Skip to main content

Professionals Professionals Section



Admissions & Qualifications

Court Admissions


Awards & Recognition

Expand All >>
Biography Press Room

Peter J. Young, a partner in the Business Solutions, Governance, Restructuring & Bankruptcy Group, concentrates his practice on complex corporate workouts, restructurings and bankruptcies. Peter represents public and private companies, boards of directors, lenders, unsecured creditors, sellers, purchasers and investors in a wide variety of out-of-court and in-court workout, restructuring and reorganization matters. Peter also represents parties in bankruptcy-related litigation.

Peter’s recent engagements include the representation of:

  • Energy Future Holdings Corp. (EFH), as debtor in possession, in its chapter 11 case. EFH — the largest generator, distributor and certified retail provider of electricity in Texas — is the product of the largest buy-out in history. With over $49 billion in liabilities and $36 billion in assets, EFH and its affiliated-debtors’ chapter 11 cases are the largest operating chapter 11 cases ever filed in Delaware and the seventh largest chapter 11 cases filed in history.
  • KPS Capital Partners, LP, as debtor-in-possession lender to, and acquirer of the business of, chapter 11 debtor Furniture Brands International, Inc. and its affiliates, successfully supplanting the debtors’ original debtor-in-possession lender and putative stalking horse bidder. The transaction was selected as consumer and retail products deal of the year by The M&A Advisor.

  • Philadelphia Newspapers and its affiliates as chapter 11 debtors, negotiating settlements of claims against the debtors and implementing a chapter 11 plan sale process that did not allow credit bidding. The transaction was selected as chapter 11 turnaround of the year (middle market) by The M&A Advisor.

  • HMX Acquisition Corp. and its affiliates as chapter 11 debtors, completing a complex going-concern sale transaction, which featured an “IPCo/OpCo” structure, under which the debtors’ intellectual property assets were sold to one purchaser and its manufacturing assets and real property were sold to another and confirming a chapter 11 plan of liquidation. The transaction was selected as chapter 11 turnaround of the year (over $100 million to $1 billion) by The M&A Advisor.

  • Assignee for the benefit of creditors of Heads & Threads International LLC and its affiliates in the liquidation of all of the companies’ assets and the administration of its assignment for the benefit of creditors, in which secured creditors’ claims were satisfied in full and distributions to general unsecured creditors were substantially higher than those originally forecasted by the companies’ financial advisor prior to the commencement of the proceeding.

  • American Federation of Musicians and Employers’ Pension Fund (AFM-EPF), a multi-employer, defined benefit pension plan with $2 billion in assets that operates to provide covered, retired musicians with pension benefits, in a number of employer restructuring and bankruptcy cases, including the chapter 11 case of the Philadelphia Orchestra Association (POA), achieving for the client the largest settlement amount paid to any creditor in the POA’s chapter 11 case, notwithstanding that the AFM-EPF’s claim was significantly less than the largest claim asserted against the POA.

Additional representative chapter 11 cases in which Peter has been debtors’ counsel include: Advanced Lighting Technologies, Inc.; Jernberg Industries, Inc.; Powerwave Technologies, Inc.; Protocol Services, Inc.; United Subcontractors, Inc.; and Ziff Davis Media Inc. Peter also has represented companies in successful out-of-court workouts and restructurings.

Representative chapter 11 cases in which Peter has represented senior secured lenders and their agents in prepetition, debtor-in-possession and exit financing facilities include: Bachrach Clothing Co.; Delco Oil, Inc.; Jays Foods, Inc.; Kmart Corporation; Pittsfield Weaving Co.; Valentine Paper, Inc.; Vera Sun Energy Corporation; and Vertis, Inc.

Chambers USA notes that Peter is praised by clients as someone who “thoroughly knows the law and understands the temperament of the court” and is “incredibly diligent, creative and decisive.”