Daniel Ginsberg is a Special Counsel in Stroock’s Financial Restructuring Group. Daniel focuses his practice on Chapter 11 proceedings, out-of-court restructuring transactions, special lending situations and multinational insolvency proceedings. He has extensive experience representing secured and unsecured creditors, agent banks, DIP lenders and debtors in such situations. Daniel also has significant experience with UCC Article 9 foreclosure proceedings, distressed M&A transactions and bank debt and claims trading matters.
Some of Daniel’s creditor representations include:
- The agent for the secured lenders to Transmar Commodity Group
- Bondholders to Foresight Energy LLC
- An ad hoc group of secured lenders to Empire Generating Co.
- A secured lender to LightSquared LP
- An ad hoc group of secured lenders to Motorsport Aftermarket Group
- Secured lenders to Targus Group International, Inc.
- A secured lender to Garden Fresh
- Bondholders and DIP lenders to Allied Nevada Gold Corp.
- Senior secured lender to RBS/Innovairre
- A secured lender to Toys “R” Us
- A steering committee of secured lenders to ATI Education, Inc.
- A secured lender to Delta Education
- The agent for the secured lenders to YRC Worldwide, Inc.
- The agents for the secured lenders in the Fleming Companies, Inc. Chapter 11 cases, in which the lenders received payment in full
- Bondholders to American Oriental Bioengineering, Inc.
- Bondholders to China Medical Technologies, Inc.
- The agent for the secured lenders in the Chapter 11 case of Mid America Agri Products/Horizon, LLC, an ethanol producer
- The agent for the secured lenders in the out-of-court restructuring of an automobile parts manufacturer
- The secured lenders in the Chapter 11 cases of Barzel Industries Inc. and its affiliates
- Various creditors in the Lehman Brothers Chapter 11 and SIPA proceedings
- The agent for the secured lenders in the Oglebay Norton Chapter 11 cases, in which the lenders received payment in full during the Chapter 11 cases
Examples of Daniel’s company representations include:
- Financial Guaranty Insurance Company in its restructuring efforts
- Environmental Systems Products Holdings, Inc., a leading emissions testing company, in the out-of-court restructuring of over $600 million of debt
- United Pan-Europe Communications, N.V., a leading European cable and telecommunications company, in connection with its successful restructuring through dual Dutch and U.S. plenary insolvency proceedings
- International Wireless Communications Holdings, Inc. and certain of its affiliates in their Chapter 11 cases
Daniel also assisted in the representation of Mirant Corporation and certain of its affiliates in their Chapter 11 proceedings.
Other significant representations in which Daniel has been involved include the representation of:
- Various aircraft finance parties in the Northwest Airlines Corporation and Delta Air Lines, Inc. Chapter 11 cases
- Pre-petition lenders in the Trenwick Americas Corporation Chapter 11 case
- The unsecured bank committee in the Reliance Financial Services Corporation Chapter 11 cases
- Member, American Bankruptcy Institute
- Member, New York State Bar Association
Speeches & Events
- Panelist, “The Great DISH Debate,” National Conference of Bankruptcy Judges, Tampa, Florida, October 13, 2011
- Co-author, “A Guide to the Bankruptcy Law of the United States,” Stroock & Stroock & Lavan LLP, 2010, updated 2016, updated 2018
- “Restructuring Limitations Faced by Title IV Educational Institutions,” American Bankruptcy Institute, October 2014
- Co-author, “Cross-Border Insolvencies Under US Law: A Further Update,” Butterworths Journal of International Banking and Financial Law, September, October and November 2012 (Three Installments)
- Co-author, “U.S. Recognition of Non-U.S. Insolvency Proceedings: More Than a Rubber Stamp,” Euromoney Global Insolvency & Restructuring Review 2008/09
- Co-author, “Chapter 15 One Year Later: Determining COMI,” Euromoney Global Insolvency & Restructuring Review 2007/08
- Co-author, “Practical Advice for Cross-Border Practitioners: Paying Homage to the Prior Recognition Requirement,” Euromoney Global Insolvency & Restructuring Yearbook 2006/07
- Co-author, “Can Bankruptcy Code Limitations on Rejection Damages Be Circumvented by the Use of a Letter of Credit?” The Secured Lender, May/June 2006
- Co-author, “Cross-Border Insolvencies Under United States Law: An Update,” Butterworths Journal of International Banking and Financial Law, October, November and December 2005 (Three Installments)
- Co-author, “The Influence of U.S. Bankruptcy Law in Multinational Restructurings,” Euromoney Global Insolvency & Restructuring Yearbook 2005/06
- Co-author, “Coordinated Multinational Reorganizations in the Absence of a Cross-Border Insolvency Protocol: United Pan-Europe Communications N.V., a Case Study,” Euromoney Global Insolvency & Restructuring Yearbook 2004/05
Admitted To Practice
U.S. District Court, Eastern District of New York; U.S. District Court, Southern District of New York; U.S. District Court, Northern District of New York; U.S. Court of Appeals, Second Circuit
J.D., cum laude, University of Michigan Law School, 1996
B.A., summa cum laude, Washington University in St. Louis, 1993
In The Spotlight
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PublicationsBack To Full Bio
A Guide to the Bankruptcy Law of the United States
May 2, 2017 | Stroock Special Bulletin
Foresight Energy Refinancing Results in Big Win for Stroock’s Clients
"Restructuring Limitations Faced by Title IV Educational Institutions"