Scott K. Rutsky is a Partner in the Business Solutions, Governance, Restructuring & Bankruptcy Group and co-head of the Distressed Debt Group. His practice covers the entire spectrum of insolvency and financial restructurings, including complex corporate and litigation issues arising in that context. Scott has represented secured creditors, lenders, funds, factors, corporate debtors, trustees, unsecured creditors’ committees, employee benefit funds, real estate partnerships, landlords, tenants, asbestos claimants, equity holders and other parties in some of the largest and complex Chapter 11 cases and out-of-court restructurings. He also has represented parties seeking to invest in, or purchase assets of, troubled companies.
Scott’s experience covers a wide variety of industries, including manufacturing, distribution, retail, wholesale, publishing, media, real estate, technology, franchising, health care, licensing, professional services and others. He regularly advises clients on insolvency and creditors’ rights issues arising in non-bankruptcy transactions, such as securitizations, structured financings, and mergers and acquisitions.
Scott has extensive experience representing Chapter 11 debtors throughout the nation including:
SSI Group Holding Corp. (Souper Salad and Grandy's)
Wolverine Tube, Inc.
Whitehall Jewelers, Inc.
Happy Kids, Inc.
Frank's Nursery and Crafts, Inc.
Advanced Glassfiber Yarns, LLC
1515 Broadway Associates
Golden Books Family Entertainment, Inc.
Ithaca Industries, Inc.
Reeves Industries, Inc.
Bower & Gardener
Lone Star Industries, Inc.
Trader Horn, Inc.
Southfork Seabury Partners
Al Copeland Enterprises, Inc. (d/b/a Popeye's and Church's Fried Chicken)
Scott's secured lender/DIP lender and other significant creditor representations include:
Jefferies and Company in the DBSD North America Chapter 11 case
Funds affiliated with Carlyle Group, Audax Group and Partners Group in the Taylor-Wharton Chapter 11 case
Gordon Brothers Retail Partners in the Bombay Stores Chapter 11 case
IBM Credit LLC in the Amherst Technologies Chapter 11 case
Bank of America Retail in the 2nd Swing Chapter 11 case
Summit Investment Management and affiliates in several matters including the Chapter 11 cases of Souper Salad Inc. and First Magnus Financial Corporation
Kaupthing Bank hf in the Chapter 11 case of Bonus Stores, Inc. and in out-of-court restructurings
Valtec Capital in the Boundless Corp. Chapter 11 case
Scott’s creditor committee representations include LogoAthletic, Inc., Consolidated Stainless, Inc, Wilton Foods, Inc. and Scoreboard, Inc.
Scott is active in numerous insolvency-related associations and a frequent lecturer on bankruptcy topics.