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Ira Herman concentrates his practice on restructuring and bankruptcy matters with emphasis on complex debtor and creditor law issues, DIP financing, cross-border matters, distressed M&amp;A, distressed real estate, leasing issues, and corporate governance. He also serves as a mediator and arbitrator with respect to insolvency, real estate, tax, and other commercial law issues.Restructuring &amp; BankruptcyIra regularly advises lenders, property owners, equity sponsors, and others on issues relating to bankruptcy risk and adjacent debtor and creditor matters. He provides restructuring and bankruptcy advice to financially distressed businesses and their management, including regarding corporate governance issues.Mediation &amp; ArbitrationAs a court-appointed mediator, Ira has been able to facilitate the resolution of controversies involving U.S. and non-U.S. parties concerning insolvency, restructuring, bankruptcy and commercial law issues. He is a skilled listener and excellent problem solver 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.He is on the Register of Mediators and Arbitrators for the U.S. District Court for the Eastern District of New York, and the U.S. Bankruptcy Courts for the Eastern District of New York and Southern District of New York.

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U.S. District Court - Northern District of Texas

U.S. District Court - Western District of New York

U.S. District Court - Eastern District of New York

U.S. District Court - Northern District of New York

U.S. District Court - Southern District of New York

U.S. District Court - Southern District of Texas

United States Court of Appeals for the Second Circuit

Finance & Restructuring

Cybersecurity

Non-Fungible Tokens (“NFTs”) & Digital Assets

ADG Bankruptcy

Practical Guidance for Luxury Brands Navigating Retailer Insolvency

Real Estate Industry Focus: Confronting Challenges and Exploring Solutions

Restructuring in the Age of Artificial Intelligence

Blank Rome Attorneys Recognized in 2026 Best Lawyers in America®

Ethics Panel

Ira L. Herman Designated Distinguished Fellow of the Association of Insolvency & Restructuring Advisors

Ira L. Herman Receives American Bankruptcy Institute’s Distinguished Service Award

Blank Rome’s Ira L. Herman Helps Launch Restructuring Masterclass in Partnership with the American Bankruptcy Institute

Mastering Soft Skills in Business Law

More than Just Superheroes: Marvel Inked Ch. 11 Legacy

Blank Rome Attorneys Recognized in 2025 Best Lawyers in America®

Legal and Practical Issues and Implications of Enforcing Judgments Inside and Outside of Bankruptcy

Blank Rome Attorneys Recognized in 2024 Best Lawyers in America®

Distressed Debt

AIRA 39th Annual Bankruptcy & Restructuring Conference (AC23)

Recent Topics in Ethics

Privacy, Security & Data Protection

Banking & Commercial Finance Litigation

Workouts & Out of Court Restructuring / Bankruptcy Alternatives

Bankruptcy & Restructuring

Distressed M&A & Reorganization in Bankruptcy

DIP Financing

Creditor Group Representation

International Insolvency

Restructuring &amp; Bankruptcy
<ul>
<li>Sunnova Energy. Co-counsel to unsecured creditors committee of residential solar energy finance and installation business, restructuring in excess of $1 billion in unsecured claims, and relating to complex securitization structure ($8.5 billion in purported value). (Texas)</li>
<li>QualTek Services. DIP ABL agent in a split-lien deal in connection with the negotiation and documentation of a $101.2 million DIP revolving credit facility, restructuring support agreement, and plan of reorganization in the debtors’ pre-arranged chapter 11 bankruptcy cases, as well as an exit ABL facility, and related intercreditor agreements with the debtors’ DIP and exit term lenders. (Texas)&nbsp;</li>
<li>Invacare Corp. Agent and lender in connection with a $35 million pre-petition credit facility and a DIP financing of $17.4 million in chapter 11 case of manufacturer and distributor of home and long-term care medical products. (Texas)</li>
<li>Fluid Market Inc.&nbsp;The creditors’ committee in the Chapter 11 case of a leading provider of tech-enabled flexible truck fleet rental solutions. (Delaware)</li>
<li>Yellow Corporation. Counsel to a global real estate investment manager, as a lessor of commercial real estate, in the bankruptcy of a trucking subsidiary of transportation and logistics holding company Yellow Corporation in 2023. (Delaware)</li>
<li>Jo-Ann Fabrics. Counsel to a global real estate investment manager, as a landlord, in connection with two facilities leased by a fabrics and crafts retailer which filed for bankruptcy for a second time in 2025. (Delaware).</li>
<li>DRF Logistics f/k/a Pitney Bowes Global Logistics LLC. Counsel to a global real estate investment manager in connection with the bankruptcy of the former online delivery arm of shipping and logistics group Pitney Bowes, (Texas)</li>
<li>Noble House. Counsel to a global real estate investment manager in connection with a lease default by a manufacturer and distributor of furniture and home furnishings which filed for bankruptcy in 2023. (Texas)</li>
<li>American Tire Distributors. Counsel to a global real estate investment manager in connection the Chapter 11 case of one of the largest independent suppliers of tires to the replacement tire market. (Delaware)</li>
<li>Superior Energy. Indenture trustee in Chapter 11 case of a leading oilfield services company with debt in excess of $1.3 billion. (Texas)</li>
<li>Alta Mesa Resources Inc. Indenture trustee in Chapter 11 case of an independent energy company engaged in the development, acquisition, exploration and production of oil and natural gas properties. (Texas)</li>
<li>Borden Dairy Co. Agent of senior secured lenders in the bankruptcy of one of the nation’s oldest and largest dairy companies, whose estimated debts and liabilities range from $100 million to $500 million. (Delaware)</li>
<li>Refac Holdings, Inc. Counsel to Refac Holdings with respect to the sale of its business.</li>
<li>Pioneer Energy. Senior secured DIP lender and exit lender that provided $75&nbsp;million asset-based loan facility in the Chapter 11 case of this land contract drilling and production services company serving independent and major oil and gas exploration and production companies. (Texas)</li>
<li>Kaiser Gypsum Company, Inc. The creditors’ committee in Chapter 11 case of gypsum manufacturer in channeling 14,000 asbestos related actions to a 524(g) trust and resolving in excess of $300 million in environmental liability. (North Carolina)</li>
<li>Panda Temple Power LLC. A large pension fund with various relationships to the debtors in Chapter 11 case of electric generation business. (Delaware)</li>
<li>Parker Drilling. Indenture trustee in Chapter 11 case of an offshore and onshore contract drilling and drilling-related services company. (Texas)</li>
<li>BCBG Max Azria Global Holdings LLC. A trade creditor and trademark licensee in Chapter 11 case of women’s fashion retailer. (New York)</li>
<li>Linc USA GP. Indenture trustee in Chapter 11 case of an oil and gas exploration and production company. (Texas)</li>
<li>Hostess Brands, Inc. Indenture trustee in Chapter 11 case of a leading sweet snacks company. (New York)</li>
<li>Parallel Energy LP. The debtors in Chapter 11 case of oil and gas driller. (Delaware)</li>
<li>O.W. Bunker Holding North America Inc. Creditor and physical supplier of fuel bunkers in Chapter 11 case of fuel shipper. (Connecticut)</li>
<li>Trial counsel for mezzanine lender and directors with respect to causes alleging breach of the covenants of good faith and fair dealing, breach of contract, breach of fiduciary duty, and aiding and abetting breach of fiduciary duty.</li>
<li>HMX Acquisition Corp. The purchaser of intellectual property rights through a 363 sale, in Chapter 11 case of owner of tailored clothing brands, and coordinating that purchase with the acquisition of substantially all of the operating assets of Coppley Inc. of Hamilton, Ontario, in a U.S./Canada cross border transaction. (New York)</li>
<li>Controladora Comercial Mexicana. Indenture trustee in Chapter 15 case of a Mexican operator of retail supermarkets and restaurants, and in proceedings filed under Article 125 of the Mercantile Concurso Mercantiles. (New York and Mexico)&nbsp;</li>
<li>Trico Marine Services, Inc. Naviera Mexicana de Servicios, S. de R.L. de C.V. (“NAMESE”), a Mexican joint venture principally owned by Trico Marine Services, Inc. in connection with its reorganization and liquidation of its assets. (Delaware)</li>
<li>Numerous roles in Assignments for the Benefit of Creditors, known as ABCs, acting for assignors, assignees and asset purchasers</li>
</ul>
Mediation &amp; Arbitration
<ul>
<li>Arbitrator (panel) appointed with regard to multimillion-dollar commercial landlord and tenant rent disputes that arose from the COVID-19 Pandemic.</li>
<li>Mediator with respect to a foreclosure action brought by a special servicer against a residential cooperative corporation (over 150 units) and successfully resolved the dispute by restructuring the cooperative corporation’s obligations.</li>
<li>Mediator with respect to disputes relating to federal tax liens secured by residential properties.</li>
<li>Mediator with respect to a partnership dispute arising in connection with a single asset commercial real estate case.</li>
<li>Mediator with respect to an FBAR (Foreign Bank and Financial Accounts) action.</li>
<li>Mediator with respect to multiple “claw back” cases pursued by the Madoff trustee against “net winners.”</li>
<li>Mediator with respect to disputed indemnity claims arising in the Lehman Brothers case with regard to the sale of certain residential mortgages.</li>
<li>Mediator with respect to multiple cases involving alleged preferential transfers.</li>
</ul>

Ira L. Herman

Ira L. Herman

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