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Michael Schaedle concentrates his practice on bankruptcy, reorganizations and workouts, debt and equity restructuring, and&nbsp;commercial and public debt transactions, including:<ul>	<li>Secured creditors</li>	<li>Creditors’ and other committees and creditor groups</li>	<li>Creditors, contract counter-parties</li>	<li>Asset purchasers / plan-of-reorganization proponents</li>	<li>Trustees, debtors, foreign representatives, and other fiduciaries</li></ul>Mike is ranked by Chambers USA as a leading bankruptcy lawyer. Chambers sources called him “a walking encyclopedia of knowledge” and a “very strong advocate and a brilliant legal writer,” also noting that he “is just excellent and few are peers to him.” Clients say he is “tenacious, thorough and highly strategic” and “a main factor in our choosing this firm.”Mike is a Fellow in the American College of Bankruptcy, a member of the International Insolvency Institute, and has been certified as a Business Bankruptcy Specialist by the American Board of Certification.

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Pennsylvania

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United States Court of Appeals for the Third Circuit

U.S. District Court - Colorado

U.S. District Court - Eastern District of Pennsylvania

U.S. District Court - New Jersey

U.S. District Court - Middle District of Pennsylvania

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

United States Court of Appeals for the Second Circuit

Finance & Restructuring

Financial Services

Private Equity

Aerospace, Defense & Government Services

ADG Bankruptcy

Blazing New Ground: Cannabis Holding Company Obtains Chapter 15 Recognition

Blank Rome Partners Recognized in the 2026 Lawdragon 500 Leading Global Bankruptcy & Restructuring Lawyers Guide

Geden Past COMI Presumptions: COMI Requirements for Liquidators in Letterbox Jurisdictions

Blank Rome Attorneys Recognized in 2026 Best Lawyers in America®

Blank Rome Partners Recognized in the 2025 Lawdragon 500 Leading Global Bankruptcy & Restructuring Lawyers Guide

Chambers USA 2025 Recognizes Blank Rome Attorneys and Practices

Distinguished Leader Honoree: Michael Schaedle, Blank Rome

The Intersection of Maritime Law and Insolvency

Good Forum Shopping: Shifting Jurisdiction to Effectuate a Restructuring Is Permissible If It Prioritizes Creditor Expectations

Judge Timothy K. Lewis and Michael B. Schaedle Recognized in the 2025 Pennsylvania Legal Awards

Blank Rome Represents Ollie’s in Acquisition of 40 Big Lots Store Leases

Chapter 15: A More Efficient Path for Recognition of Foreign Judgments as Compared with Adjudicatory Comity

Navigating the Con: A Deep-Dive into Bankruptcies Filed After a Debtor’s Fraud

Global Real Estate Crisis and Impact on Cross-Border Insolvency Proceedings

Bankruptcy 2024: Views from the Bench

Blank Rome Attorneys Recognized in 2025 Best Lawyers in America®

Blank Rome Partners Recognized in the 2024 Lawdragon 500 Leading Global Bankruptcy & Restructuring Lawyers

Do I Still Have a Non-compete? Less than 100 Days to the FTC Ban on Non-competes, Legal Challenges Remain

Chambers USA 2024 Recognizes Blank Rome Attorneys and Practices

First-Day Issues

Third Circuit 2023 Educational Forum of the American College of Bankruptcy and Temple Beasley School of Law

Bankruptcy 2023: Views from the Bench

Blank Rome Attorneys Recognized in 2024 Best Lawyers in America®

Regina Stango Kelbon, Michael B. Schaedle, and Josef W. Mintz Recognized in the 2023 Lawdragon 500 Leading U.S. Bankruptcy & Restructuring Lawyers

Chambers USA 2023 Recognizes Blank Rome Attorneys and Practices

Maritime – Restructuring

Workouts & Out of Court Restructuring / Bankruptcy Alternatives

Bankruptcy & Restructuring

Distressed M&A & Reorganization in Bankruptcy

Creditor Group Representation

International Insolvency

Finance

<ul>
<li>Sunnova Energy, as 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).</li>
<li>Franchise Group, as co-counsel to agent for lenders in respect of $1.38&nbsp;billion first lien term loan and $750&nbsp;million DIP term loan for retail conglomerate in chapter 11.</li>
<li>Sientra, as counsel to successful purchaser in acquiring certain material breast implant and related assets from aesthetics technology manufacturer in chapter 11 for an aggregate sale price of $42.5mm.</li>
<li>Vyera Pharmaceuticals, as counsel to ad hoc equity group in successfully defending adversary to limit rights in Swiss shareholder meeting and then using resulting leverage to negotiate equity favorable plan (potentially accessing $100mm in enterprise value) in bio-pharmaceuticals chapter 11.&nbsp;</li>
<li>Alto Maipo, as co-counsel to ad hoc committee of tort claimants representing in excess of one billion dollars in claims in respect of reorganization of run of river hydroelectric energy project in Chile.&nbsp;</li>
<li>Live Well Financial, as counsel to trustee in respect of liquidation of reverse mortgage lender and servicer ($3.3 billion in origination and servicing).</li>
<li>Welded Construction, as counsel to unsecured creditors&#8217; committee of general contractor in connection with approximately $1.7 billion of construction contracts relating to pipeline projects.</li>
<li>Cashman Equipment Corporation, as counsel to largest senior secured lender and post-petition collateral agent for large lender group in respect of at least $142 million of senior secured claims in international barge company Chapter 11.</li>
<li>Performance Sports Group, as counsel to unsecured creditors’ committee of international manufacturer and supplier of sporting goods under well-known brands, including Bauer and Easton, where assets sold for $575 million and plan confirmed creating full recovery for unsecured creditors. The M&amp;A Advisor awarded the Performance Sports Group Chapter 11 case its “Best International Restructuring Award” for 2017 in respect of $500-million to one-billion-dollar deal size.</li>
<li>Texas Competitive Electric Holdings, as co-counsel to agent for $24.1 billion&nbsp;first lien tranche in successful reorganization of holding company for electric utilities.</li>
<li>Energy Coal, as counsel to foreign representative of Italian coal product wholesaler in the first Chapter 15 case in the United States relating to the amended, reorganization-optimizing concordato preventivo process under the Italian Insolvency Law, which restructured approximately&nbsp;$140 million in liabilities.</li>
<li>Philadelphia Rittenhouse, as counsel to senior secured lender in successfully obtaining dismissal of luxury condominium Chapter 11 and obtaining receiver.</li>
<li>Marco Polo Seatrade, as counsel to unsecured creditors’ committee in shipping line Chapter 11 case, representing $159 million in unsecured maritime claims.</li>
<li>Daebo International Shipping, as counsel to foreign representative of Korean bulk product shipping line in its Chapter 15 case, successfully implementing a rehabilitation plan by resolving certain Rule B attachments through complex litigation.</li>
<li>North Texas Bancshares, as co-counsel to unsecured creditors’ committee made up of indenture trustees for certain trust preferred securities in bank holding company Chapter 11.</li>
<li>Centaur, LLC, as counsel to unsecured creditors’ committee in the Chapter 11 of a gaming business in successful reorganization of approximately $1 billion in indebtedness, enabling substantial dividends for unsecured creditors.</li>
<li>Nova Biosource Fuels, as counsel to biodiesel refining business in its Chapter 11, negotiating and closing acquisition by REG for $36.25 million of debt assumption and other consideration.</li>
<li>Mortgage Lenders Network as&nbsp;counsel&nbsp;to&nbsp;unsecured creditors’ committee in the Chapter 11 of a subprime mortgage loan origination and servicing business ($3.31 billion origination platform).</li>
<li>USGen New England, Inc., as counsel to debtor in successful billion-dollar reorganization of large electric wholesale generator in New England, providing 100% plus interest recovery to creditors and significant return to equity.</li>
<li>TWA, as counsel to unsecured creditors’ committee in multi-billion dollar international airline Chapter 11.</li>
<li>Cajun Electric Power Cooperative as counsel to senior secured creditor in billion dollar utility reorganization.</li>
<li>Allegheny Health Education and Research Foundation, as counsel to institutional pre-petition lender in Chapter 11 cases of hospital system.</li>
</ul>

Michael B. Schaedle

Michael B. Schaedle

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