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Peter D. Wolfson, Partner

Peter D. Wolfson

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New York

Phone: 212-768-6840
pwolfson@sonnenschein.com

Education:

State University of New York at Buffalo, J.D., 1977
State University of New York at Fredonia, B.A., 1974

Practice Areas:

Professional Profile:

Mr. Wolfson practices in Sonnenschein’s Corporate Reorganization & Bankruptcy Practice. He has over 25 years experience in representing debtors, creditor and bondholder committees, equity committees, plan sponsors, asset purchasers and other parties in interest in out-of-court restructurings and Chapter 11 cases.  Mr. Wolfson has been recognized by Chambers USA as a leading bankruptcy and restructuring attorney.

As lead counsel for numerous creditor/bondholder/equity committees, Mr. Wolfson has developed a reputation as an aggressive, creative and practical bankruptcy attorney in complex matters in a wide array of industries, in cross-border cases and asbestos related cases. Representative creditor and bondholder committee engagements include, Federal Mogul Corporation, WHX Corporation, USG, Gillette Holdings, Hillsborough Holdings, Grand Union, Community Newspapers, General Homes, Wilson Foods, and Global Crossing. He was retained as special litigation counsel for committees in Exide and Hayes Lemmerz.

Mr. Wolfson also has significant experience in the representation of equity committees in high profile cases. Examples include Loral Space & Communications, Inc., Interstate Bakeries Corporation, Baldwin-United, LTV Steel, Hexcel Corporation, At Home Corporation, ICH Corporation, Hamburger Hamlet and New Valley Corporation (Western Union).

Mr. Wolfson has represented numerous debtors across the country, including Maxicare Health Plans, American Film Technologies, Gibson Discount Stores, Philip Services, Plan B Communications, Hayes Microcomputer Products, Coltex Loop Central Three, FutureLink, GB Holdings, Inc. (a holding company that owns a significant equity interest in the Sand's Casino in Atlantic City, NJ), and ICH Corporation (Sybra). He represented Salton in the restructuring of its bank debt and subsequent exchange offer. He was selected by the Receiver appointed by the State of California to represent MedPartners Provider Network in its Chapter 11 filing, and represented the examiner in the La Toya Jackson bankruptcy proceedings. He has represented petitioning creditors who then took an active role in cases such as Zale Corporation, Southland Corporation (7-11 Stores) and MLG Properties. He has represented successful plan sponsors and asset purchasers in matters such as TransTexas Gas Corporation and Onsite Communications, and currently represents an international insurance company in two multi-hundred million dollar ponzi scheme bankruptcy matters. And he has represented numerous individual creditors in major restructurings such as Home Holdings, Worldcom and Enron, and numerous hedge funds in connection with their investments in distressed debt. He represented an affiliate of Carl Icahn in the WestPoint Stevens Chapter 11 case which acquired substantially all of the assets of WestPoint Stevens, and another affiliate of Icahn and Franklin Mutual Advisors in connection with Union Power, one of the world's largest cogeneration facilities.

Mr. Wolfson lectures on a variety of bankruptcy and reorganization topics before professional organizations and to various creditor and bondholder groups. He also represents a national brokerage firm in connection with its major securities litigation and arbitration proceedings.

Admitted to the Bar:

New York

Publications:

"Tax Superiority in Bankruptcy- Study of Business Bankruptcy Distribution in the Southern and Western Districts of New York, " 26 Buffalo Law Review, No. 4 (1977).

Co-author: "Securites Trading by Bondholders-Restrictions on Trading by Pre-Petition Steering Committee Members and 'Chinese Walls' in High Yield Bonds" (PLI Sept. 1991).