Mark T. Power

Mark T. Power: Attorney with Hahn & Hessen LLP AV stamp icon
  • Partner, Bankruptcy & Restructuring at Hahn & Hessen LLP
  • 488 Madison Avenue, New York, NY 10022
    View Mark T. Power's office location
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    5.0/5.0 (0)
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Attorney Awards

Biography

Mark has extensive experience in all aspects of financial restructuring and insolvency issues. He represents creditors' committees, debtors, noteholders, lenders and secured creditors in bankruptcy proceedings as well as acquirers of and investors in troubled, distressed and bankrupt companies. His practice also includes counseling management and creditors with respect to insolvency matters and crisis management. He has played a prominent role in large and small restructurings and bankruptcies throughout the United States. His broad-based, well-rounded practice and experience has enabled him to provide clients with unique and innovative solutions to highly complex and litigious matters.

Mark has represented numerous creditors' committees in high profile bankruptcy proceedings including:

•Vertellus Specialties Inc., large multi-national specialty chemical manufacturer;
•Hancock Fabrics, Inc., one of the largest fabric retailers in the United States;
•AWI Delaware, Inc., White Rose and Nell’s, mid-Atlantic and New Jersey based supermarket and specialty store distributor and retailer;
•Reichhold Holdings US, Inc., manufacturer of unsaturated polyester resins for fabrication of composite products and coatings;
•Syms Corp and Filene’s Basement, clothing and accessories retailer;
•Extended Stay/Homestead Hotels, large international hotel operator;
•Furniture Brands International, Inc., manufacturer, wholesaler and retailer of home furniture and furnishings;
•PJ Finance Company, LLC, owner and property manager of 33 apartment complexes located throughout the United States;
•New Century Financial Corporation, residential home mortgage originator, securitizer and servicer;
•American Home Mortgage Investment Corp., residential home mortgage originator, securitizer and servicer;
•Credit-Based Asset Servicing And Securitization LLC (Litton Servicer), whole loan purchaser and securitizer;
•Ciena Capital LLC, originator, securitizer and servicer of Small Business Association 7(a) loans, Dept. of Agriculture loans and Commercial real estate loans;
•Penson Holdings, Inc., clearing broker and execution provider;
•Loehmann’s Holdings, Inc. (II), clothing and accessories retailer;
•Teleglobe Communications Corp., US Subsidiary of Canadian telecommunications company;
•MPC Computers LLC, manufacturer of Gateway computers and laptops;
•TW, Inc. (The Wiz Electronics Stores), electronics and computer retailer;
•Cone Mills Corp., the largest U.S. producer of denim-based products;
•American Classic Voyages Corp., the largest U.S.-flagship cruise company;
•Joan & David’s, a chain of retail stores selling high-end women’s and children’s shoes and accessories;
•Musicland Holding Corp. (Sam Goody’s), music, video and electronics retailer with over 850 stores;
•4Kids Entertainment, Inc., full-service children’s brand management company;
•Crabtree & Evelyn, personal care products retailer and manufacturer;
•HQ Global Holdings, Inc., worldwide provider of temporary office space.

He has also represented sellers and purchasers of debt and equity positions of troubled companies and acquirers of distressed businesses in such industries as telecommunications and integrated communications providers; e-commerce; internet and technology; manufacturing; marketing; retail chains and energy.

Mark has counseled lenders in post-petition financing transactions in such industries as retail, manufacturing, telecommunications, environmental remediation, restaurant chains and hospitality. And he has worked on behalf of creditors and other parties-in-interest in bankruptcy reorganization and liquidation proceedings including the handling of DIP financing or cash collateral motions, relief from the automatic stay and adequate protection matters, the assumption or rejection of unexpired leases or executory contracts, valuation hearings, plan formulation and drafting, and confirmation hearings. Mark also represents plaintiffs or defendants in a variety of adversary proceedings regarding lien and priority issues, preferences, equitable subordination, fraudulent conveyances and/or inter-creditor disputes.

Mark lectures frequently on current restructuring and bankruptcy issues. He also contributes to various publications and seminar materials on a variety of restructuring and bankruptcy topics. He is admitted to practice before the United States Courts of Appeal for the Second and Third Circuits.

Publications

•Sub-Prime Primer: The Key Legal Issues Facing Creditors, Mortgage Loan Originators and Servicers in Chapter 11

News & Events

•13 Hahn & Hessen Lawyers Named to 2018 List of New York Metro Area Super Lawyers
•Hahn & Hessen Closes Asset Sale of Advance Sports Enterprise, Inc.'s Wholesale Business
•Hahn & Hessen Defends Appellate Decision in Favor of ADI Liquidation, Inc.
•13 Hahn & Hessen Lawyers Named to 2017 List of New York Metro Area Super Lawyers
•12 Hahn & Hessen Lawyers Named to 2016 List of New York Metro Area Super Lawyers
•Hahn & Hessen Selected as Lead Counsel to Creditors’ Committee of Specialty Chemical Manufacturer Vertellus Specialties Inc., et al.
•Hahn & Hessen Selected as Lead Counsel to Creditors’ Committee in Hancock Fabrics, Inc., et al.
•12 Hahn & Hessen Lawyers Named to 2015 List of New York Metro Area Super Lawyers
•Power Selected to Speak at the 2015 ABI Annual Winter Leadership Conference
•13 Hahn & Hessen Lawyers Named to 2014 List of New York Metro Area Super Lawyers
•Hahn & Hessen Selected as Lead Counsel to Creditors' Committee in Reichhold Holdings US, Inc., et al.
•Hahn & Hessen Selected as Lead Counsel to Creditors' Committee in Associated Wholesalers, Inc. and White Rose, Inc., et al.
•Power Selected to Moderate Panel on Current Developments in Bankruptcy at the 2014 ABI Annual Winter Leadership Conference
•Hahn & Hessen Selected as Lead Counsel to Creditors' Committee in Furniture Brands International
•Power Moderates Panel at Association of Insolvency & Restructuring Advisors Conference
•10 Hahn & Hessen Lawyers Named to 2013 List of New York Metro Area Super Lawyers
•Hahn & Hessen Selected as Counsel to Creditors' Committee in Prommis Holdings, LLC, et al.
•Chapter 11 Case in which Hahn & Hessen Represented the Creditors Committee Wins the “Real Estate Deal of Year” by the M&A Advisor Turnaround Atlas Awards
•Hahn & Hessen Selected as Counsel to Creditors' Committee in Penson Worldwide, Inc., et al.
•12 Hahn & Hessen Lawyers Named as 2012 New York Metro Area Super Lawyers
•Hahn & Hessen Selected as Counsel to Creditors' Committee in Betsey Johnson LLC
•Hahn & Hessen Selected as Counsel to Creditors' Committee in Filene's Basement and Syms Corp.
•10 Hahn & Hessen Lawyers Named as 2011 New York Metro Area Superlawyers
•Hahn & Hessen Selected as Counsel to Creditors’ Committee in 4Kids Entertainment Inc.
•Hahn & Hessen Selected as Counsel to Creditors’ Committee in PJ Finance Company, LLC
•Hahn & Hessen Selected as Counsel to Creditors’ Committee in Credit-Based Asset Servicing and Securitization LLC (C-BASS)
•Hahn & Hessen Selected as Counsel to Creditors’ Committee in Loehmann’s Holding Inc.
•11 Hahn & Hessen Lawyers Named as 2010 New York Metro Area Superlawyers

Areas of Practice (1)

  • Bankruptcy & Restructuring

Education & Credentials

Contact Information:
212.478.7350  Phone
212.478.7400  Fax
www.hahnhessen.com
University Attended:
George Washington University, B.B.A., 1985
Law School Attended:
Boston College Law School, J.D., cum laude, 1988
Year of First Admission:
1988
Admission:
1989, New York; 1989, U.S. District Court, Southern and Eastern Districts of New York and U.S. District Court, District of New Jersey; 1988, New Jersey
Birth Information:
1960
ISLN:
904334836

Peer Reviews

5.0/5.0
A Martindale-Hubbell Peer Rating reflects a combination of achieving a Very High General Ethical Standards rating and a Legal Ability numerical rating.

*Peer Reviews provided before April 15, 2008 are not displayed.

New York, New York

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