Jeffrey D. Prol

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Jeffrey provides strategic guidance and cutting-edge solutions to clients in crisis. He brings over 30 years of experience to his work in matters involving debtor/creditor rights, including complex business transactions and litigation, corporate restructuring, business consulting, out-of-court workouts, and foreclosures. His practice encompasses the representation of unsecured creditor committees, debtors, secured creditors, and other parties, including landlords, lessors, guarantors, and equity holders in high-profile cases under all chapters of the U.S. Bankruptcy Code.

Jeffrey has broad experience representing unsecured creditor committees in numerous industries with a particular focus on chemicals, foods, metals, paper, and mass torts. His recent committee engagements include Southeastern Metals, NORPAC Foods, Fibrant LLC, and Yueting Jia. With significant experience in mass tort-related matters, Jeffrey represents companies with asbestos liabilities in Chapter 11 bankruptcy cases and out-of-court workouts and has served as counsel to the Official Committees of Asbestos Claimants in the Chapter 11 bankruptcies of GI Holdings Inc., f/k/a GAF Corp., Burns & Roe Enterprises, and The Muralo Company.

Most recently, in the Diocese of Camden, New Jersey case, Jeffrey represented the Official Committee of Tort Claimant Creditors in negotiating a settlement on behalf of more than 300 survivors of childhood sexual abuse, where the Diocese agreed to pay $87.5 million in cash—the largest cash payment by any Catholic diocese in bankruptcy to date—and assign its insurance rights to a trust for the benefit of survivors.

Jeffrey also speaks frequently on bankruptcy issues at various conferences and credit group meetings.