Jordan A. Wishnew

Of Counsel

New York, (212) 336-4328

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Education

Emory University (B.A., 1999)
;
Brooklyn Law School (J.D., 2002)

Practices

Business Restructuring + Insolvency

Bar Admissions

New Jersey
New York

Jordan Wishnew has wide-ranging experience in all areas of bankruptcy law, including in all aspects of Chapter 11 cases and out-of-court workouts. He regularly represents secured lenders, administrative agents, official and ad hoc creditors’ committees, acquirers of distressed assets, and debtors in Chapter 11 cases throughout the country. Mr. Wishnew has advised clients in restructurings in a variety of industries, including real estate, hospitality and lodging, mortgage services, retail, semiconductors, and gaming. He has significant experience in the prosecution of involuntary Chapter 11 petitions, Bankruptcy section 363 asset sales, and the liquidation and orderly wind down of Chapter 11 estates.

He received a 2010 Burton Distinguished Writing Award in Law for an article he co-authored with Norman S. Rosenbaum and Alexandra Steinberg Barrage.

Mr. Wishnew received his J.D. from Brooklyn Law School in 2002 and his B.A. from Emory University in 1999. He is admitted to practice in the states of New York and New Jersey, the United States District Courts for the Southern and Eastern Districts of New York and the District of New Jersey, and the United States Court of Appeals for the Second Circuit. He is a member of the Bankruptcy Inn of Court for the District of New Jersey.

Residential Capital, LLC

(Bankr. S.D.N.Y.) Counsel to Residential Capital, one of the largest residential real estate finance companies with assets and liabilities each in excess of $15 billion, whose business is comprised primarily of loan servicing and origination, and its subsidiary companies, in their pending chapter 11 cases. Residential Capital was the largest bankruptcy filing of 2012 and the case represents the first time ever that a mortgage servicer was able to successfully continue servicing and originating mortgages in bankruptcy and be sold as a going concern.

In re South Edge, LLC

(Bankr. D. Nev.) Representation of JPMorgan Chase Bank, N.A. as administrative agent for a syndicate of lenders, which provided approximately $585 million in secured financing for a planned multibillion-dollar real estate project in Las Vegas. MoFo filed and successfully defended the involuntary Chapter 11 bankruptcy petition against South Edge, LLC, the developer of the 2,000-acre master planned community, and then negotiated and implemented a reorganization plan, together with a majority of the homebuilder equityholders, which provided the lending syndicate with a par-plus recovery of $335 million.

In re Innkeepers USA Trust

(Bankr. S.D.N.Y.) Representation of the official committee of unsecured creditors of Innkeepers USA Trust in its Chapter 11 bankruptcy. This is one of the largest national cases, by debt size, filed in 2010 with $1.29 billion in prepetition secured debt, which culminated with the sale of 64 of Innkeepers' hotels to affiliates of Cerberus Capital Management for $1.02 billion. Unsecured creditors are estimated to recover approximately 80–90% on their allowed claims, with many to be paid in full.

In re General Growth Properties, Inc., et al.

(Bankr. S.D.N.Y.) Represents Eurohypo AG’s New York Branch and a group of lenders that has more than $2.6 billion of exposure to GGP. Soon after confirmation of GGP’s reorganization plan, we worked with the agent to defeat GGP’s objection to the agent’s claim for default interest on the loan, and obtained an order from the bankruptcy court awarding the agent, for the benefit of the lenders, over $89 million in contract-rate default interest.

Paper International, Inc.

(Bankr. S.D.N.Y.) Represented Paper International, Inc. (“PII”), and Fiber Management of Texas, Inc. (“FMT”), in their Chapter 11 cases. The New Mexico-based PII and the Texas-based FMT are U.S. subsidiaries of one of the largest integrated paper producers in North America and guarantors of the parent company's $520 million bond debt. After extensive negotiations among the stakeholders in the case, PII, FMT, and their ultimate Mexican parent Corporación Durango, proposed a joint reorganization plan that was overwhelmingly approved by creditors and approved by the Bankruptcy Court.

MF Global Holdings Ltd.

(Bankr. S.D.N.Y.) Counsel to Louis J. Freeh, former Federal Judge and former Director of the Federal Bureau of Investigation, as Chapter 11 Trustee for MF Global in its Chapter 11 bankruptcy proceeding. With $41 billion in assets at the time of filing, MF Global was the largest bankruptcy filing of 2011 and the eighth-largest in U.S. history. This case involves a wind-down of an extremely complex global operation and the realization of value from various entities in the MF Global Group, many of which are in their own administration or liquidation proceedings domestically and internationally.