Attorneys

CHESTER B. SALOMON has represented debtors, creditors, lenders, trustees, litigants and asset purchasers in complex Chapter 11 and Chapter 7 cases for more than 35 years. He has served as Chapter 11 trustee, Chapter 7 trustee and examiner in cases in the New York metropolitan area. Mr. Salomon has spoken publicly in the United States and Europe and has written numerous articles on insolvency topics. He is frequently consulted by the news media on bankruptcy topics.

As published in The New York Times, Mr. Salomon has been recognized from 2006 to 2010 as a New York Super Lawyer, having been selected by his peers as being among the top 5 percent of lawyers in the state.

Experience

Representative Cases:

In re 1633 Broadway Mars Rest. Corp., 388 B.R. 490 (Bankr. S.D.N.Y. 2008)

Geron v. Schulman (In re Manshul Constr. Corp.), 228 B.R. 532 (Bankr. S.D.N.Y. 1999)

In re Trina Associates, 128 B.R. 858 (Bankr. E.D.N.Y. 1991)

Salomon v. Kaiser (In re Kaiser), 722 F.2d 1574 (2d Cir. 1983)

Rodman v. Rinier (In re W.T. Grant Co.), 620 F.2d 319 (2d Cir.), cert. denied, 446 U.S. 983 (2d Cir. 1980)


Selected Publications:

"UNCITRAL 38th Session of Working Group V - New York," Eurofenix Journal of INSOL Europe, Summer 2010

"Clawbacks in the Madoff Case." Dow Jones Daily Bankruptcy Review February 24, 2010.

"Ten Practical Questions as a Client Faces Loan Default." NYS Bar Association, 79 Journal No. 9, December 2007.

"What Real Estate Brokers Should Know When a Home Buyer or Seller Enters Bankruptcy." American Bankruptcy Institute Real Estate Newsletter. Vol. 4, No. 4 2007.

"Corporate Directors’ Changing Fiduciary Duties as Insolvency and Chapter 11 Approach." Institute for Investment Research, February 2003.

"Corporate Directors’ Changing Fiduciary Duties as Insolvency and Chapter 11 Approach." NYU School of Continuing Legal Education, October 2003.

"Sarbanes-Oxley and Discharge in Personal Bankruptcy – Another Ripple for Financial Executives and Wall Streeters." The Bankruptcy Strategist, American lawyer Media, April 2003.

"American Bankruptcy Officers: Who Are the Officeholders, How Are They Appointed, Paid and Supervised Under American Bankruptcy Law?" International Business Lawyer, Volume 30, No. 6, 2002.

"Lender Strategies in Bankruptcy Asset Sales." Commercial Lending Review, May 2002. Co-author.


2010 Speaking Engagements:

"Clawback Controversy - Claims and Defenses in Madoff, Stanford and Other Ponzi Cases" (Harvard Club New York February 5, 2010)

"First Hamburg Insolvency Symposium on Comparative Restructuring" (U. of Hamburg May 15, 2010)

"Is Bankruptcy on the Horizon for BP?" (Gerson Lehrman Group Teleconference June 15, 2010) 

Education

New York University School of Law, LL.M. in Taxation, 1970

New York University School of Law, J.D., 1967

Columbia College, A.B., 1964 

Memberships

Court Admissions:

U.S. District Court for the Southern District of New York

U.S. District Court for the Eastern District of New York

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Eleventh Circuit

U.S. Supreme Court


Professional Associations/Civic Affiliations:

American Bankruptcy Institute, Board Member 2004-2010

U.S. Bankruptcy Court for the Southern District of New York, Panel of Mediators

New York State Bar Association, Section on Commercial and Federal Litigation

Association of the Bar of the City of New York, Committee on Drugs and the Law, 1986-Present; Chairman 1999-2000

American Bar Association, Business Law Section; Business Bankruptcy Committee

hww Insolvency Cooperation Partners, 2008-Present