real reorganization there, as compared to a liquidation, for many of those businesses.’”

(subscription required).