Glenn S. Walter
gwalter@honigman.com
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.
with highest honors
Prior Employment
Skadden, Arps, Slate, Meagher & Flom LLP, Partner, 2001-2015
Proskauer Rose LLP, Associate, 1995-2001
American Bankruptcy Institute
Glenn Walter is a corporate attorney with 20 years of experience handling corporate restructuring, insolvency, and bankruptcy issues.
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
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 nonprofit 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 of 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 and $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 what 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 subsequently represented 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
Glenn S. Walter and Jessica A. Engerer are mentioned in the Detroit Free Press section "Business leaders in the news"
Glenn S. Walter's move to Honigman is featured in the Bankruptcy Data article "Bankruptcy Professional News Makers: Honigman Miller Partner Added"
Honigman attorneys named 2016 Michigan Super Lawyers and 'Rising Stars'
Honigman represents Sant Partners, LLC in obtaining bankruptcy court approval of plan to acquire Doctors' Hospital of Michigan
Glenn S. Walter joins Honigman's Corporate Department
Emerging Uncertainties Relating to Credit Bidding in Bankruptcy
Financier Worldwide
Central European Distribution Corporation's Chapter 11 Plan Incorporates Dutch Auction
Harvard Law School Forum on Corporate Governance and Financial Regulation
Expanding Use of Chapter 15 Tests Its Protections and Limits
US and UK Tender Offers, Exchange Offers and Other Out-of-Court Restructurings
The Law and Practice Of Restructuring in the UK and US 43
Section 382 Ownership Change: The Illness and a Pill for the Cure
University of Southern California Gould School of Law 2011 Tax Institute
Bankruptcy and Licensing
Patent and High Technology Licensing
The Effect of Bankruptcy on License Agreements
The Licensing Journal
Central European Distribution Corporation Prepack Case Study: Using Chapter 11 to Reorganize a Non-U.S. Business, ABA Business Law Section: Business Bankruptcy Committee, Los Angeles, CA
April 2014, Panelist
363 - Is It Worth It?, ABI Bankruptcy Battleground West, Los Angeles, CA
March 2014, Panelist
Section 382 Ownership Change: The Illness and a Pill for the Cure, University of Southern California Gould School of Law 2011 Tax Institute, Los Angeles, CA
January 24-26, 2011, Presenter
Michigan Super Lawyers, 2016-2019
California Super Lawyers, 2011-2015
Recognized as a Rising Star, 2009-2010