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Top Shake-Ups May 21, 2012 Vol. 1 No.

20 Stephanie Wickouskis Corporate Restructuring Blog


See http://blogs.bankrupt.com/

1. Hawker Beechcraft Bank Debt Trades at 33% Off in Secondary Market 2. Delta Petroleum to Reorganize Under Laramie Energy II Venture 3. Volkswagen Dealership Files for Chapter 11 4. China.com Appeals Order Denying Dismissal of CDC Bankruptcy 5. Charlie McGlamry, 14 Companies File for Chapter 11 6. 4Kids Entertainment Seeks Control of Case Through Aug. 3 Bankruptcy Professionals on the Move By the Numbers Top Shake-Ups 1. Hawker Beechcraft Bank Debt Trades at 33% Off in Secondary Market Participations in a syndicated loan under which Hawker Beechcraft is a borrower traded in the secondary market at 67.29 cents-on-the-dollar during the week ended Friday, May 4, 2012, an increase of 3.57 percentage points from the previous week according to data compiled by Loan Pricing Corp. and reported in The Wall Street Journal. The Company pays 200 basis points above LIBOR to borrow under the facility. The bank loan matures on March 26, 2014, and carries Moodys Caa3 rating and Standard & Poors D rating. The loan is one of the biggest gainers and losers among 162 widely quoted syndicated loans with five or more bids in secondary trading for the week ended Friday. Hawker Beechcraft Acquisition Company, LLC, headquartered in Wichita, Kansas, manufactures business jets, turboprops and piston aircraft for corporations, governments and individuals worldwide. Hawker Beechcraft reported a net loss of $631.90 million on $2.43 billion of sales in 2011, compared with a net loss of $304.30 million on $2.80 billion of sales in 2010. The Companys balance sheet at Dec. 31, 2011, showed $2.77 billion in total assets, $3.73 billion in total liabilities, and a $956.90 million total deficit. Hawker Beechcraft and 17 affiliates filed for Chapter 11 reorganization (Bankr. S.D.N.Y. Lead Case No. 12-11873) on May 3, 2012, having already negotiated a plan that eliminates $2.5 billion in debt and $125 million of annual cash interest expense.

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Participations in a syndicated loan under which Hawker Beechcraft is a borrower traded in the secondary market at 67.29 cents-on-the-dollar during the week ended Friday, May 4, 2012, an increase of 3.57 percentage points from the previous week according to data compiled by Loan Pricing Corp. and reported in The Wall Street Journal. The Company pays 200 basis points above LIBOR to borrow under the facility. The bank loan matures on March 26, 2014, and carries Moodys Caa3 rating and Standard & Poors D rating. The loan is one of the biggest gainers and losers among 162 widely quoted syndicated loans with five or more bids in secondary trading for the week ended Friday. Hawker Beechcraft Acquisition Company, LLC, headquartered in Wichita, Kansas, manufactures business jets, turboprops and piston aircraft for corporations, governments and individuals worldwide. Hawker Beechcraft reported a net loss of $631.90 million on $2.43 billion of sales in 2011, compared with a net loss of $304.30 million on $2.80 billion of sales in 2010. The Companys balance sheet at Dec. 31, 2011, showed $2.77 billion in total assets, $3.73 billion in total liabilities, and a $956.90 million total deficit. Hawker Beechcraft and 17 affiliates filed for Chapter 11 reorganization (Bankr. S.D.N.Y. Lead Case No. 1211873) on May 3, 2012, having already negotiated a plan that eliminates $2.5 billion in debt and $125 million of annual cash interest expense. 2. Delta Petroleum to Reorganize Under Laramie Energy II Venture Delta Petroleum Corporation on Tuesday obtained the Bankruptcy Courts blessing to negotiate and enter into a plan sponsorship agreement with Laramie Energy II, LLC. Judge Kevin Carey, however, directed the Debtors to return to Court to seek further approval of any breakup fee that may be paid to Laramie in the event the Debtors close a deal with another entity. At the hearing, the Debtors did not proceed with respect to the assumption and assignment of any unexpired leases or executory contracts as part of the plan sponsorship deal. All objections related to assumption or assignment or cure amounts are continued to a date to be determined. Carl E. Lakey, President and Chief Executive Officer of Delta, said the Debtors have determined that Laramies Plan sponsorship proposal, which is outlined in a Summary of Company Formation Documents, was the highest and best offer for the Debtors assets. Pursuant to the Summary of Company Formation Documents, Laramie and the Reorganized Debtors will form Piceance Energy, LLC, to serve as an asset holding company which owns the oil and gas, surface real estate, and related assets formerly owned by each of Laramie and Delta in Garfield and Mesa Counties, Colorado. The Assets, and any subsequent interests acquired by Piceance, will be maintained, operated, developed, and sold under the direction of Laramie as manager. Laramie will assign assets free and clear of all liens, except for existing JPMorgan Chase Bank mortgage liens, in exchange for a 66.66% Membership Interest in Piceance. Delta, subject to an order confirming its bankruptcy-exit plan, will assign free and clear of all liens, claims and interests to the fullest extent permitted under Sections 363(f)and 1129(b)(2)(A)(ii) of the Bankruptcy Code, including without limitation any claims based on a successor liability theory or that Piceance or Laramie is a successor of Delta in any respect, and with approval of the Bankruptcy Court under the Plan, in exchange for a 33.34% Membership Interest. The deal is expected to close July 31, 2012. Thereafter, Piceance as directed by Laramie will enter into a fouryear $400 million Secured Revolving Credit Facility with J.P.Morgan Securities and Wells Fargo Bank, N.A. The initial Borrowing Base will be not less than $140 million. Laramie and Delta will guarantee the debt on a several basis (i.e. not joint and several).

According to Mr. Lakey, Laramie has offered the highest overall economic value as compared to the other bids received to date because of the combined value offered as a result of (i) the significant value of the assets that Laramie has agreed to contribute to a joint venture with Delta in which Delta will be provided a 33.34% interest and (ii) the cash component of the offer. Delta has since late 2008 explored a variety of strategic alternatives, including but not limited to joint venture opportunities, equity sales and asset sales. Around that time, the Debtors hired an investment banker to conduct a marketing process targeted at attracting interested parties but were unable to consummate a transaction with any entity. Since that time, the Debtors have continued to pursue a wide array of restructuring alternatives, including the possibility of a sale of their assets. To assist them with their efforts, the Debtors hired Evercore Group L.L.C. in December 2009 to assist with their strategic alternatives process and in December 2011 hired Evercore to serve as their investment banker in connection with their chapter 11 cases. The Debtors have engaged in several rounds of marketing efforts to sell part or all of their assets since December 2009, and in fact did sell their significant portions of their noncore assets prior to the petition date. In December 2011, the Debtors sought authority to pursue a sale pursuant to section 363 of the Bankruptcy Code. By Order dated Jan. 11, 2012, the Court established bidding procedures for a 363 Sale. Evercore subsequently continued to solicit prospective bidders to determine whether they would be interested in pursuing a sale or restructuring transaction with the Debtors. The Debtors worked together with Evercore to provide due diligence information to all prospective bidders that entered into confidentiality agreements with the Debtors. The Debtors later determined that Deltas significant tax attributes could be utilized by another future party to potentially create additional value for Deltas stakeholders. However, the tax attributes were at risk of being lost by the Debtors under a 363 Sale structure due to relevant statutory provisions. As a result, on March 15, 2012, the Debtors sought entry of an order amending the terms of the bidding procedures to allow interested bidders to submit, and for the Debtors to consider, bids to sponsor a plan of reorganization. By Order dated March 22, 2012, the Court approved an amendment to the Bidding Procedures Order that provided additional time for interested parties to conduct due diligence regarding, among other things, Deltas tax attributes, which enabled certain parties to submit proposals to be sponsors of a Plan, and extended the date to receive proposals for a 363 Sale or a Plan from March 21, 2012 to April 18, 2012. Prior to the bid deadline, the Debtors received nine bids from interested parties. These bids included both 363 Sale and Plan bids. These bids were received from a variety of entities, including both public and private entities. After considering the bids received, the Debtors decided that the best way to maximize value would be to conduct an informal competitive process to consider bids for Plan sponsorship as well as bids for the Debtors assets rather than hold a pure section 363 auction. Six prospective bidders, along with the Debtors and their noteholders, attended a competitive negotiation process on April 24 and 25, 2012. Delta Petroleum Corporation (NASDAQ: DPTR) is an independent oil and gas company engaged primarily in the exploration for, and the acquisition, development, production, and sale of, natural gas and crude oil. Natural gas comprises over 90% of Deltas production services. The core area of its operations is the Rocky Mountain Region of the United States, where the majority of the proved reserves, production and long-term growth prospects are located. Delta and seven of its subsidiaries sought Chapter 11 bankruptcy protection (Bankr. D. Del. Case Nos. 11-14006 to 11-14013, inclusive) on Dec. 16, 2011, roughly six weeks before the Jan. 31, 2012 scheduled maturity of its $38.5 million secured credit facility with Macquarie Bank Limited and after several months of unsuccessful attempts to sell the business. Delta disclosed $375,498,248 in assets and $310,679,157 in liabilities, which also

include $152,187,500 in outstanding obligations on account of the 7% senior unsecured notes issued in March 2005 with US Bank National Association indenture trustee; and $115,527,083 in outstanding obligations on account of 3-3/4% Senior Convertible Notes due 2037 issued in April 2007. In its amended schedules, the Delta Petroleum disclosed $373,836,358 in assets and $312,864,788 in liabilities. W. Peter Beardsley, Esq., Christopher Gartman, Esq., Kathryn A. Coleman, Esq., and Ashley J. Laurie, Esq., at Hughes Hubbard & Reed LLP, in New York, N.Y., represent the Debtors as counsel. Derek C. Abbott, Esq., Ann C. Cordo, Esq., and Chad A. Fights, Esq., at Morris, Nichols, Arsht & Tunnel LLP, in Wilmington, Del., represent the Debtors as co-counsel. Conway Mackenzie is the Debtors restructuring advisor. Evercore Group L.L.C. is the financial advisor and investment banker. The Debtors selected Epiq Bankruptcy Solutions, LLC as claims and noticing agent. The petition was signed by Carl E. Lakey, chief executive officer and president. The U.S. Trustee told the bankruptcy judge that there was insufficient interest from creditors to form an official committee of unsecured creditors. 3. Volkswagen Dealership Files for Chapter 11 Springfield, Virginia-based Volkswagen-Springfield, Inc., which operates one of the largest Volkswagen franchised dealerships in the Mid-Atlantic region, filed a Chapter 11 petition (Banrk. E.D. Va. Case No. 1212905) in Alexandria on May 7, 2012. From 1993-1997 the Company was recognized as one of the top two Volkswagen dealerships in the nation based upon sales and customer care. The dealership is operated from two buildings located on Backlick Road in Springfield, Virginia; a 50,000 square foot facility for the sale of new vehicles, and a 20,000 square foot facility for the sale of used vehicles. The Debtor owns the improvements on this site (subject to mortgage) and leases the site from an affiliate of Volkswagen of America, Inc. Annual revenues for 2011 were $40.8 million based upon sales of almost 1,600 new and used vehicles. In the first quarter of 2012, revenues were approximately $12.1 million. The Debtor has 103 employees. The Debtor estimated assets and debts of $10 million to $50 million as of the Chapter 11 filing. On the Petition Date, the Debtor filed emergency motions to use cash collateral, pay prepetition wages and salaries, and pay prepetition sales and use taxes. It said that the relief requested in the first day motions is critical to maintaining the Debtors ongoing operations and the value of the bankruptcy estate. The Debtor is represented by Dylan G. Trache, Esq., and John T. Farnum, Esq., at Wiley Rein LLP, in McLean, Virginia. According to a court filing, the move to a newly built facility in late 2004 -- when the Debtor gave up its Subaru franchise -- increased fixed operating expenses. In addition, beginning in 2006, the Debtor suffered a decline in business that carried through 2009, which required the Debtor to incur significant indebtedness to Branch Banking and Trust Company. Pursuant to recent default notices, BB&T has asserted that it is owed $19.6 million. The Debtor believes that the value of its assets is greater than the amount owed to BB&T and seeks to use the Chapter 11 process to restructure its obligations to BB&T, VW as well as its other unsecured creditors. 4. China.com Appeals Order Denying Dismissal of CDC Bankruptcy China.com, Inc., is taking an appeal from the order of the U.S. Bankruptcy Court for the Northern District of Georgia denying China.coms request to dismiss CDC Corporations Chapter 11 case. China.com filed with the bankruptcy court a motion for leave to appeal and its emergency motion for (i)

expedited appeal, and, if necessary (ii) a limited stay pending appeal. As reported in the Troubled Company Reporter on May 4, 2012, the bankruptcy judge denied the dismissal motion on May 1, opening the door to another hearing May 22 for approval of a disclosure statement explaining the reorganization plan. China.com asserted that the Bankruptcy Court lacks subject matter jurisdiction in the case to hear and finally determine the remaining shareholder disputes. Furthermore, China.com said cause exists under 11 U.S.C. 1112(b) to dismiss the Debtors bankruptcy case because no bankruptcy purpose will be served by continuing the case and out of deference to Cayman Islands law. CDC Corp. and the official equity committee opposed the dismissal. CDC Corp. will seek approval of the disclosure statement explaining its Chapter 11 plan on May 22. In addition to paying creditors in full and distributing the excess to shareholders, the plan would allow filing lawsuits against insiders who CDC claims were behind the motion to dismiss. China.com filed a competing reorganization plan. CDC interprets the plan as giving releases of claims that CDCs plan would prosecute instead. Based in Atlanta, CDC Corp. (Nasdaq: CHINA) -- http://www.cdccorporation.net/ -- is the parent company of CDC Software (Nasdaq: CDCS). CDC Software is based dually in Shanghai, China, and Atlanta and produces enterprise software applications, IT consulting services, outsourced applications development and IT staffing. The companys owners include Asia Pacific Online Ltd., Xinhua News Agency and Evolution Capital Management. CDC Corp., doing business as Chinadotcom, filed a Chapter 11 petition (Bankr. N.D. Ga. Case No. 11-79079) on Oct. 4, 2011. James C. Cifelli, Esq., at Lamberth, Cifelli, Stokes & Stout, PA, in Atlanta, Georgia, serves as counsel. Moelis & Company LLC serves as its financial advisor and investment banker. Marcus A. Watson at Finley Colmer and Company serves as chief restructuring officer. The Debtor estimated assets and debts at US$100 million to US$500 million as of the Chapter 11 filing. The Official Committee of Equity Security Holders of CDC Corp. is represented by Troutman Sanders. The Committee tapped Morgan Joseph TriArtisan LLC as its financial advisor. The stock of CDC Software Corp. was sold for $249.8 million to an affiliate of Vista Equity Holdings. The Debtors Plan provides that in addition to paying creditors in full and distributing the excess to shareholders, the plan would allow filing lawsuits against insiders who CDC claims were behind the motion to dismiss. China.com filed a competing reorganization plan. CDC interprets the plan as giving releases of claims that CDCs plan would prosecute instead. 5. Charlie McGlamry, 14 Companies File for Chapter 11 Centerville, Georgia-based real estate developer Charlie N. McGlamry filed a petition for Chapter 11 protection, along with his 14 companies, in Macon, Georgia on May 9, 2012. Over the past 44 years, Mr. McGlamry has managed to successfully develop numerous real estate developments in and around Houston County, Georgia. Mr. McGlamry continues to operate his real estate development business through sole proprietorship McGlamry Properties -- http://www.mcglamryproperties.com -- and USA Land Development Inc. Mr. McGlamry individually owns, through his sole proprietorship, approximately, 74 acres of undeveloped commercial property at the intersection of Russell Parkway and Corder Road in Houston County, Georgia. Mr. McGlamry established a number of single member limited liability companies and sole shareholder corporations to own and develop specific tracts of land. Mr. McClamry and his affiliated companies have sought joint administration of their Chapter 11 cases and have

Mr. McGlamrys as the lead case (Bankr. M.D. Ga. Case No. 12-51197). The Debtors have filed applications to employ Cohen Pollock Merlin & Small, PC, as bankruptcy counsel. The Debtors are also seeking permission to maintain their existing bank accounts and honor certain prepetition obligations. Bank accounts are being kept by Mr. McGlamry and USA Land in SunMark Bank. USA Land is the entity Mr. McGlamry uses for the development of real estate. The Debtors have sought an expedited hearing on the first-day motions. A hearing is scheduled for May 11, 2012 at 10:00 a.m. Judge James P. Smith has been assigned to the case. Mr. McGlamry estimated up to $50 million in assets and up to $100 million in liabilities in his Chapter 11 filing. The Debtors three largest bank creditors and their claims are Synovus Bank ($35.1 million), Wells Fargo Commercial Mortgage Servicing ($18.2 million), and KeyBank Real Estate Capital ($15.9 million). According to the case docket, schedules of assets and liabilities and the statements of financial affairs are due May 23, 2012. The Chapter 11 plan and disclosure statement are due Sept. 6, 2012. The Debtors did not disclose the basis for the Chapter 11 filing in court documents filed on the Petition Date. Assets Owned by McGlamrys Companies Mr. McGlamry, as sole shareholder or member, has signed Chapter 11 petitions for these companies: * USA Land Development (Case No. 12-51198) -- platted, unplatted and partially developed lots in the Georgian Mill subdivision at The Woodlands of Houston located north of Highway 127 between Moody Road and Old Perry Road in Houston County, Georgia. * Barrington Hall Development Corp. (12-51199) -- 500 acres of land for the future phases of The Woodlands of Houston subdivision in Houston County, Georgia. * Bear Branch, LLC (12-51200) -- undeveloped land off Langston Road and east of Highway 41 in Houston County, Georgia. * By-Pass/Courthouse, LLC (12-51201) -- commercial and residential undeveloped land off the Perry Bypass and Kings Chapel Road in Houston County, Georgia. * Chinaberry Place, LLC (12-51202) -- 177 acres of undeveloped land at the end of Hill Road south of Highway 341 in Houston County, Georgia. * Eagle Springs, LLC (12-51203) -- 51 acres of commercial properties at the intersections of Gunn Road and Houston Lake Road, and Gunn Road and Hwy 41 in Houston County, Georgia. * Elmdale Development, LLC (12-51204) -- 119 acres of undeveloped land located south of Highway 96 near Cartwright Drive in Houston County, Georgia. * Gurr/Kings Chapel Road, LLC (12-51205) -- 110 acres of land located at the southeast corner at Kings Chapel Road and Gurr Road in Houston County, Georgia. * Jaros Development, LLC (12-51206) -- developed and undeveloped land in the Carlton Ridge South and The Terraces subdivisions located south of Feagin Mill Road near Highway 41 in Houston County, Georgia. * Lake Joy Development, LLC (12-51207) -- platted lots and undeveloped land for the future phases of The Tiffany subdivision located south of Feagin Mill Road between Highway 41 and Lake Joy Road in Houston County, Georgia. * Old Hawkinsville Road, LLC (12-51208) -- (x) platted, unplatted and partially developed lots in The Cottages and Charlestown subdivisions located south of Sandy Run Road between Highway 247 and Old Hawkinsville

Road in Houston County, Georgia, and (y) 86 acres of future development property for the extension of The Cottages and Charlestown subdivisions. * South Houston Development, LLC (12-51209) -- undeveloped property located west of Houston Lake Road and Thistlewood subdivision in Houston County, Georgia. * The Villages at Nunn Farms, LLC (12-51210) -- 600 acres of agricultural property located at Highway 341, Arena Road, and Highway 247 in Houston County, Georgia. * Houston-Peach Investments, LLC (12-51212) -- 337 acres of farm land on Highway 49 in Peach County, Georgia. 6. Interacciones Bankings Liquidators File Chapter 15 Petition Joint liquidators of Antigua-based Interacciones Banking Corporation, Ltd. filed a Chapter 15 bankruptcy petition before the U.S. Bankruptcy Court in Houston, Texas, to stop a U.S. lawsuit involving assets of the winding up company. Charles Walwyn and Robert Wilkinson of PricewaterhouseCoopers in Antigua were appointed receivermanagers of the Debtor by Antiguas Financial Services Regulatory Commission in June 2011. They filed a petition to wind up IBC in October 2011. They were later appointed liquidators in March 2012. Messrs. Walwyn and Wilkinson concluded in June 2011 that IBC was insolvent and unable to pay creditors, with a deficit of $18.8 million as of June 30, 2011. Assets amounted to $8.45 million while liabilities amounted to $27.25 million. According to the liquidators, IBC had deposited $7.3 million of bonds and other assets with Harris, Texas-based Global Financial Services, LLC. Global provided brokerage services to IBC for several years. Curacao, Dutch West Indies-based Donzi, N.V., which was a party to custodial services agreement with the Debtor, claims rights to the assets transferred by IBC to its accounts at Global. Donzi filed a complaint against Global in the District Court of Harris County, Texas (Case No. 2011-11903), for declaratory relief in connection with $5.1 million in bonds and equities held in custody at Global. The parties to the litigation are now in discovery. Messrs. Walwyn and Wilkinson have asked the U.S. Bankruptcy Court to recognize the pending case in the Eastern Caribbean Supreme Court in the High Court of Justice of Antigua and Barbuda as foreign main proceeding. The liquidators want the bankruptcy court to stay all proceedings against the Debtor and its assets in the United States. 7. 4Kids Entertainment Seeks Control of Case Through Aug. 3 4Kids Entertainment, Inc., dba 4Kids, asks the U.S. Bankruptcy Court to extend the exclusive periods within which only the Debtors can file a plan from May 3, 2012, to Aug. 3, 2012, and the period to secure acceptance of a plan from July 3, 2012, to Oct. 3, 2012. New York-based 4Kids Entertainment, Inc., dba 4Kids, is an entertainment and media company specializing in the youth oriented market, with operations in these business segments: (i) licensing, (ii) advertising and media broadcast, and (iii) television and film production/distribution. The parent entity, 4Kids Entertainment, was organized as a New York corporation in 1970. 4Kids filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code to protect its most valuable asset -- its rights under an exclusive license relating to the popular Yu-Gi-Oh! series of animated television programs -- from efforts by the licensor, a consortium of Japanese companies, to terminate the license and force

4Kids out of business. 4Kids and affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y. Lead Case No. 11-11607) on April 6, 2011. Kaye Scholer LLP is the Debtors restructuring counsel. Epiq Bankruptcy Solutions, LLC, is the Debtors claims and notice agent. BDO Capital Advisors, LLC, is the financial advisor and investment banker. EisnerAmper LLP fka Eisner LLP serves as auditor and tax advisor. 4Kids Entertainment disclosed $78,397,971 in assets and $86,515,395 in liabilities as of the Chapter 11 filing. Hahn & Hessen LLP serves as counsel to the Official Committee of Unsecured Creditors. Epiq Bankruptcy Solutions LLC serves as its information agent for the Committee. The Consortium consists of TV Tokyo Corporation, which owns and operates a television station in Japan; ASATSU-DK Inc., a Japanese advertising company; and Nihon Ad Systems, ADKs wholly owned subsidiary. The Consortium is represented by Kyle C. Bisceglie, Esq., Michael S. Fox, Esq., Ellen V. Holloman, Esq., and Mason Barney, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky LLP, in New York. In January 2012, the bankruptcy judge ruled in favor of 4Kids, deciding that the Yu-Gi-Oh! property license agreement between the Debtor and the licensor was not effectively terminated prior to the bankruptcy filing. Following the ruling, 4Kids entered into a settlement where it would receive $8 million to end the dispute over its valuable Yu-Gi-Oh! Property. Bankruptcy Professionals on the Move, May 11th, 2012 Timothy Walsh is our second mover in May, going up the ladder of McDermott Will & Emery LLP. McDermott Will & Emery LLP appointed Mr. Walsh, a highly regarded senior restructuring lawyer, as international head of its Restructuring & Insolvency practice. The firm says the move is part of its strategic initiative to significantly expand its worldwide restructuring and bankruptcy capabilities. Mr. Walsh, who joins from an AmLaw Top 5 corporate law firm where he served as partner and Vice Chair of that firms Restructuring Practice Group, brings more than 20 years experience leading some of the largest and most complex restructuring and bankruptcy proceedings through the United States and throughout the world. He focuses his practice on all aspects of restructuring transactions in major domestic and cross-border bankruptcyrelated proceedings as well as out-of-court restructurings. Timothy Walsh is our second mover in May, going up the ladder of McDermott Will & Emery LLP. McDermott Will & Emery LLP appointed Mr. Walsh, a highly regarded senior restructuring lawyer, as international head of its Restructuring & Insolvency practice. The firm says the move is part of its strategic initiative to significantly expand its worldwide restructuring and bankruptcy capabilities. Mr. Walsh, who joins from an AmLaw Top 5 corporate law firm where he served as partner and Vice Chair of that firms Restructuring Practice Group, brings more than 20 years experience leading some of the largest and most complex restructuring and bankruptcy proceedings through the United States and throughout the world. He focuses his practice on all aspects of restructuring transactions in major domestic and cross-border bankruptcyrelated proceedings as well as out-of-court restructurings. Early this month, UK insolvency lawyer John Verrill joined Chadbourne & Parke LLP from Dundas & Wilson.

By The Numbers
2012 Bankruptcy Filings by Assets Size
10 9 8 7 6 5 4 3 2 1 more than $1B $500MM-$1B $100-$500MM Jan 2 7 1 7 Feb Mar 1 1 3 4 Apr May Jun Jul Aug Sep Oct Nov Dec