Stephen M. Packman

Steve practices primarily in the areas of insolvency law and commercial litigation and has counseled many companies on all types of business issues over the past twenty eight years.   Steve chairs the Bankruptcy, Restructuring and Insolvency Litigation Group at Archer and is also co-Chair of the International Law Group.

His experience includes representing diverse clients in insolvency proceedings, litigation and business matters. Recent engagements include representation of debtors (as lead and local counsel), creditor’s committees, trustees, foreign representatives and fiduciaries, as well as providing general counsel to many companies on a variety of litigation, business and corporate issues.

Steve currently represents the creditors committee in complicated bankruptcy proceedings of Fansteel and Wellman Dynamics in Iowa. He also represents the creditors committee in the Mountain Crane bankruptcy proceedings in Salt Lake City, Utah.  He recently represented the creditors committee in a case involving unpaid creditors on the World Trade Center I project pending in the Southern District of New York.

Steve served as special counsel to the Debtor, Trump Entertainment, in connection with  its Delaware bankruptcy proceedings. He currently represents a Delaware Trustee in numerous corporate Chapter 7 cases pending in Wilmington, Delaware, most of which involve significant assets and issues.

Steve is counsel to the foreign representative from Hong Kong in Chapter 15 proceedings of Manley Toys Ltd. in the U.S. He recently represented the first Chapter 15 debtor company from mainland China in ongoing complex cross-border proceedings involving a solar panel manufacturing concern in China known as Zhejiang Topoint.  Steve continues to represent the  Hong Kong administrator in Chapter 15 proceedings of Decoro Ltd. and the Plan Trustee in related Chapter 11 proceedings of De Coro USA in North Carolina.

Steve’s practice includes an extensive amount of litigation experience in both federal and state courts. He recently completed a lengthy trial adverse to the IRS involving tax transfer pricing issues.  He currently is counsel to several bankruptcy trustees, other fiduciaries and parties in federal and state court litigation involving such issues as substantive consolidation, fraud, alter ego, breach of fiduciary duties, bad faith and fraudulent conveyances.  A significant portion of Steve’s practice focuses on fiduciary litigation including representation of parties in director and officer claims and disputes.  He has also handled complex commercial litigation where parties have contract and related disputes, several professional malpractice actions, and represented both companies and PACA claimants in PACA proceedings.

Steve has consistently been ranked by Chambers USA in the top tiers for insolvency lawyers. Chambers praises Group Chairman Stephen M. Packman for his “unique, reassuringly confident perspectives that are the result of years of experience” and his skills as “a results-driven tactician and outstanding strategist.”  Steve is certified in business bankruptcy law by the American Board of Certification.  He is also an inaugural Fellow of INSOL, the international association of restructuring professionals, having completed a rigorous program presented by INSOL and serves on INSOL’s North American Membership Committee and the Strategic Planning Committee.  He is a member of the Congress of Fellows of CILS (Centre for International Legal Studies) in Austria as well as the Turnaround Management Association.

Representative Experience

  • Represent unsecured creditors committee in Chapter 11 case of Mountain Crane pending in Bankruptcy Court in Utah.
  • Counsel to the Hong Kong foreign representative in Chapter 15 proceedings of a world-wide distributor of Toys.
  • Represent the Chapter 7 Trustee in Delaware bankruptcy proceedings of several companies including Univita Health Care, Wave Technologies, Cal-Dive and Strategic Funding.
  • Represent the Unsecured Creditors Committee of Fansteel and Wellman Dynamics Corp. in Chapter 11 proceedings pending in Iowa.
  • Counsel to the Unsecured Creditors Committee in Chapter 11 bankruptcy proceedings of main contractors (Collavino companies) on 1 World Trade Center in Southern District of New York.
  • Represent Debtors as special counsel in Trump Entertainment Chapter 11 bankruptcy proceedings in Delaware.
  • Represent mainland China debtors, Zhejiang Topoing Photovoltaic Company, Ltd, et al, in Chapter 15 contested proceedings in bankruptcy court in New Jersey. Case involves multi-million dollar litigation proceedings.
  • Represent Hong Kong-based debtor, Decoro Ltd. and its U.S. subsidiary De Coro USA Ltd. in Chapter 15 and Chapter 11 proceedings in the Middle District of North Carolina. Recently won an important published ruling in this case after an extensive trial which disallowed the IRS tax claim of nearly 13 million dollars. The matter principally involved the trial of complex tax transfer pricing issues.
  • Universal Marketing Inc. and consolidated entities. Counsel to the elected Chapter 7 Trustee in this large bankruptcy proceeding in Pennsylvania involving 27 consolidated debtor entities. Presently prosecuting litigation against one debtor’s lender involving breach of contract, bad faith, substantive consolidation, fraudulent conveyances, set-off and other litigation issues.
  • Represent a defendant multi-national company in litigation in Pennsylvania Federal Court in a case involving breach of contract, fraud and other claims.
  • Represent Trustee in litigation in New Jersey Federal Court in a case which includes trial on issues of alter ego, fraud and fraudulent conveyances.
  • Counsel to one of the largest cranberry growing operations in the world.
  • Counsel to one of the largest fuel providers in New Jersey.
  • Represent a multi-national debtor company and creditors in complex litigation in Pennsylvania with multi-million dollar claims against former officers and directors of the companies.
  • Represented Encore Series, Inc. t/a Philadelphia Pops as a debtor in Chapter 11 proceedings in connection with the Philadelphia Orchestra bankruptcy proceedings.
  • Represented the Unsecured Creditors Committee in the Chapter 11 proceedings of Autobacs Strauss, Inc. in Delaware Bankruptcy Court.

Professional And Community Involvement

  • Inaugural Fellow of INSOL (International Association of Restructuring, Insolvency & Bankruptcy Professionals) and serve on the Association’s North American Membership Committee and the Strategic Planning Committee.
  • Member, Congress of Fellows of the Center for International Legal Studies, Austria.
  • Member of the American Bankruptcy Institute, Business Reorganization Committee
  • Member, Unsecured Trade Committee Member and Fraud Committee
  • Member, American Board of Certification-Business Bankruptcy Law.
  • Member of the Turnaround Management Association (former Director of Delaware Valley Chapter).
  • Member of the New Jersey (bankruptcy/business sections) Bar Association.
  • Chairman of Archer’s Bankruptcy, Restructuring and Insolvency Litigation Group; Co-Chair of the firm’s International Law Group.
  • Rutgers Pro Bono Bankruptcy Program.
  • Member of Beth El Synagogue in Voorhees, NJ.

Awards And Recognition

Articles

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