Ira S. Greene: Lawyer with Edwards Wildman Palmer LLP

Ira S. Greene

New York,  NY  U.S.A.
Phone212 912 2880

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AV® Preeminent

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Practice Areas

  • Restructuring & Insolvency
  • Real Estate
  • Debt Finance & Capital Markets
  • Mergers & Acquisitions
  • Private Equity
  • Venture Capital
  • Educational Institutions
  • Banking & Financial Institutions
  • Energy & Cleantech
  • Healthcare
  • Life Sciences
  • Aviation and Aerospace
  • Technology
  • Media & Telecommunications
  • Hospitality
University Syracuse University, B.A., 1968
Law SchoolNew York University School of Law, J.D., 1971
Admitted1972, New York; U.S. Court of Appeals, Second Circuit; U.S. District Court, District of Connecticut; U.S. District Court, Southern and Eastern Districts of New York; U.S. District Court, Western District of Wisconsin


American Bankruptcy Institute
Association of Commercial Finance Attorneys
New York City Bar Association

BornNew York, New York, November 21, 1946

Ira Greene is a partner in the firm's Restructuring and Insolvency Department. He has than 35 years of experience in the areas of business restructuring, bankruptcy law and commercial finance.

Ira has considerable experience representing purchasers and structuring transactions for the purchase of businesses in Chapter 11 and secured party sales under the Uniform Commercial Code. He represented the successful bidder for Lockwood Greene in the JA Jones Chapter 11 case, one of the largest construction related businesses to be subject to a U.S. bankruptcy case. He advised the purchaser, with respect to bankruptcy issues, in the 16.7 billion purchase of Archstone from Lehman Brothers. He represented the buyer in the purchase of the Super Glue business, pursuant to a Chapter 11 Plan, distributing public stock of the Purchaser's parent to creditors in satisfaction of their claims.

Ira has substantial experience representing creditors committees in Chapter 11 cases such as Apollo & Spartan Discount Stores, Korvettes, McCrory Corp., Meredith Steel Corp., MK Labs, Yes! Entertainment, and a GSC Bond Fund. He also has represented members and Chairmen of creditors committees in several substantial cases. Ira serves as Chairman of each of the major post-confirmation committees in the multibillion dollar Refco Chapter 11 case - the Plan Administration Committee, the Litigation Trust Committee, and the Private Actions Litigation Trust Committee.

Ira also has experience representing debtors in Chapter 11 cases and non-judicial debt workouts. He represented an international chemical company, as a debtor-in-possession, successfully confirming its Chapter 11 case, leaving prepetition ownership intact, in the face of aggressive attempts by several large multinational chemical companies to purchase the business. He also completed a successful non-judicial debt workout for a chain of over 100 family restaurants.

Ira has advised clients and participated in several cross-border insolvency cases including cases under Chapter 11, Chapter 15 and its predecessor, Section 304 of the U.S. Bankruptcy Code. He has substantial experience in fraudulent conveyance litigation. Ira is also adept at handling state insolvency proceedings.

Ira has participated in many large and complex bankruptcy cases including Refco; Lehman Brothers; Elpida; Qimonda; Madoff; MModal; Drexel Burnham Lambert; WorldCom; Enron, Firstplus Financial, Inc.; Orleans Homebuilders; J.A. Jones Construction; Lockwood Greene; Marvel Entertainment Group; Delta Airlines; Northwest Airlines; American Airlines; Mexicana Airlines; United Airlines; USAIR; Pan Am; Trans World Airlines; Braniff; Air Canada; Japan Airlines; Alitalia; Frontier Airlines; Avianca; Swissair; Aeromexico; W.T. Grant, Korvettes, Inc.; Ames Department Stores, Inc.; McCrory Corporation; Calumet Farms; Peter Kalikow; Federated Department Stores, Inc.; Allied Stores Corporation; R.H. Macy & Co., Inc.; Eddie Haggar, Ltd.; Sasson Jeans, Inc.; Olins Rent-A-Car, Inc.; Columbia Ribbon and Carbon Manufacturing Company, Inc.; Mordecai Weissman (O.P.M. Leasing Services, Inc.); Apollo Merchandising Corp. (Apollo and Spartan Discount Stores); Maxwell Communications; Meredith Steel Company; ICS Computer Leasing, Inc.; Red Barn Restaurants, Inc.; Times Square Stores; Merry-Go-Round Enterprises, Inc.; Murjani; Gantos, Inc.; Laventhol & Horwath; Jamesway Corporation; Caldor, Inc.; Golden-Lee Book Distributors, Inc.; Giant Carpet Stores; KIWI Airlines; Marvel Entertainment Group, Inc.; Super Glue; Australis Holdings PTY Limited; Brothers Gourmet Coffees, Inc.; Yes! Entertainment Corporation; Starter Corporation; Montgomery Ward; Kmart; Service Merchandise; Stanwich Financial Services; Swissair; Enron; Skybus; Globalstar; Renaissance Cruise Lines; Spiegel/Eddie Bauer; Loral; Royal Olympic Cruise Lines; Winn Dixie; K.B. Toys; Friedmans; Levitz Furniture Stores; Varig Airlines; United Hospital; Bally Total Fitness; Tweeter Home Entertainment; Sharper Image; and Linens N' Things.

Ira has lectured and spoken at industry and legal forums, including the Association of Commercial Finance Attorneys, the Pacific Rim Advisory Council, the National Business Institute, the New York Institute of Credit, and the New York State Women's Bar Association. Topics have included Sales of Insolvent Businesses Under the Bankruptcy Code, Chapter 15 and Cross Border Insolvency Issues, Creditor Strategies in Cases Under Chapters 7 and 11 of the Bankruptcy Code, Creditors' Rights in Chapter 11 Cases, Comparing Chapter 11 Procedures and Case Law - Delaware, New York and New Jersey, and Secured Creditors' Rights in Bankruptcy Cases/Real Property Foreclosures.

Ira has participated in several international insolvency proceedings pending in two or countries, including, among others, Aeromexico, Australis Holdings PTY Limited, Elpida, Murjani, Qimonda, Refco, Swissair, Quebecor, Lehman Brothers, Alitalia, Varig, Mexicana Airlines, Straumer Bank, and White Birch Paper Holding Company.

Ira has served as trustee in than 1,000 cases under Chapter 7 of the US Bankruptcy Code and under the prior law, the Bankruptcy Act.

Ira represents holders and purchasers of distressed commercial real estate mortgage loans. His representation includes real property workouts and consensual and non-consensual real property Chapter 11 cases.

Ira has represented domestic lenders, foreign lenders, and borrowers in the documentation and closing of financing transactions. He has counseled companies engaged in factoring and accounts receivable financing regarding preparation of loan documents, closing of financing transactions, borrower workouts, and borrower bankruptcy cases. He has supervised the preparation and review of solvency opinions, non-consolidation opinions, and security interest creation/perfection opinions in connection with complex financing transactions.

Ira has represented a wide variety of clients under Chapters 7 and 11 of the U.S. Bankruptcy Code. They include debtors, creditors committees, secured creditors, bankruptcy trustees, mezzanine lenders, indenture trustees, purchasers of secured and unsecured debt, petitioning creditors, landlords, unsecured creditors, insurance companies, credit card companies, Mastercard/Visa merchant processing companies, financial institutions, and accounts receivable finance companies. He has substantial experience in fraudulent conveyance litigation. Ira is also adept at handling state insolvency proceedings.

Ira has headed a cross-department group that negotiated and documented the purchase and sale of participations in distressed syndicated secured loans. Ira has participated in the preparation and revision of accounts receivable financing and merchant credit card processing form agreements and in the documentation and closing of Economic Development Authority financing transactions including public bond transactions.

Before Edwards Wildman

Prior to joining Edwards Wildman, Ira was a partner at the law firm of Hogan Lovells.

Besides Edwards Wildman

Ira enjoys playing tennis and has an interest in wine. He served as president and chairman of The Wine and Food Society of New York, the oldest continuously operating wine society in the United States. Ira is also a member of several other wine societies.

Ira Greene Joins Edwards Wildman as Restructuring & Insolvency Partner in New York City
February 19, 2014


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Office Information

Ira S. Greene

750 Lexington Avenue
New YorkNY 10022-1200


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