Louis T. DeLucia leads Schiff Hardin’s national restructuring practice, focused on providing clients facing distressed situations with creative, strategic and cost-effective solutions that both minimize risk and maximize areas of potential opportunity and recovery. Chambers USA reported that “Louis DeLucia offers clients experience in all areas of insolvency, corporate debt restructuring and bankruptcy litigation. His ability to isolate key issues in a case is highlighted by clients as a major asset of his practice.”
Louis has successfully represented a diverse group of clients that include leading financial institutions; agents for bank syndicates; DIP lenders; indenture trustees; unsecured creditors’ committees; equity committees; asset purchasers; lenders to franchisors and franchisees; hedge funds; private equity funds; bondholders; governmental entities; corporations and shareholders; trustees, receivers and assignees; and debtors and creditors.
“Louis DeLucia has earned a commendable recognition of his hard work in representing lenders, distressed borrowers and creditors’ committees. Such a broad practice has led to his involvement in cases across the country,” wrote Chambers USA. His representation encompasses a wide range of issues, including complex Chapter 11 cases; bankruptcy and creditors’ rights related litigation in state and federal courts; liquidation proceedings; cross-border insolvency proceedings; non-judicial loan restructuring, workouts and other alternatives to the bankruptcy process; and state court asset recoveries and foreclosures.
Louis has handled major bankruptcy cases across the country, including New York, New Jersey, Nevada, Pennsylvania, Delaware, Texas, Illinois, Florida, Connecticut, Kentucky, Virginia, Vermont, California and other jurisdictions.
Louis’s substantial experience in securities fraud enforcement actions, receiverships and state insolvency proceedings led to his court appointment as receiver in one of the largest securities fraud cases brought by the Bureau of Securities of the State of New Jersey, and as counsel in Delaware to the Chapter 11 trustee of four corporate debtors involved in a complex multi-jurisdictional securities fraud scheme. Louis regularly represents securities fraud receivers in similar cases commenced by state regulators.
A nationally recognized thought leader, Louis lectures often on bankruptcy and related insolvency matters. He has published articles in leading bankruptcy and banking publications, and is a contributing editor to Banking and Lending Institution Forms on Loan Workouts and is an active member of the American Bankruptcy Institute (ABI), the Turnaround Management Association (TMA), State Bar Associations and related professional organizations.
He is repeatedly recognized in New York Super Lawyers for bankruptcy.
Louis served as Deputy Attorney General of the State of New Jersey, representing various state agencies in bankruptcy related matters including preference litigation, nondischargeability proceedings and related matters.