Ira Herman concentrates his practice on restructuring and bankruptcy matters with emphasis on distressed public debt issues, secured and unsecured loans, cross-border insolvency matters, distressed M&A, and corporate governance.
Restructuring & Bankruptcy
Ira regularly advises his clients, including equity investors and lenders, on the management of bankruptcy risk in their transactions, asset dispositions, inter-creditor issues, and distressed M&A. He also regularly counsels indenture trustees regarding defaulted public debt issue. Additionally, he provides restructuring and bankruptcy advice to financially distressed businesses and their management, including with regard to corporate governance issues.
Mediation & Arbitration
As a court-appointed mediator, Ira has been able to facilitate the resolution of controversies involving U.S. and non-U.S. parties concerning bankruptcy and commercial law issues. He is a skilled listener who is able to solve problems and address the needs of the parties to a dispute by employing his knowledge of the law and creativity.
With all his clients, Ira seeks to be a partner and trusted adviser who works hard to understand a client’s business to achieve the best possible outcomes. He strives to be efficient, cost effective, and proactive in discussing the impact of legal trends on their businesses, managing risk, and making the client’s job as stress-free as possible.
Ira annually updates “Anticipating and Managing Bankruptcy Risk,” a series of articles he has written for the Financial Restructuring & Bankruptcy module of LexisNexis Practical Guidance®. He has served for five years on its editorial advisory board and has also served on Law360’s Bankruptcy Editorial Advisory Board. In 2022, Ira updated the chapter titled “Bankruptcy” in the treatise Negotiating and Drafting Commercial Leases (2022, Full Court Press).
During law school, Ira served as the Articles Editor for the Boston University International Law Journal and while earning his bachelor’s degree, he served as editor-in-chief of The Polis, the college political science journal.
Outside the Firm
With an English Setter of their own, Ira and his wife foster and provide hospice care (when necessary) for English Setters, in association with A Better English Setter Rescue. Ira is an avid perennial gardener and has an extensive collection of 19th century bankruptcy court documents, as well as a collection of Holy Land postal history items. He is a New York sports fan and has the dubious distinction of owning the blog Long-Suffering Jets Fan. In addition to these interests, he enjoys spending time with his five grandchildren.