An all-new edition of Bankruptcy Litigation, by Irell & Manella LLP partner Howard Steinberg, has just been published.

Considered the most comprehensive and detailed treatment of bankruptcy litigation, the new edition reflects the many changes made by the 2005 amendments to the U.S. Bankruptcy Code. The book is published by Thomson West.

Mr. Steinberg explained the current environment in bankruptcy: "The ability of a debtor to rely upon past relationships with lenders and vendor loyalty for support during the reorganization process is rare.  Absent an aggressive litigation strategy, in many cases unsecured creditors and equity holders generally realize little, if any, recovery."

For the second edition, Mr. Steinberg worked with a few co-authors, including Irell & Manella partner Roy Geiger, who contributed the chapter on fraudulent transfer litigation.

The 2007 Chambers USA Guide credited Mr. Steinberg’s long-lasting success to his “remarkable skill set” as well as his “creativity and bankruptcy litigation expertise.”  In his career he has represented the full spectrum of parties to bankruptcies, including debtors, creditors’ committees, trustees, and secured and unsecured creditors.

No other book offers such detailed coverage of bankruptcy litigation topics.  In keeping with Mr. Steinberg’s desire that the volumes remain “case intensive,” this book cites thousands of cases – majority and minority opinions, including those from his own experience – from substantive, procedural and tactical viewpoints. Mr. Steinberg said that some bankruptcy court decisions clarify the law while others obfuscate it, adding that “uncertainty has settlement value.”

Mr. Steinberg earned his JD in 1979 from Boston College Law School, where he was editor of the Uniform Commercial Code Reporter Digest. He graduated in 1976 with a BA, magna cum laude, from the University of Massachusetts, where he was a member of Phi Beta Kappa.

For more information about the Irell & Manella bankruptcy practice, click here.