Mr. Richard L. Wasserman focuses his practice in matters involving bankruptcy and bankruptcy-related litigation, creditors’ rights, secured transactions, workouts, reorganizations and restructurings.
He has extensive experience representing clients in major business, commercial and real estate bankruptcy, workout and reorganization matters and has also served as a Chapter 7 and Chapter 11 Bankruptcy Trustee, as a court-appointed Examiner and as a mediator in bankruptcy adversary proceedings and claims resolution proceedings.
He is a member of ADR Maryland and is available to mediate complex bankruptcy, business and commercial dispute matters. Mr. Wasserman has been honored by being selected as a Fellow in the American College of Bankruptcy. He is a frequent lecturer on bankruptcy and workout-related topics.
A wealth of experience with different types of businesses enables Mr. Wasserman to offer clients impressive knowledge together with proven successful performance. Mr. Wasserman’s work includes the full range of bankruptcy and workout representation of creditors (secured and unsecured), creditors’ committees, trustees, Chapter 11 debtors-in-possession, troubled companies, and prospective purchasers of assets from companies in bankruptcy.
Recent cases include Mr. Wasserman’s role as counsel to the stalking horse purchaser and successful acquiring party in a contested 363 sale of First Mariner Bank in the bank holding company’s Chapter 11 case, his service as a Chapter 11 trustee in eighteen real estate-related cases in the U.S. Bankruptcy Court for the Southern District of New York, his role representing the Enron bankruptcy estate as special litigation counsel and representing creditors’ committees in cases in the Eastern District of Virginia and the Northern District of Texas, and his service as a mediator in various Circuit City preference avoidance actions and disputed claims resolution matters.
In addition to extensive experience in high profile bankruptcy litigation matters, Mr. Wasserman has experience with real estate, financial products and services, telecommunications, health care, hospitality, retail, marketing, distribution, telemarketing, government contracts and technology companies in bankruptcy and workouts.
Mr. Wasserman also provides experience advising corporate boards on significant reorganization and restructuring alternatives and working together with corporate management and other outside advisors including investment bankers, accountants, and public relations consultants.
- American College of Bankruptcy, Fourth Circuit Fellows Luncheon, 2018
- Maryland Bankruptcy Bar Association, 2017
- Maryland State Bar Association’s Advanced Bankruptcy Institute, 2012, 2014 – 2016
- Mid-Atlantic Institute on Bankruptcy and Reorganization Practice, 1992 – 2007, 2010 – 2016
- American Bankruptcy Institute, 2014 – 2016
- J.D., Columbia University School of Law, 1973
- A.B., magna cum laude, Princeton University, 1970
- American College of Bankruptcy, Fellow from 1998 – present and Fourth Circuit Regent from 2014 – 2018
- Director, American College of Bankruptcy Foundation, 2018 – present
- American Bar Association, Business Law Section, Vice Chair of Bankruptcy Court Structure and Insolvency Process Committee, 2014 – present
- ABA Electronic Discovery (ESI) in Bankruptcy Working Group (now Subcommittee), Chair from 2011 – present
- The Legal Aid Bureau, Inc., Director from 2004 – present and Treasurer from 2012 – present
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