• Delaware
  • New Jersey
  • Pennsylvania
  • United States Court of Appeals for the Third Circuit


  • American Bankruptcy Institute
  • American Bar Association
  • American College of Bankruptcy
  • Consumer Bankruptcy Assistance Project
  • Saint Joseph University Law Alumni Association
  • Turnaround Management Association


  • Temple University Beasley School of Law, JD, magna cum laude
  • St. Joseph's University, BA, summa cum laude
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Regina Stango Kelbon


Wilmington, DE v. +1.302.425.6424 f. +1.302.428.5133
Philadelphia, PA v. +1.215.569.5507 f. +1.215.832.5507


Regina Stango Kelbon represents creditors’ committees, debtors, institutional lenders, lender groups, creditors, executory contract parties, equipment lessors, plan of reorganization proponents, and asset purchasers in areas including:

  • Chapter 11 reorganizations
  • out of court restructurings
  • debtor-in-possession financing
  • intercreditor relationships
  • lender liability prevention and defense

   Sources say she 'understands that bankruptcy is less a protracted legal exercise and more about getting the deal done.' 
—Chambers USA

Chambers USA ranks Ms. Kelbon as a leader in the field of bankruptcy and restructuring law in both Delaware and Pennsylvania. Chambers sources state that they appreciate that “she does a lot of advance planning and thinks through strategies to see what could happen.Chambers has noted that she is “a very solid practitioner with a constructive approach to problem solving” and that sources say she “understands that bankruptcy is less a protracted legal exercise and more about getting the deal done.” Clients also say “she is very well prepared and leaves no stone unturned. Shes passionate about her work. She’s conscientious of the work that shes doing and conscious about the cost thats incurred.”

Ms. Kelbon serves as a mediator for the Bankruptcy Court for the Eastern District of Pennsylvania. She also frequently lectures and writes for the Pennsylvania Bar Institute and the American Bar Association on insolvency and restructuring issues.


  • Counsel to Agent bank under prepetition syndicated ABL loan and post-petition DIP financing to 168-store supermarket chain in chapter 11 case (Wilmington, DE).
  • Counsel to Agent bank in securing a full $260 million payout for our client, with respect to the receivership of Condor Capital, a business that specialized in lending to low-income borrowers without credit history.
  • Counsel to Agent on a $60 million secured facility in the USA Discounters, Ltd. chapter 11 cases (Wilmington, DE).
  • Counsel to a commercial finance company, in connection with the bankruptcy of Maine-based Lincoln Paper & Tissue.
  • Counsel to a commercial finance company, in connection with bankruptcy of the Oakland-based steel company Pacific Steel Casting Co.
  • Counsel to the debtor-in-possession lender in connection with a $65 million DIP loan (New York, NY).
  • PFF Bancorp as counsel to the creditors’ committee of bank holding company in its Chapter 11 case.
  • Lower Bucks Hospital as counsel to the creditors’ committee of local hospital system.
  • Hussey Copper as counsel to Agent and Bank Group of largest US copper producer in its workout and then Chapter 11 filing and sale of substantially all of its assets.
  • Adams Produce Company in the representation of senior secured lender in the Chapter 11 of major regional food distributor in Southeastern PA.
  • Fiber Tower as counsel to a national wireless carrier in acquisition of assets.
  • Mortgage Lenders Network as lead counsel to the creditors' committee in the Chapter 11 of a subprime mortgage loan origination and servicing business.
  • New Century Financial in a leading role as co-counsel to the creditors' committee in the Chapter 11 of one of the largest subprime mortgage lenders in the U.S.
  • Brooklyn Hospital Center and Caledonian Health Center Inc. in the representation of debtor-in-possession lender in hospital system Chapter 11.
  • Crouse Health Hospital as counsel to the creditors’ committee in Chapter 11 case of hospital system.
  • Delaware Valley Medical Center as special counsel to debtor to sell hospital and handle pension claims.
  • Uniroyal Technologies as counsel to creditors’ committee of manufacturer of materials employing semi-conductor technologies and plastic vinyl coated fabrics.
  • InaCom Corp as counsel to creditors’ committee of billion dollar internet "pipeline" business in its Chapter 11.
  • Today’s Man as counsel to debtor in reorganization of men’s superstore retail chain Chapter 11 case.
  • AES Thames as counsel to creditors’ committee in Chapter 11 of the operator of a Connecticut power plant.
  • Thompson Publishing as counsel to the Agent in DIP lending facility and as stalking horse bidder in Chapter 11 case.
  • Banner Aerospace/Fairchild Corporation as counsel to the institutional DIP lender in Chapter 11 case.


Ms. Kelbon is a fellow of the prestigious American College of Bankruptcy. She serves on the Board of Directors of the Philadelphia Chapter of the Turnaround Management Association where she also chairs the Networking Organization of Women. Ms. Kelbon also serves as chair of the ABA’s Business Bankruptcy Subcommittee on Corporate Governance, and as a board member and executive committee member of the Consumer Bankruptcy Assistance Project for the Eastern District of Pennsylvania, where she is also the former president. In addition, Ms. Kelbon is the former vice chair of the ABA’s Business Bankruptcy Subcommittees on Bankruptcy Claims, Fraud, and Abuse of Bankruptcy Process, Mass-Torts and Environmental Law, and Unconventional Bankruptcy Problems.

Ms. Kelbon previously served on the Strategic Planning Committee for the Catholic Social Services of the Archdiocese of Philadelphia.


  • Bankruptcy/Restructuring Law, listed in Chambers USA
  • AV Preeminent®, listed in Martindale-Hubbell®
  • 2007–2018, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation – Bankruptcy, Philadelphia, listed in Best Lawyers in America©
  • 2017, “Lawyer of the Year” for Litigation – Bankruptcy in Philadelphia, listed in Best Lawyers in America©
  • 2005–2006, 2008–2009, 2012–2017, “Pennsylvania Super Lawyer” in Bankruptcy, listed in Super Lawyers

A description of the standard or methodology on which the accolades are based can be found here.

No aspect of this advertisement has been approved by the Supreme Court of New Jersey.