Jordan A. Wishnew

Jordan A. Wishnew

Education

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

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 debtors, secured lenders, administrative agents, official and ad hoc creditors’ committees, and acquirers of distressed assets in chapter 11 cases throughout the country.

Mr. Wishnew has advised clients in restructurings in a variety of industries, including financial services, energy and natural resources, real estate, hospitality and lodging, retail, semiconductors, and gaming. He has significant experience in the representation of official committees of creditors, the prosecution of involuntary chapter 11 petitions, bankruptcy section 363 asset sales, and the liquidation and orderly wind down of chapter 11 estates.

Mr. Wishnew is a member of the Association of Commercial Finance Attorneys, as well as a member of the Turnaround Management Association NextGen Committee.

In fall 2013, Mr. Wishnew was named as a “Rising Star” in the New York Metro area for Bankruptcy and Creditor Rights by Super Lawyers. In 2010, he received a 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.

In re Maxus Energy Corporation
(Bankr. D. Del.). Counsel to Maxus Energy Corporation and four affiliated debtors in their chapter 11 cases. Maxus and its affiliated debtors are engaged primarily in the business of managing various oil and gas-related interests, as well as providing environmental remediation management services. The companies have significant environmental remediation obligations and litigation liabilities.
In re Peabody Energy, Inc.
(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 re Patriot Coal Corporation, et al.
(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 U.S. 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).
Triad Guaranty Inc.
(Bankr. D. Del.) Special counsel to Triad Guaranty Inc., the holding company of a mortgage insurance group, in its chapter 11 case filed in 2013.
Residential Capital, LLC
(Bankr. S.D.N.Y.) Acted as 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.
In re The PMI Group, Inc.
(Bankr. D. Del.) Representation of the official committee of unsecured creditors of mortgage insurer The PMI Group, Inc. in its chapter 11 bankruptcy.
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.
In re Maxus Energy Corporation
(Bankr. D. Del.). Counsel to Maxus Energy Corporation and four affiliated debtors in their chapter 11 cases. Maxus and its affiliated debtors are engaged primarily in the business of managing various oil and gas-related interests, as well as providing environmental remediation management services. The companies have significant environmental remediation obligations and litigation liabilities.
In re Peabody Energy, Inc.
(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 re Patriot Coal Corporation, et al.
(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 U.S. 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).
Triad Guaranty Inc.
(Bankr. D. Del.) Special counsel to Triad Guaranty Inc., the holding company of a mortgage insurance group, in its chapter 11 case filed in 2013.
Residential Capital, LLC
(Bankr. S.D.N.Y.) Acted as 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.
In re The PMI Group, Inc.
(Bankr. D. Del.) Representation of the official committee of unsecured creditors of mortgage insurer The PMI Group, Inc. in its chapter 11 bankruptcy.
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.

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