Brian Powers
Partner
Brian represents nearly every type of party in corporate restructurings, bankruptcy proceedings, and out-of-court workouts, including debtors, committees, secured and unsecured creditors, trustees, and potential asset purchasers. Brian has represented clients in some of the country’s most prominent bankruptcy cases, whether it be as counsel to a creditor, an asset purchaser, or a litigation defendant. Brian also regularly negotiates debt restructurings out of court in matters both large and small.
Brian also regularly represents entrepreneurs, family businesses, and privately-owned companies with corporate transactional matters and restructurings, including asset acquisitions and sales. Brian’s experience includes the purchase of a debt consolidation company by its largest competitor, the sale of a multi-location radiology practice on Long Island to a large hospital chain, and the purchase of a large electromechanical parts business by a competitor.
SELECTED EXPERIENCE
- Represented the 73 Reorganized Debtors in Aegean Marine Petroleum Network Inc., et al., which collectively operated one of the largest oil bunkering enterprises in the world.
- Represented the successful purchaser of intellectual property assets from Bed Bath and Beyond, Inc. and its debtor affiliates.
- Special counsel to the Committee in Residential Capital, LLC (GMAC Mortgage), the fifth largest mortgage servicer in the country at the time of its bankruptcy filing.
- Committee counsel in Dowling College, a failed college with multiple campuses, including one on the landmark Vanderbilt estate on Long Island.
- Represented several defendants accused of receiving preferential transfers arising out of the Sears Holding Corporation bankruptcy.
- Represented the Official Committee of Unsecured Creditors of Baumann & Sons Buses, Inc., et al., a large regional school bus company.
MEMBERSHIPS
- American Bankruptcy Institute
PUBLICATIONS
- “Can You Trust Your Trustee? Expanding Homestead Exemptions to Include Rent-Controlled Leasehold Interests,” 20 Am. Inst. L. Rev. 741 (2013)
News, Events, & Insights
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Rimon PC Announces Landmark Combination with New York Law Firm SilvermanAcampora
News October 5, 2023