Edwards Wildman Palmer LLP
Phil Nelson is an associate in the Restructuring and Insolvency Department of Edwards Wildman. Phil counsels clients in a wide variety of restructuring and insolvency matters. He has represented clients in liquidations, corporate reorganization cases and out-of-court restructurings. Phil has experience in all aspects of chapter 11 reorganizations and debtor-in-possession representation, including the plan of reorganization development and negotiation process, motion practice and contested hearings, and claims objections and administration. He also has extensive experience representing bankruptcy trustees. His transactional experience includes drafting and negotiating purchase agreements and financing agreements, litigation trust agreements, and various stipulations and settlements. He also represents banks in foreclosure proceedings and advises landlords with respect to commercial lease agreements. In addition, Phil has extensive experience representing both plaintiffs and defendants in lawsuits involving fraudulent transfer and preferential transfer claims. Finally, Phil frequently advises businesses in connection with the chapter 11 and chapter 7 proceedings of their tenants, customers, and vendors.
- Represents various defendants, with a combined exposure of approximately $2 million, in preferential transfer lawsuits filed in connection with the Hartmarx Corporation chapter 11 cases.
- Represents official receivers and joint liquidators for an Isle of Man company in connection with certain U.S. liabilities related to SEC proceedings against one of the company’s former directors.
- Represented chapter 11 plan trustee in heavily contested hearings regarding the trustee’s right to sell certain estate assets free and clear of various interests.
- Represented a Fortune 500 global supplier of automotive systems, modules, and components to nearly every major vehicle manufacturer in the world, in its chapter 11 reorganization before the United States Bankruptcy Court for the District of Delaware. At the time of filing, the corporation and its affiliates had a workforce of approximately 30,000 employees and a network of manufacturing sites, technical centers, sales offices, and joint ventures located in every major geographic region of the world. In 2008, the corporation reported sales of approximately $9.54 billion.
- Represented a global media and direct marketing company offering books, magazines, entertainment products, online networking websites and educational products to more than 130 million customers in 78 countries in their pre-arranged chapter 11 cases before the United States Bankruptcy Court for the Southern District of New York.
- Represented one of the largest privately-owned casino operations in the United States in its chapter 11 restructuring of approximately $2.7 billion in liabilities before the United States Bankruptcy Court for the District of Delaware. The company and its non-debtor affiliates operate 11 casinos in five states with approximately 540,000 square feet of gaming space and more than 8,300 hotel rooms, and employ more than 11,000 individuals.
- Represented a London-based marine container leasing company in its chapter 11 bankruptcy cases and global restructuring.
- Represented a leading provider of wholesale advanced telecommunications services and its subsidiaries in their chapter 11 reorganization cases before the United States Bankruptcy Court for the District of Delaware.
- Represented the Official Committee of Unsecured Creditors for a leading provider of practice management services to dental and orthodontic practices in the United States and its subsidiaries in their chapter 11 reorganization cases before the United States Bankruptcy Court for the Eastern District of Louisiana.
- Represented one of the leading producers of high-end indoor and full-time outdoor furniture and its subsidiaries in connection with their out-of-court $350 million debt restructuring.
- Represented a leading manufacturer and supplier of filling, storage, and organization products for personal and commercial use and store fixtures and its subsidiaries in connection with their chapter 11 restructuring before the United States Bankruptcy Court for Southern District of Indiana.
- Represented Olson Rug Company in its chapter 11 reorganization before the United States Bankruptcy Court for the Northern District of Illinois. The company is the oldest retailer of carpet, rugs, and hardwood flooring in the Chicagoland area, with continuous operations since 1874. At the time of filing, the company’s operations included 12 retail stores. In 2010, the company’s gross revenues totaled approximately $9.4 million.
Recent Speaking Engagements and Publications
- Co-Author, “Deepening Insolvency or Deepening Confusion,” 3 No. 5 Andrews Bankruptcy Litigation Reporter 2, July 5, 2006.