Jennifer is a partner in the Business Restructuring & Insolvency Group and co–chair of MoFo’s finance department. She has extensive experience in representing chapter 11 debtors, creditors, investors, and other parties in interest in all aspects of complex corporate restructurings, including chapter 11 cases, out–of–court restructurings, and distressed acquisitions.
Her practice includes advising senior management and boards of directors of financially troubled companies on restructuring and business operations in chapter 11, advising official committees of creditors on restructuring strategies, negotiating and structuring financings and other commercial transactions, and advising clients seeking to purchase businesses and related assets out of chapter 11 proceedings.
Jennifer is recommended by Legal 500 US and was recognized as a “Next Generation Lawyer” for 2017 and 2018 in the area of corporate restructuring. She was named a Bankruptcy Rising Star for 2016 and 2017 by Law360, and “Outstanding Young Restructuring Lawyer” for 2016‑2019 by Turnarounds & Workouts. The American Bankruptcy Institute also honored Jennifer in 2018 as one of their “40 Under 40,” a list recognizing emerging leaders in insolvency practice.
She is a member of the New York City Bar’s Bankruptcy & Corporate Reorganization Committee and chairs its Women in Law Subcommittee. Jennifer is also a member of the International Insolvency Institute’s NextGen Leadership Program, a board member of the Women in Law Empowerment Forum, a member of the Turnaround Management Association’s NextGen Committee, and on the steering committee of the Zaretsky Roundtable Program.
Jennifer served as a law clerk to the Honorable Robert D. Drain, United States Bankruptcy Judge for the Southern District of New York.
Ad Hoc Group of Constitutional Bondholders of the Commonwealth of Puerto Rico Counsel to an ad hoc group of holders of bonds issued and/or guaranteed by the Commonwealth of Puerto Rico (constitutional debt) in connection with the first restructuring proceeding under the newly enacted Puerto Rico Oversight, Management, and Economic Stability Act. Working in coordination with other holders of constitutional debt, the ad hoc group has engaged in targeted litigation and efforts to negotiate a plan for the Commonwealth’s restructuring, while simultaneously defending attempts to invalidate more than $6 billion of the Commonwealth’s $18 billion of outstanding constitutional debt.
In re Windstream Holdings, Inc., et al. (Bankr. S.D. N.Y.) Counsel to the official committee of unsecured creditors of Windstream Holdings, Inc., and its affiliated debtors in their chapter 11 case. Windstream is a leading provider of advanced network communications, technology, broadband, security, entertainment, and core–transport solutions to both consumer and business customers across the United States. Windstream had approximately $5.6 billion in prepetition obligations at the time of its filing.
In re Cloud Peak Energy, et al. (Bankr. D. Del.) Counsel to the official committee of unsecured creditors of Cloud Peak Energy, one of the largest coal producers and suppliers in the United States, and certain of its subsidiaries, in its filing for chapter 11 bankruptcy protection.
In re Westmoreland Coal Company, et al. (Bankr. S.D. Tex.) Counsel to the official committee of unsecured creditors of Westmoreland Coal Company and affiliated debtors. Westmoreland is the sixth largest coal–mining enterprise in North America. After conducting an exhaustive investigation to reveal unencumbered assets and following weeks of negotiations with the company and the company’s secured lenders, the Committee supported independent plan processes for two distinct debtor groups that kept the company operating, preserved jobs, and pensions, and provided value for unsecured creditors.
In re Real Industry, Inc., et al. (Bankr. S.D. Tex.) Counsel to the official committee of unsecured creditors of Westmoreland Coal Company and affiliated debtors. Westmoreland is the sixth largest coal–mining enterprise in North America. After conducting an exhaustive investigation to reveal unencumbered assets and following weeks of negotiations with the company and the company’s secured lenders, the Committee supported independent plan processes for two distinct debtor groups that kept the company operating, preserved jobs, and pensions, and provided value for unsecured creditors.
In re Armstrong Energy, Inc. (Bankr. E.D. Mo.) Counsel to the official committee of unsecured creditors of leading coal producer Armstrong Energy, Inc. Armstrong Energy had over $410 million in prepetition obligations at the time of its filing.
In re Sungevity, Inc., et al. (Bankr. Del.) Counsel to Sungevity, Inc. and its affiliates in their chapter 11 cases. Prior to a section 363 sale of substantially all of its operations, Sungevity was one of the largest private residential solar installation companies in the United States. Sungevity filed with approximately $185 million in prepetition debt and exited chapter 11 in late 2017 pursuant to an unprecedented structured dismissal, which allowed the company to exit its chapter 11 cases in an orderly manner while preserving the majority of cash left in the estate for distribution to former employees.
In re Maxus Energy Corporation, et al. (Bankr. D. Del.) Counsel to Maxus Energy Corporation and four affiliated debtors in their chapter 11 cases, which addressed over $12 billion in claims, predominantly in connection with environmental liability relating to the country's largest superfund site—the Passaic River and related bodies of water. The Maxus chapter 11 cases concluded in July 2017 following confirmation of an innovative chapter 11 plan supported by over 99% of creditors.
In re Peabody Energy, Inc., et al. (Bankr. E.D. Mo.) Counsel to the Official committee of unsecured creditors of Peabody Energy, the world’s largest privately owned coal producer, and 153 of its subsidiaries, which collectively held $10.1 billion in prepetition debt. In the bankruptcy court, our team succeeded in securing material improvements to unsecured-creditor recoveries in the confirmed plan of reorganization. We successfully defended the plan, which provided substantial recoveries to both secured and unsecured creditors, in the district court against challenges by the hold-out creditors and again in the Eighth Circuit.
In re Walter Energy Inc., et al. (Bankr. N.D. Ala.) Counsel to the official committee of unsecured creditors of Walter Energy, Inc. and its affiliates. Walter, a major producer of metallurgical coal, struggled as a result of the precipitous fall in the price of metallurgical coal in recent years and eventually was forced to seek bankruptcy protection in July 2015 in an effort to restructure its more than $3.1 billion in debt.
In re HOVENSA LLC (Bankr. D.V.I.) Counsel to HOVENSA LLC, once owner of one of the ten largest oil refineries in the world, in its chapter 11 case. At the time of its bankruptcy filing, HOVENSA had approximately $2 billion of prepetition indebtedness, exclusive of significant legacy liabilities primarily in the form of environmental obligations, pension obligations, and retiree benefits.
In re Patriot Coal Corporation (Bankr. E.D. Va.) Counsel to the official committee of unsecured creditors in the chapter 11 cases of Patriot Coal Corporation, a leading producer and marketer of metallurgical and thermal coal in the eastern United States with approximately 2,900 active employees at the time of filing, approximately $791 million in prepetition funded debt, and significant legacy liabilities (primarily in the form of retiree benefits, pension obligations, and environmental obligations).
In re Energy Future Holdings Corp., et al. (Bankr. D. Del.) Counsel to the official committee of TCEH unsecured creditors in the chapter 11 cases of Texas power company Energy Future Holdings Corp. and its affiliates, which filed for bankruptcy in April 2014. This is the 10th largest bankruptcy in U.S. history with the debtors holding approximately $40 billion in debt.
In re Residential Capital, LLC, et al. (Bankr. S.D.N.Y.) Counsel to Residential Capital and its affiliates, comprising one of the largest residential real estate finance companies at the time of its chapter 11 filing, with assets and liabilities each in excess of $15 billion. The debtors’ business was comprised primarily of loan servicing and origination. 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.
Innkeepers USA Trust (Bankr. S.D.N.Y.) Counsel to Innkeepers, a hotel REIT that owned and operated approximately 75 hotels across the nation with over 10,000 rooms under management, in its chapter 11 reorganization involving approximately $1.6 billion of indebtedness.
Chemtura Corporation (Bankr. S.D.N.Y.) Counsel to Chemtura Corporation, one of the largest publicly traded specialty chemical companies in the United States, as a debtor in possession in its Chapter 11 reorganization. Chemtura, which employs more than 4,000 people worldwide, has operations in North America, Europe, Africa, and Asia.
Charter Communications, Inc. (Bankr. S.D.N.Y.) Counsel to Charter Communications, which at the time was the third largest cable operator in the United States, with more than $21 billion in debt, as debtor in possession in its prearranged bankruptcy proceedings.
Ford Motor Company Counsel to Ford Motor Company in connection with its entry into $18.485 billion of secured credit facilities and its issuance of $4.950 billion of unsecured senior convertible notes.
Motor Coach Industries (Bankr. D. Del.) Counsel to Motor Coach Industries, the leading U.S. bus manufacturer, as debtor in possession in its chapter 11 case.
In re Regent Communications, et al. (Bankr. D. Del.) Counsel to a plan sponsor in the prearranged chapter 11 bankruptcy cases of Regent Communications and its affiliates, which are the owner and operator of radio stations in mid–sized markets across the United States.
Lazy Days’ R.V. Center, Inc., et al. (Bankr. D. Del.) Counsel to Lazy Days' R.V. and its affiliates as debtors in possession in connection with their prepackaged chapter 11 cases. At the time of the filings, the companies comprised the single largest recreational vehicle dealership in the world.
In re NewComm Wireless Services, Inc. (Bankr. D. P.R.) Counsel to the largest unsecured creditor in the chapter 11 cases of NewComm Wireless Services, a licensed CDMA wireless carrier operating in Puerto Rico.
Ms. Marines is recommended by Legal 500 US and was recognized as a “Next Generation Lawyer” in 2017 to 2019 in the area of corporate restructuring. She has been named a Bankruptcy Rising Star for 2016 and 2017 by Law360, as well as an Outstanding Young Restructuring Lawyer from 2016 to 2019 by Turnarounds & Workouts. Most recently, the American Bankruptcy Institute honored Ms. Marines as one of their 2018 “40 Under 40,” a list recognizing emerging leaders in insolvency practice.
American Bankruptcy Institute 2018Named to “40 Under 40” List
Legal 500 US 2017 to 2019 “Next Generation Lawyer”
Turnarounds & Workouts 2016 to 2019Outstanding Young Restructuring Lawyer
Law 360 2016 & 2017Rising Star of Bankruptcy Bar
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