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Jonathan Canfield represents creditors and investors in restructuring financially distressed companies in chapter 11 and out-of-court restructurings, and in developing and executing distressed investment strategies.

Jonathan’s clients include bondholders, lenders and other creditors, acquirers, investors, DIP lenders, official creditors’ committees, equity holders and debtors. He frequently represents hedge funds, private equity funds, banks and large institutional investors.

In addition, he has experience representing major financial institutions and borrowers in a broad range of high value cross-border and domestic asset finance transactions, including syndicated secured loans, acquisition finance, private placements of debt and equity, public offerings and mergers and acquisitions.

Jonathan has been recognized by Best Lawyers in America, and was tapped as a Rising Star by IFLR 1000 and Super Lawyers. The Legal 500 named Jonathan one of its Next Generation Lawyers, and Turnarounds & Workouts selected him as one of its 12 “Outstanding Young Restructuring Lawyers” four years in a row (2017-2020).

Representative Matters

  • ATI Education, Inc. (secured lenders)
  • Brookstone, Inc. (DIP lenders/ad hoc bondholder committee)
  • Caesars Entertainment Operating Co. (ad hoc bank lender committee)
  • Carlson Wagonlit Travel (ad hoc group of secured noteholders)
  • China Medical Technologies, Inc. (ad hoc bondholder committee)
  • Deluxe Entertainment (ad hoc group of lenders)
  • Diebold Nixdorf (debt finance provider)
  • DynCorp International Inc. (ad hoc noteholder committee/new term loan lenders)
  • Empire Generating Co (ad hoc bank lender committee)
  • EP Energy (official creditors committee)
  • Fred Leighton Holdings, Inc. (senior secured lender)
  • Guitar Center (ad hoc group of noteholders)
  • Hovnanian Enterprises, Inc. (debt finance provider)
  • Indiana Downs / Indiana Live! (ad hoc noteholder committee)
  • J.C. Penney Company, Inc. (ad hoc secured crossover group)
  • Loehmann’s (debtor)
  • Momentive Performance Materials Inc. (ad hoc bondholder committee/certain backstop parties)
  • Panda Temple Power (DIP lenders/ad hoc bank lender committee)
  • Party City (ad hoc group of lenders)
  • Patriot Coal Corp. (ad hoc bondholder committee)
  • Pyxus (ad hoc group of lenders)
  • Revlon (ad hoc group of bondholders)
  • Sandy Creek Energy Station (ad hoc group of lenders)
  • School Specialty, Inc. (DIP lenders/ad hoc bondholder committee)
  • Seadrill Ltd. (ad hoc bondholder committee)
  • Sears Holdings Corp. (second lien lender)
  • SFX Entertainment, Inc. (DIP lenders, foreign loan lenders and ad hoc bondholder committee)
  • Toys “R” Us, Inc. (FILO DIP lenders)
  • Xerium Technologies, Inc. (debtor)

Honors & Awards

  • Chambers USA (Recognized Practitioner)
  • IFLR1000, Rising Star
  • Super Lawyers, Rising Star
  • The Legal 500, Next Generation Lawyer
  • Turnarounds & Workouts, Outstanding Young Restructuring Lawyer
  • The M&A Advisor, 2021 Energy Deal of the Year (over $1B) for EP Energy


  • Co-author, “Final Regulations Confirm the Change to the ‘Deemed Dividend’ Tax Regime and Should Shape Your Thinking on Financing/Collateral Arrangements,” Stroock Special Bulletin, June 12, 2019
  • Co-author, “Additional Credit Support: How Changes to the ‘Deemed Dividen’ Tax Regime Should Shape Your thinking on Financing/Collateral Arrangement,” Stroock Special Bulletin, November 12, 2018
  • Co-author, “What Conduct is Required to Designate Votes Pursuant to Bankruptcy Code Section 1126(e)?” Norton Annual Survey Banker Law, 2014 Edition
  • Co-author, “‘Allied’ May Expand Circumstances for Reopening a Bankruptcy Auction,” New York Law Journal, December 9, 2013
  • Co-author, “The Preemption of Contractual Anti-Assignment Provisions in Bankruptcy: A Survey of Cases from FCX to Federal-Mogul,” Norton Annual Survey, 2013
  • Co-author, “Minimum Jurisdictional Threshold for U.S. Bankruptcy Courts in Cross-border Insolvency Cases,” INSOL World, Second Quarter 2013
  • Co-author, “Clearing the Track: Delaware Bankruptcy Court Clarifies Post-Petition Lock-up Designation Standards in In re Indianapolis Downs, LLC,” ABI Journal, April 2013
  • Co-author, “Circus & Eldorado Joint Venture: Court Rules on ‘Bad Faith’ for Vote Designation,” New York Law Journal, December 3, 2012
  • Co-author, “How Low Can You Go? Minimum Jurisdictional Threshold for U.S. Bankruptcy Courts in Cross-Border Insolvency Cases,” ABI International Committee News, March 2012

Admitted To Practice

New York

U.S. District Court, Southern District of New York


J.D., magna cum laude, Hofstra University School of Law, 2006; Articles Editor, Hofstra Law Review

B.S., cum laude, Clarkson University, 2002