Bennett Spiegel represents debtors, creditors, creditors' committees, trustees, and asset purchasers in corporate restructurings and bankruptcies in a variety of industries.
He is currently advising RBS in the Thornburg Mortgage cases. His recent successes include a speedy plan confirmation in the MF Global cases on behalf of creditor plan proponents holding claims in excess of $1 billion, affirmance of the dismissal of claims to recover $4.3 billion from Non-Agent Secured Lenders in Adelphia, Summary Judgment for Greenwich Capital against the ABFS Trustee seeking $100+ million, and East West Bank's appeal reversing the plan confirmation order and defeating confirmation on remand in Ravello Landing.
Before joining Jones Day, Bennett's chapter 11 debtor representations included the $385 million sale of Leiner Health Products; Calpine's disposition of $1+ billion in power plants and other assets; developing a reorganization plan for W.R. Grace; selling Cable & Wireless USA for multiples of the stalking-horse bid and resolving $6 billion in claims; and reorganizing actress Zsa Zsa Gabor. His prior chapter 11 creditor representations included advising Greenwich Capital in its $500, $215, and $100 million DIP financings of ABFS, Oakwood Homes, and New Century Financial; the creditors' committee plan proponent in the $600 million Reed Slatkin Ponzi scheme case; Morgan Creek, Alliance Atlantis, and nWave as creditors/asset purchasers; and Motley Crue in the bankruptcy of its lead singer.
Bennett is a member of the ABI, LA Bankruptcy Forum, and Financial Lawyers Conference and the editorial board of The Bankruptcy Strategist.
Community hospital successfully negotiates debt obligations
MF Global obtains fast track confirmation of chapter 11 plan of liquidation
Greenwich Capital obtains summary judgment on all counts in suit brought by chapter 7 trustee
Honors & Distinctions
Chambers USA (2011-2014)
Southern California Super Lawyers (2005-2014)
Law Clerk to the Honorable M. Joseph Blumenfeld, U.S. District Court, District of Connecticut (1984-1985)