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JORDAN A. KROOP is a partner in the Reorganization and Restructuring Group of Squire, Sanders & Dempsey L.L.P in Phoenix. He represents corporate debtors, official committees, and significant creditors including secured lenders, commercial lessors, and financial institutions, in some of the largest Chapter 11 cases in the nation. Mr. Kroop has served as counsel for debtors and creditor committees in restructurings in several industries, including manufacturing, retail, high-tech, hospitality, health care, gaming, and non-profit. He also handles disputes concerning corporate and real property taxation, asset-based financing, consumer protection laws, and partnership liability. Mr. Kroop has appeared before federal and state courts throughout the nation and has accumulated substantial courtroom experience in evidentiary hearings, motion practice, and appellate proceedings. He has also represented client interests in arbitration and mediation proceedings, receiverships, and foreclosures. The national restructuring publication Turnarounds & Workouts named Mr. Kroop as one of twelve Outstanding Young Bankruptcy Lawyers in the nation. He is the co-author of Bankruptcy Litigation & Practice: A Practitioner’s Guide (3rd ed. Aspen 2000), The Executive Guide To Corporate Bankruptcy (Beard Books 2001), is a contributor to the 2001 Bankruptcy Law Update (Aspen 2001) and the 2002 Bankruptcy Law Update (Aspen 2002), and has authored or co-authored many articles on bankruptcy and business law topics in several national publications, including most recently, "Revisiting Retentions For Professional Preferences," ABI Journal (December 2002/January 2003), "Putting the Brakes on Federal Court Jurisdiction," ABI Journal (June 2002), "A Ponzi Scheme and a ‘Pointless Technicality,’" ABI Journal (March 2002), and "Item! Debbie Reynolds To Play Fox, Guard Hen House," ABI Journal (October 2001).

In addition to lecturing on business law topics at Arizona State University, Mr. Kroop has spoken at, and prepared materials for, numerous national and regional seminars and symposia on bankruptcy and restructuring issues. He is a member of the Editorial Advisory Board of the American Bankruptcy Institute and the Bankruptcy Section of the State Bar of Arizona. Mr. Kroop is a graduate, magna cum laude, of Brown University and the University of Virginia School of Law. Mr. Kroop is admitted to practice in Arizona, New York, the United States Supreme Court, the United States Court of Appeals for the Ninth Circuit, and the United States District Court for the District of Arizona and the Eastern and Southern Districts of New York.


Thomas J. Salerno, Esq. is a partner in, and co-chair of, the Reorganization and Restructuring Group in the Phoenix office of the international law firm of Squire, Sanders & Dempsey, and Chair of the International Insolvency Practice Group. Mr. Salerno graduated from Rutgers University (B.A., summa cum laude) and Notre Dame Law School (J.D., cum laude), where he served as an editor of the Notre Dame Law Review. Throughout the last nineteen years Mr. Salerno has represented debtors, creditors committees, lenders and other parties in interest in complex Chapter 11 reorganizations involving public debt and equity securities throughout the United States, and has represented parties in insolvency proceedings in the Czech Republic, Switzerland, Germany and the United Kingdom.

Tom Salerno has authored numerous tomes about bankruptcy (Appellate Structure and Procedure Under the New Bankruptcy Rules, 1984; Bankruptcy Litigation and Practice: A Practitioner’s Guide, 2000; Bankruptcy Court Decisions, 1999; Pre-Bankruptcy Planning for the Commercial Reorganization: A Brief Guide for the CEO, CFO/COO, General Counsel and Tax Advisor 1997 (which won the ABI’s Publication Award in 1997); The Ins and Outs of Foreclosures, 1996; and as executive editor of Advanced Chapter 11 Bankruptcy Practice – 2nd Edition, 1997. He is also a contributor to Norton Bankruptcy Law & Practice, the Commercial Law Journal, Real Property, Trust and Probate Journal, Journal of Business Strategy, and Bankers Monthly.

Mr. Salerno is a member of the board of directors and the executive committee of the American Bankruptcy Institute and the American Bankruptcy Board of Certification, Inc., both based in Washington, D.C., and was co-chairman of the Subcommittee on Uniformity in Professional Fees in Bankruptcy of the ABI. He is member of the faculty for McGeorge School of Law’s International Law Program, where he teaches International Commercial Arbitration and Comparative International Insolvency in both London and Salzburg, and is a guest lecturer at Arizona State University of Law. Mr. Salerno has been included inThe Best Lawyers of America since 1992, and named as one of the twelve Outstanding Bankruptcy Lawyers by Turnarounds and Workouts (1998). He is also a frequent speaker on reorganization matters throughout the United States and Latin America.

 

A. Glossary Of Commonly Used Bankruptcy Terms
B. Hypothetical Reorganization Timeline
C. Sample Press Release
D. Sample Petition And Related Filing Documents
E. Sample "First Day Orders" (Unison Healthcare Corp.)
F. Sample Management Severance Agreement (Preconfirmation) (Unison HealthCare Corp.)
G. Sample "Chinese Wall" Agreement (Megafoods Stores, Inc.)
H. Sample Confidentiality Agreement (Unison HealthCare Corp.)
I. Sample Cash Collateral Agreement (The Rookery, LLC)
J. Sample DIP Financing Agreement (Boston Chicken, Inc.)
K. Sample Operating Report
L. Sample Bar Date Order (Unison HealthCare Corp.)
M. Sample "Solicitation Package" (Stuart Entertainment, Inc.)
N. Sample Plan And Disclosure Statement-Debt To Equity Conversion (Stuart Entertainment, Inc.)
O. Sample Plan ---Liquidation (Baptist Foundation of Arizona, Inc..)
P. Sample Plan-Sale To Third Party (America West Airlines, Inc.)
Q. DIP Facility Pricing Study (prepared by Houlihan, Lokey, Howard & Zukin - used with permission)
R. Summary Of Employee Incentive Plan (prepared by Houlihan, Lokey, Howard & Zukin - used with permission)

 

 

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