University of Pennsylvania Law School, J.D., cum laude, 1991

Yeshiva University, B.A.,1988


New York


American Bankruptcy Institute

Turnaround Management Association

Yeshiva University's General Counsel's Council (2008–Present)

Michael Friedman is a partner and the Co-Practice Group Leader of Chapman's Bankruptcy and Restructuring Group. He joined the firm in 2013.

Michael focuses his practice on bankruptcy and restructuring transactions, and has represented hedge funds, investment banks, and financial institutions in connection with event driven investment, financing and acquisition transactions. Michael’s broad experience in the areas of bankruptcy, restructuring and finance allows him to help clients structure transactions in a manner that will allow them to achieve their business objectives in the most efficient and cost effective manner.

Michael represents investors in distressed acquisitions, purchases of assets in chapter 11 proceedings or “363 sales,” debtor-in-possession financings, rescue or bridge financings and chapter 11 exit financings. He represents secured and unsecured creditors in all aspects of complex chapter 11 bankruptcy reorganizations and out-of-court restructuring transactions. Michael also provides real-time focused legal analysis and advice to investors contemplating investments in distressed opportunities.

Representative Transactions

Michael's prior experience includes the representation of clients in the following matters:

  • Represented Ad Hoc bondholder group in connection with a Chapter 15 bankruptcy petition commenced by a Canadian Trust with energy and petroleum assets in the United States.
  • Represented private equity fund in connection with $45 million purchase of equity interests in gaming company.
  • Represented purchaser in the acquisition from an insolvent Israeli public company pursuant to a court-supervised process of a minority equity interest in owner/operator of gas stations and convenience stores across the east coast of the United States. Worked with local Israeli counsel and assisted in negotiations with the insolvent company and its bondholders, and successfully negotiated a settlement of litigation between insolvent company and majority shareholder.
  • Represented purchaser in connection with the acquisition of substantially all of the assets of a Midwest casino and horse racing track in a Section 363 sale. The transaction included credit facilities in the amount of $655 million, the proceeds of which were used to acquire the assets of the company and refinance certain existing loans.
  • Represented debtor in connection with their filing for bankruptcy protection and the sale of substantially all of their assets pursuant to a Section 363 sale and the successful confirmation of a plan of reorganization approximately four months following the filing.
  • Represented resort and spa company in connection with the restructuring of its first lien and mezzanine debt and the recapitalization of the company.
  • Represented ad hoc groups of bondholders in connection with restructurings of bonds and convertible notes.
  • Represented group of institutions and funds that were counterparties to open confirmations for the purchase and sale of bank loans from or to Lehman in connection with the Lehman bankruptcy proceeding.
  • Represented private funds in multiple purchases of assets pursuant to section 363 sale process.
  • Represented lead investor in connection with the purchase of senior secured loans and origination of DIP Loan to energy producer in chapter 11 proceedings and the subsequent acquisition of substantially all of the assets of the company.
  • Represented lead investor in acquisition of majority equity stake in heating oil delivery company through the conversion of its debt to equity in chapter 11 reorganization.
  • Represented private fund in connection with the acquisition through a 363 sale process, of an Italian subsidiary of U.S. company specializing in medium and high voltage drives and controls.
  • Represented private fund in the consensual foreclosure of senior secured loans to company with U.S. and foreign subsidiaries resulting in the ownership of substantially all of the assets of the company.
  • Represented institutional investor in connection with $75 million lease rejection claims against automotive parts manufacturer in chapter 11 proceedings.



  • Panelist, "Fiduciary Duty," 2017 TMA Western Regional Conference. July 26 – 28, 2017.
  • Guest Lecturer, Yeshiva University's Sy Syms School of Business. April 24, 2017.
  • Panelist, "Investing in U.S. Institutional Corporate Loans," 2017 Tel Aviv Institutional Investment Conference. March 8, 2017.
  • Moderator, "Valuation Case Study," American Bankruptcy Institute's VALCON 2017. March 1 – 3, 2017.
  • Panelist, "An Interactive Negotiation of a Distressed Company Restructuring," 6th Annual Bank & Financial Institutions Special Assets Forum on Real Estate, C&I and SBA Loans. September 15 – 16, 2016.
  • Moderator, "An Interactive Negotiation of a Distressed Company Restructuring," American Bankruptcy Institute's VALCON 2016. March 14 – 16, 2016.
  • Panelist, "An Interactive Negotiation of a Distressed Company Restructuring," American Bankruptcy Institute's VALCON 2015. February 25 – 27, 2015.
  • Panel Co-Moderator, "Can We Work This Out?," ACIC Spring Conference. April 25, 2014.
  • Guest Lecturer, University of Virginia McIntire School of Commerce
  • Guest Lecturer, Duke University, the Fuqua School of Business
  • "Distressed Lending and Strategic Investment - A Cautionary Tale" seminar
  •  "From Creditor to Equity Holder: How to Make Your Post-Reorganization Equity Work Harder for You"
  • “Analysis of Claims against BP arising from Gulf of Mexico Disaster" hosted by the Susquehanna Financial Group
  • “Bankruptcy’s Next Wave: A Look at the Financial Crisis One Year Later” presented at the American Bankruptcy Institute Annual Winter Leadership Conference
  • "Bankruptcy’s New Wave – Preparing for the Perfect Storm: Which Sectors Will Take a Direct Hit?" presented at the American Bankruptcy Institute Annual Winter Leadership Conference
  • "The Impact of an Abundance of Capital and Alternative Equity Sources on the Disappearance of the Borrower Default: Will the Party Last Forever?"