Biography
Irving Picard focuses his practice primarily on representing unsecured and secured creditors, commercial landlords, bankruptcy trustees and other parties in interest in bankruptcy reorganization cases, as well as in out-of-court restructurings. Mr. Picard also serves as a court-appointed trustee in securities brokerage house liquidations under the Securities Investor Protection Act (SIPA). He is currently serving as the court-appointed trustee under SIPA in the liquidation of Bernard L. Madoff Investment Securities LLC. Click here to visit the Madoff Trustee website.
Mr. Picard has extensive litigation experience including investigating the financial affairs of debtors and seeking to recover property, objections to confirmation of chapter 11 plans, substantive consolidation and preference and fraudulent transfer issues. He has counseled clients with respect to transactional matters, such as acquisitions of assets from debtors, proposing chapter 11 plans and drafting disclosure statements, non-substantive consolidation and true sale opinions and provided advice regarding bankruptcy remote entities.
Mr. Picard is a member of the New York and American Bar Associations (ABA Business Law and Litigation Sections, Business Bankruptcy Committee), the American Bankruptcy Institute, Commercial Law League of America (Bankruptcy Section), Federal Bar Council, Registry of Mediators for the United States Bankruptcy Court (SDNY) and the Turnaround Management Association. He is an associate member of the National Association of Bankruptcy Trustees and the Association of Insolvency and Restructuring Advisors.