Education

Cornell University Law School, J.D.
  • magna cum laude; Order of the Coif
  • Cornell Law Review, Associate; Journal of Law and Public Policy, Associate
Rutgers University, B.A.
  • Political Science
  • with highest honors

Prior Employment

  • Skadden, Arps, Slate, Meagher & Flom  LLP, Partner, 2001-2015
  • Proskauer Rose LLP, Associate, 1995-2001

Bar Admissions

Professional Affiliations

The State Bar of California

Turnaround Management Association

American Bankruptcy Institute

Overview
Experience
News & Resources
Honors

Overview

Mr. Walter is a corporate attorney with 20 years of experience handling corporate restructuring, insolvency and bankruptcy issues. He is certified as a specialist in business bankruptcy by the American Board of Certification (2004).

  • Guides financially troubled companies in both out-of-court workouts and Chapter 11 reorganizations
  • Represents major creditors, official committees of unsecured creditors, investors and asset-purchasers in complex Chapter 11 cases
  • Represents professionals in their retention in Chapter 11 cases
  • Prepares resolution plans (living wills) for financial institutions under Dodd-Frank
  • Prepares inter-creditor agreements

  • Conducts structural analysis of transactions to assess bankruptcy risks

Experience

  • Represented a staffing service company in its prepackaged Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, which included the restructuring of approximately $651 million of secured debt
  • Counseled the Chapter 11 trustee of academic medical center in its liquidating Chapter 11 case (at the time, it was believed to be the largest non-profit Chapter 11 case in history), which included a complex sale and settlement transaction involving three non-debtor affiliates that operated its multi-entity integrated healthcare system 
  • Guided an alternative asset firm in the acquisition of substantially all the assets of large nursery through a 363 sale in a Chapter 11 case
  • Advised a nationally recognized children's apparel company in its Chapter 11 reorganization case, which resulted in the restructuring of approximately $38 million of senior bank debt and approximately $43 million of subordinated bond debt, including the sale of surplus real estate and inventory, and the company's hosiery business
  • Counseled a large international vodka producer and distributor in its prepackaged Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware; under its plan, the debtor restructured approximately $982 million of senior secured notes, $262 million of convertible notes and debt held by its largest shareholder (the plan was believed to be the first instance of a Dutch auction process being successfully incorporated into a Chapter 11 plan and was also named as the "Chapter 11 Reorganization of the Year (Over $1 Billion)" for 2013 by The M&A Advisor)
  • Represented an investor in its acquisition of a mortgage company, which was an originator and servicer of subprime mortgage loans through an expedited Chapter 11 plan process
  • Guided an independent director of a casino group, who led the auction process for the sale of the group's assets in its Chapter 11 bankruptcy case
  • Advised a children's book and video company in its Chapter 11 reorganization case, which resulted in the restructuring of approximately $300 million of senior and subordinated bond debt, including the sale of an adult book division, printing facility and membership interest in certain non-debtor music subsidiaries
  • Represented a casino in its Chapter 11 reorganization case, which provided for the acquisition of a controlling partnership interest in the casino by certain affiliates of a resort group under a plan of reorganization
  • Handled the prepackaged bankruptcy cases for a major film studio and 159 of its affiliates, converting $5 billion in secured lender claims to equity in the reorganized company (the plan was confirmed less than one month after commencement of the bankruptcy cases, representing the largest prepackaged bankruptcy case in history to be confirmed in less than 30 days and was 2010’s largest Chapter 11 case by assets). This restructuring was listed among 2010's "Most Successful Restructurings” according to a special report by Turnarounds & Workouts (January 2011)
  • Counseled a global investment company in its acquisition of a well-known food company under a Chapter 11 plan of reorganization
  • Assisted a multiple restaurant owner and operator in its prepackaged Chapter 11 case that resulted in the restructuring of approximately $210 million of senior and subordinated notes
  • Represented an online retail foreign exchange business in its Chapter 11 case (at the commencement of its Chapter 11 case, the company had more than $100 million in claims and 15,000 retail customers throughout the world)
  • Advised a motion picture studio in its purchase of substantially all of the assets of a film distribution company, which held international distribution rights for a film library, through a 363 sale
  • Guided a global private equity firm in its acquisition of a building materials and solutions company through a fully unimpaired prepackaged plan of reorganization, and subsequent representation of it in its acquisition of substantially all of the assets of two building supply companies in their respective Chapter 11 cases
  • Represented one of the nation's largest air carriers in its emergence from its fast-track, seven-month bankruptcy reorganization, which resulted in $1.24 billion of new liquidity for the airline, completion of more than 700 transactions related to contracts and financing arrangements governing all aspects of the airline's operations, and operational improvements amounting to $1.9 billion in average savings per year through 2008

News & Resources

News

Publications

Seminars & Events

Honors

Michigan Super Lawyers, 2016

California Super Lawyers, 2009-2015

  • Recognized as a Rising Star, 2009-2010