Joel Shapiro represents debtors, plan-of-reorganization proponents, asset purchasers, institutional lenders, lender groups, creditors, and creditors' committees. He also focuses his practice on bankruptcy, reorganizations, and workouts, including:
· acquisition of assets under the Uniform Commercial Code or applicable provisions of the Bankruptcy Code
· loan restructuring with secured creditors
· debtor-in-possession financing
· intercreditor relationships
Mr. Shapiro is recognized as a leader in the fields of bankruptcy and restructuring by Chambers USA. Chambers notes he is "a very talented advocate" and "an exceptional lawyer, who is good on his feet" who "is best known for his prowess in Section 363 sales." He has also received the highest possible rating from Martindale-Hubbell.
Mr. Shapiro is a frequent writer and lecturer on bankruptcy issues. He recently spoke at the American Bankruptcy Institute's Mid-Atlantic Bankruptcy Workshop on "Anything but Bankruptcy!: ABC's of Receivership and Other Alternatives" and wrote an article for the Journal of Corporate Renewal regarding the Bankruptcy Abuse, Prevention, and Consumer Protection Act of 2005.
Representative Matters
· Metropolitan 885 Third Avenue Leasehold, LLC as counsel to debtor in their prepackaged Chapter 11 Plan of Reorganization for the iconic "lipstick building" in New York City
· Braniff, Inc. as counsel to the international airline in its Chapter 11 proceeding
· Caldor, Inc. as counsel to purchaser and assignee of substantial leases from non-residential real property for national merchandise retailer
· Lechters, Inc. as counsel to purchaser and assignee of substantial leases of non-residential real property from national houseware retailer
· Today's Man as counsel to debtor in reorganization of men's superstore retail chain Chapter 11 case and in subsequent Chapter 11 seven years later
· Norstan Apparel Stores, Inc. as counsel to purchaser and assignee of over 100 leases of non-residential real property from national apparel and accessory retailer
Community Service & Affiliations
Mr. Shapiro is a member of the Children's Hospital of the University of Pennsylvania.
Memberships
American Bar Association
Children's Hospital of Pennsylvania
Emory University Alumni Association
New Jersey State Bar Association
Pennsylvania Bar Association
Philadelphia Bar Association
University of Miami Alumni Association
Events
IF THINGS ARE BETTER, WHY AM I STILL NERVOUS-REDUCING RISKS IN A CLOSING
[Event]
2012 Aircraft Registration Conference
Delray Beach, Florida
February 9-10, 2012
Joel Charles Shapiro
AIRCRAFT OWNERSHIP: STRATEGIES, OPPORTUNITIES & IMPLICATIONS
[Event]
Four Seasons Hotel, Philadelphia, Pennsylvania
May 24, 2011
David M. Kuchinos and Joel Charles Shapiro
REPOSSESSION AND REMEDIES IN TRANSITION
[Event]
National Business Aviation Association Aircraft Registration Conference
Naples, Florida
February 3-4, 2011
Joel Charles Shapiro
TOUGH BUSINESS ISSUES FACING AIRCRAFT OWNERS/OPERATORS
[Event]
14th Annual Corporate Aircraft Transactions
New York, New York
June 1-2, 2009
Joel Charles Shapiro
COMMERCIAL VS. PRIVATE: AN INTRODUCTION TO BUSINESS AVIATION
[Event]
Washington, DC
May 23, 2007
Joel Charles Shapiro and David M. Kuchinos
Publications
NEW BANKRUPTCY LAW SWINGS PENDULUM IN LANDLORDS' FAVOR
[Article]
Turnaround Management Association-The Journal of Corporate Renewal
July 2005
Joel Charles Shapiro
PRE-BANKRUPTCY PLANNING ISSUES
[Article]
Philadelphia Business Journal
2004
Joel Charles Shapiro
MOTIONS FOR FIRST DAY ORDERS IN A CHAPTER 11 CASE
[Article]
Pennsylvania Bar Institute Course Materials
1999
Joel Charles Shapiro
SHOULD THE LESSOR CARE WHETHER DEFAULTS ARE CURED?
[Article]
Leader's Equipment Leasing Newsletter
January 1997
Joel Charles Shapiro
PENNSYLVANIA UNIFORM FRAUDULENT TRANSFER ACT: TRANSFERS-WHAT AND WHEN
[Article]
Pennsylvania Bar Institute Course Materials Journal
1995
Joel Charles Shapiro
ADVANCED ISSUES IN COMMERCIAL BANKRUPTCY
[Article]
Pennsylvania Bar Institute Course Materials Journal
1993
Joel Charles Shapiro
THE CHAPTER 11 PROCESS
[Article]
Pennsylvania Bar Institute Course Materials Journal
1991
Joel Charles Shapiro
NON-DEBTOR THIRD PARTIES AND THE BANKRUPTCY CODE: IS PROTECTION AVAILABLE WITHOUT ACTUALLY FILING?
[Article]
Commercial Law Journal
Fall 1990
Joel Charles Shapiro
PENSION AND PROFIT SHARING PLANS AND THE BANKRUPTCY CODE: IS THE NEST EGG SUBJECT TO THE REACH OF CREDITORS?
[Article]
Pennsylvania Bar Association Quarterly
October 1988
Joel Charles Shapiro
THE CHAPTER 11 PROCESS: WHAT HAPPENS WHEN THE COMPANY FILES
[Article]
Pennsylvania Bar Institute Course Materials Journal
1988
Joel Charles Shapiro
REAL ESTATE AND THE BANKRUPTCY CODE
[Article]
ALI-ABA Course Materials Journal
1987
Joel Charles Shapiro
THE SECURED CREDITOR
[Article]
ALI-ABA Course Materials Journal
1986
Joel Charles Shapiro
Cases and Deals
SINGER NY ACQUIRES ASSETS OF M. TUCKER CO., INC.
[Deal]
June 17, 2011
Kipp B. Cohen, Joel Charles Shapiro, Donald D. Gamburg and Cory G. Jacobs
Singer NY, LLC, a wholly owned subsidiary of Singer Equipment Company, Inc., in the acquisition of certain of the assets of M. Tucker Co., Inc.
BLANK ROME REPRESENTS OWNERS OF ICONIC "LIPSTICK BUILDING" IN PREPACKAGED BANKRUPTCY
[Case]
January 2011
Joel Charles Shapiro, Marc E. Richards, Scott F. Budzenski, Steven A. Shoumer and Robyn Neff
Blank Rome represented the owners of 885 Third Avenue, the iconic New York City office building known as the "Lipstick Building," in a prepackaged bankruptcy that resulted in the restructuring of debt and equity positions that benefited our client by more than $80 million.
NCO GROUP TO ACQUIRE OUTSOURCING SOLUTIONS FOR $325 MILLION
[Deal]
February 29, 2008
Lawrence R. Wiseman, Francis E. Dehel, Melissa Palat Murawsky, Margaret Anne Hill, Arthur Bachman, Barry L. Klein, et al.
NCO Group, Inc., in its definitive agreement to acquire Outsourcing Solutions Inc., for $325 million.
Recognition
CHAMBERS USA 2011 RECOGNIZES MORE BLANK ROME ATTORNEYS AND PRACTICES
[Ranking]
June 10, 2011
Thomas H. Belknap, Jr., Thomas E. Biron, Fred Blume, Kevin J. Bruno, David W. Carickhoff, Sara L. Chenetz, et al.
CHAMBERS USA 2010 RECOGNIZES MORE BLANK ROME ATTORNEYS AND PRACTICES
[Ranking]
June 11, 2010
Thomas H. Belknap, Jr., Thomas E. Biron, Fred Blume, Ernest W. Chung, Scott F. Cooper, Steven Dubow, et al.
CHAMBERS USA 2009 RECOGNIZES MORE BLANK ROME ATTORNEYS AND PRACTICES
[Ranking]
June 2009
Thomas H. Belknap, Jr., Thomas E. Biron, Fred Blume, Scott F. Cooper, Steven Dubow, Bonnie Glantz Fatell, et al.
CHAMBERS USA 2008-HIGHER RANKINGS FOR MORE BLANK ROME TEAMS AND ATTORNEYS
[Ranking]
June 2008
Thomas E. Biron, Fred Blume, Scott F. Cooper, Steven Dubow, Bonnie Glantz Fatell, Joseph S. Finkelstein, et al.
CHAMBERS USA 2007 RECOGNIZES BLANK ROME'S LEADING PRACTICES AND ATTORNEYS
[Ranking]
June 2007
Thomas E. Biron, Fred Blume, Steven Dubow, Bonnie Glantz Fatell, Lawrence F. Flick II, Harvey I. Forman, et al.
CHAMBERS USA 2006 RECOGNIZES BLANK ROME AS LEADING LAW FIRM
[Ranking]
June 2006
Thomas E. Biron, Fred Blume, Bonnie Glantz Fatell, Lawrence F. Flick II, Harvey I. Forman, Anthony B. Haller, et al.