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Damian S. Schaible

Lawyers
Co-head of Restructuring. Represents all types of parties in prepackaged and traditional bankruptcies, out-of-court workouts and other transactions.

Damian is co-head of our Restructuring practice, with extensive experience in a wide range of corporate restructurings and bankruptcies. He represents debtors, creditors, banks, hedge funds, asset purchasers and other strategic parties in connection with prepackaged and traditional bankruptcies, out-of-court workouts, DIP and exit financings, bankruptcy litigation, section 363 sales and liability management transactions.

Damian has served on the Executive Committee of the Board of Directors of the American Bankruptcy Institute and on the Executive Committee of the New York City Bar Association as its Treasurer.

He was twice named an “Outstanding Restructuring Lawyer” by Turnarounds & Workouts, most recently in 2020, and was named an “Energy MVP of the Year” by Law360 for 2017.

Experience highlights

Counsel to:

  • A leading financial institution in connection with the chapter 11 cases of Stearns Holdings, LLC and its affiliates
  • Ad hoc group of lenders in connection with the chapter 11 restructuring of Fusion Connect, Inc. and its affiliates
  • Ad hoc group of secured noteholders in connection with the chapter 11 restructuring of Bristow Group Inc.
  • Ad hoc group of secured noteholders in connection with the chapter 11 cases of Cloud Peak Energy Inc. and its affiliates
  • Ad hoc group of lenders in connection with the chapter 11 restructuring of CTI Foods and its affiliates
  • Ad hoc group of Ultra Petroleum Corp. noteholders in connection with a private notes exchange
  • Ad hoc group of GenOn Energy Inc. noteholders in connection with GenOn’s chapter 11 restructuring and M&A process
  • Ad hoc group of TLB lenders and DIP lenders in the chapter 11 cases of Philadelphia Energy and its affiliates
  • Ad hoc group of Term Lenders and DIP lenders in the chapter 11 cases of the Expro Group
  • Ad hoc group of lenders in connection with the chapter 11 restructuring of Fieldwood Energy and its affiliates
  • The loan agent, working with a steering committee of lenders, in connection with the chapter 11 restructuring of JG Wentworth
  • The loan agent, working with a steering committee of lenders, in connection with a restructuring of Harvey Gulf International Marine
  • Citibank as administrative agent for Peabody’s prepetition first-lien credit agreement and DIP credit facility in connection with Peabody’s chapter 11 restructuring
  • Citibank as administrative agent for Avaya’s prepetition credit facility and $725 million DIP credit facility in connection with Avaya’s chapter 11 restructuring
  • The secured lender steering committee in connection with C&J Energy’s $1.75 billion restructuring and its DIP credit facility
  • An ad-hoc group of noteholders and the plan sponsors in connection with Tervita Corporation’s plan of arrangement and chapter 15 restructuring
  • The administrative agent for Pacific Exploration & Production Corp.’s $1 billion revolver in connection with Pacific’s restructuring, which included a Canadian Companies' Creditors Arrangement Act (CCAA) case and a Chapter 15 case
View all experience

Insights

Credentials

Recognition
Chambers USA – Bankruptcy/Restructuring, Band 1
Chambers Global – Bankruptcy/Restructuring
IFLR1000 – Restructuring and Insolvency, US, Highly Regarded
Who’s Who Legal – Restructuring & Insolvency, Thought Leader and Global Leader
Law360 – “Energy MVP of the Year,” 2017
Law360 – “Rising Star,” 2014
Turnarounds & Workouts – “Outstanding Restructuring Lawyer,” 2015 and 2020
New York Law Journal – “Rising Star,” 2013
Education
J.D., New York University School of Law
  • Order of the Coif
  • magna cum laude
  • Notes Editor, New York University Law Review
B.A., Political Science, College of the Holy Cross
  • Phi Beta Kappa
  • magna cum laude
Clerkships
Law Clerk, Hon. Danny J. Boggs, U.S. Court of Appeals, Sixth Circuit, 2001-2002
Professional history
  • Partner, 2009-present
  • Associate, 2002-2009
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