Mark T. Power
Partner, Bankruptcy & Restructuring
- T 212.478.7350
- F 212.478.7400
email: mpower@hahnhessen.com
Mark has extensive experience in all aspects of financial restructuring and insolvency issues. He represents creditors' committees, debtors, noteholders, lenders and secured creditors in bankruptcy proceedings as well as acquirers of and investors in troubled, distressed and bankrupt companies. His practice also includes counseling management and creditors with respect to insolvency matters and crisis management. He has played a prominent role in large and small restructurings and bankruptcies throughout the United States. His broad-based, well-rounded practice and experience has enabled him to provide clients with unique and innovative solutions to highly complex and litigious matters.
Mark has recently represented creditors' committees in high profile bankruptcy proceedings including:
- Pillowtex Corp., one of the largest U.S. home textile manufacturers;
- Cone Mills Corp., the largest U.S. producer of denim-based products;
- American Classic Voyages Corp., the largest U.S.-flagship cruise company;
- Cablevision Electronics Investment, Inc. ("CEI"), operating under the brand name "The Wiz", a regionally-based chain of retail stores located throughout the New York, Connecticut and New Jersey area specializing in the sale of consumer electronic goods and related products; and
- Joan & David's, a chain of retail stores selling high-end women's and children's shoes and accessories.
He has also represented sellers and purchasers of debt and equity positions of troubled companies and acquirers of distressed businesses in such industries as telecommunications and integrated communications providers; e-commerce; internet and technology; manufacturing; marketing; retail chains and energy.
Mark has counseled lenders in post-petition financing transactions in such industries as retail, manufacturing, telecommunications, environmental remediation, restaurant chains and hospitality. And he has worked on behalf of creditors and other parties-in-interest in bankruptcy reorganization and liquidation proceedings including the handling of DIP financing or cash collateral motions, relief from the automatic stay and adequate protection matters, the assumption or rejection of unexpired leases or executory contracts, valuation hearings, plan formulation and drafting, and confirmation hearings. Mark also represents plaintiffs or defendants in a variety of adversary proceedings regarding lien and priority issues, preferences, equitable subordination, fraudulent conveyances and/or inter-creditor disputes.
Mark lectures frequently on current restructuring and bankruptcy issues. He also contributes to various publications and seminar materials on a variety of restructuring and bankruptcy topics. He is admitted to practice before the United States Courts of Appeal for the Second and Third Circuits.
