Bruce D. Buechler Partner

New Jersey
T 973.597.2308 | F 973.597.2309



Vice Chair, Bankruptcy, Financial Reorganization & Creditors' Rights Department

Bruce Buechler's tenacity in high-stakes bankruptcy forums has made him a coveted choice for clients seeking high-value results. A sophisticated understanding of the bankruptcy process and law combined with keen business acumen gives Bruce leverage in representing clients in bankruptcy, workouts and other forums. Acting as both business adviser and lawyer, Bruce proactively engages with clients to achieve solutions that are consistent with their business objectives.

Bruce represents business entities such as debtors and creditors' committees in Chapter 11 reorganizations, out-of-court workouts and other financial reorganizations, and he has been involved in numerous complex, high-profile matters. He regularly litigates commercial disputes in both federal and state courts and provides business consulting in that area.

Bruce has served as a member of the Township of West Orange Zoning Board of Adjustment since 1998 and served as the chairperson and vice-chair.

Representative Engagements

Served as lead counsel to the official committee of unsecured creditors in the Horsehead Holding Corp. Chapter 11 bankruptcy cases pending in Delaware. Horsehead is one of the country’s leading recyclers of zinc-based and nickel-based products and operates numerous large manufacturing facilities in the United States and Canada. Working with the debtors and the senior secured lenders, the committee negotiated a consensual plan of reorganization that provided for the secured creditors to exchange their debt for equity and provided for a distribution to unsecured creditors in the form of cash for trade creditors and equity or warrants for unsecured noteholders. An equity committee appointed by the bankruptcy court opposed confirmation. After a three day confirmation trial, during which trial the committee called several witnesses, the bankruptcy court confirmed the plan.
Served as lead counsel for the official committee of unsecured creditors in Draw Another Circle, LLC’s (also known as Hastings Entertainment) bankruptcy cases pending in Delaware. Hastings Entertainment was a leading multimedia entertainment and lifestyle retailer and operated a 123 store retail chain and an e-commerce website. Affiliated debtor, MovieStop, was a value retailer of new and used movies and operated through 39 retail locations. Debtor SP Images, Inc. was a full-service licensed distributor of sports and entertainment products and apparel. The debtors are currently liquidating their assets and the committee has commenced the process of negotiating a plan of liquidation with the debtors.
Served as lead counsel to the official committee of unsecured creditors in the Liberty Medical Chapter 11 bankruptcy cases pending in Delaware. Liberty was a leading mail order provider of diabetes testing supplies and other medical durable goods, and operated a large mail order pharmacy. Working with the debtors, Bruce’s efforts resulted in the sale of the debtor’s assets and confirmation of a plan of liquidation that resulted in a 100% distribution for unsecured creditors plus post-petition interest. The success led to top honors by the M&A Advisor Turnaround Awards as Restructuring of the Year 2014.
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Other Distinctions

  • Chambers USA: America's Leading Lawyers for Business (2009–2016) – Praised by sources as “smart, efficient, practical and very well prepared.”

  • The Best Lawyers in America (2013-2017)

  • Super Lawyers (2005–2016) – Recognized in the areas of bankruptcy and creditor/debtor rights.

  • M&A Advisor Turnaround Awards (2014) – The bankruptcy case of Liberty Medical, et al., was recognized as “Restructuring Deal of the Year ($100 million to $500 million)” and “Consumer Services Deal of the Year.” Honorees included Lowenstein Sandler, which was counsel for the official committee of unsecured creditors in this case, led was Bruce D. Buechler.

  • M&A Advisor Turnaround Awards (2014) – The bankruptcy restructuring team of Ashley Stewart Holdings, Inc., et al., was recognized as “Restructuring Deal of the Year ($10 million to $50 million)” and “Retail Manufacturing/Distribution Deal of the Year.” Honorees included Lowenstein Sandler, led by Kenneth A. Rosen and Bruce D. Buechler, which represented the pre- and post-petition secured lender and equity holder.

  • Equal Justice Award from Legal Services of New Jersey (2006)

Publications

Possible Violations of the Automatic Stay
CRF News, 4th Quarter 2015
Bruce Buechler
Does a Tenant’s Right of Possession Trump a Sale Under Section 363?
The Bankruptcy Strategist, September 2015
Bruce Buechler
Equitable Mootness May Be Alive And Well In 3rd Circ.
Law 360, August 25, 2015
Bruce Buechler
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Press Mentions

Bruce Buechler is quoted in Law360 regarding approval of the DIP financing in Horsehead Corp.’s Chapter 11 bankruptcy proceedings. Buechler represents the Official Committee of Unsecured Creditors. , Law360 , March 2, 2016
Bruce Buechler is quoted in the Daily Bankruptcy Review concerning a petition by the attorney for the holders of three Borders gift cards with the U.S. Supreme Court to recover the value for gift-card holders in the retail bankruptcy of Borders Group Inc. Buechler represents the Borders liquidation trust. , Daily Bankruptcy Review , July 2, 2015
Bruce Buechler comments in the Wall Street Journal regarding a petition by the attorney for the holders of three Borders gift cards with the U.S. Supreme Court to recover the value for gift-card holders in the retail bankruptcy of Borders Group Inc. Buechler, representing the Borders liquidation trust, called the petition “meritless.” , Wall Street Journal , June 28, 2015
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Related Areas

Bankruptcy, Financial Reorganization & Creditors’ Rights

Education


Benjamin N. Cardozo School of Law ( J.D. , 1987 ) , cum laude
Rutgers, The State University of New Jersey ( B.A. , 1982 ) , Economics

Bar Admissions


New York
New Jersey

Court Admissions


1987 , U.S. District Court, District of New Jersey
1989 , U.S. Court of Appeals, Third Circuit
1992 , U.S. Supreme Court
1993 , U.S. District Court, Southern District of New York
1993 , U.S. District Court, Eastern District of New York
2009 , U.S. Court of Appeals, Federal Circuit
2012 , U.S. Court of Appeals, Second Circuit

Affiliations


  • American Bar Association
  • New Jersey State Bar Association
  • New York State Bar Association
  • American Bankruptcy Institute
  • Lawyers Advisory Committee to the United States Bankruptcy Court for the District of New Jersey (2002-2006)
  • Essex County Bar Association, Chair, Debtor - Creditor Committee (1999 - 2001)
  • Bankruptcy Inn of Court, Master (1995-2006, previously the Executive Director and Vice President)
  • Member, Current Vice-Chair, Township of West Orange Zoning Board of Adjustment (1998-present)