Cole Schotz Bankruptcy Co-Head Michael Sirota Named New Jersey Law Journal Trailblazer

Cole Schotz P.C. announces today that Michael Sirota, co-managing shareholder of the firm and co-chair of its national Bankruptcy & Corporate Restructuring Department, has been named a 2020 New Jersey Trailblazer by the New Jersey Law Journal, which recognized him as a “change agent,” innovator and thought leader.

Mr. Sirota was recognized for his groundbreaking work as debtor’s counsel representing Modell’s Sporting Goods in its Chapter 11 proceedings as COVID-19 erupted across the United States. Mr. Sirota and his team turned to the rarely used Section 305(a) of the Bankruptcy Code to suspend the bankruptcy hearings for their client for the duration of the mandatory store closures. His use of 305(a) resulted in several other judges also embracing the concept of pausing bankruptcy proceedings during the pandemic.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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