Michael Savetsky is Of Counsel to the Sills Cummis & Gross Creditors’ Rights/Bankruptcy Reorganization Practice Group. His practice focuses primarily on creditors’ rights in the context of complex Chapter 11 bankruptcy cases and proceedings, including representing creditors’ committees, secured and unsecured creditors, vendors, customers, and other parties in interest in all facets of complex Chapter 11 cases and financial restructurings in a variety of industries. He is also experienced in representing debtors, lessors, asset purchasers, post-confirmation plan administrators and liquidating trustees, and plaintiffs and defendants in avoidance actions and other bankruptcy-related litigation.
Prior to joining Sills Cummis, Mr. Savetsky practiced at Lowenstein Sandler, where he focused on bankruptcy and restructuring work. He started his career as a Law Clerk to the Honorable Menelaos W. Toskos in the Superior Court of New Jersey.
Mr. Savetsky’s experience includes:
- Representation of creditors’ committees in Chapter 11 cases such as GNC Holdings, Inc. (Bankr. D. Del.); Bumble Bee Parent, Inc. (Bankr. D. Del.); Ed Map, Inc. (Bankr. D. Ohio); Gibson Brands, Inc. (Bankr. D. Del.); Advanced Educational Products, Inc. (Bankr. W.D.N.Y.); Xtera Communications Inc. (Bankr. D. Del.); Horsehead Holding Corp. (Bankr. D. Del.); Oreck Corporation (Bankr. M.D. Tenn.); Coldwater Creek (Bankr. D. Del.); Journal Register Company (Bankr. S.D.N.Y.); Cagle’s Inc. & Cagle’s Farms Inc. (Bankr. N.D. Ga.); Advanced Marketing Services, Inc. (Bankr. D. Del.); Nebraska Book Company (Bankr. D. Del.); and Marcal Paper Mills Inc. (Bankr. D.N.J.).
- Representation of debtors in Chapter 11 cases such as Aceto Corporation and Rising Pharmaceuticals (Bankr. D.N.J.); Cinram Group Inc. (Bankr. D.N.J.); East Orange General Hospital (Bankr. D.N.J.); MediCor Ltd. (Bankr. D. Del.); and Summit Global Logistics (Bankr. D.N.J.).
- Representation of liquidating trustees or plan administrators in Chapter 11 cases such as Aceto Corporation and Rising Pharmaceuticals (Bankr. D.N.J.); GNC Holdings, Inc. (Bankr. D. Del.); RCLC, Inc. (f/k/a Ronson Corporation) (Bankr. D.N.J.); Oreck Corporation (Bankr. M.D. Tenn.); Coldwater Creek (Bankr. D. Del.); and Marcal Paper Mills Inc. (Bankr. D.N.J.).
- Numerous other representations including: significant customers in Sungard AS New Holdings, LLC (Bankr. S.D. Tx.); a commercial landlord in Tailored Brands, Inc. (Bankr. S.D. Tx.); various trade creditors of Dean Foods in In re Southern Foods Group, LLC (Bankr. S.D. Tx.); an oil and gas lienholder in In re EdgeMarc Energy Holdings, LLC (Bankr. D. Del.); a defendant in preference litigation in connection with the assignment for the benefit of creditors of Lifescript, Inc.; a large vendor in Toys “R” Us, Inc. (Bankr. E.D. Va.); a leading publisher in In re Golden Books Family Entertainment, Inc. (Bankr. D. Del.); a significant contract counterparty and adversary proceeding defendant in Velo Holdings Inc. (Bankr. S.D.N.Y.); various creditors in Lehman Brothers Holdings, Inc. (Bankr. S.D.N.Y.); preference defendants in WP Steel Venture LLC (RG Steel) (Bankr. D. Del.); and a creditor/contract counterparty in Westinghouse Electric Company, LLC (Bankr. S.D.N.Y.).