An alumnus of the American University, Washington College of Law, Norman Kinel has pursued a distinguished career in bankruptcy law spanning more than three decades. Over the years, Norman Kinel has worked on many major bankruptcy cases, including the Lehman Brothers case, where he represented individual clients and was also later selected to serve as a court-approved mediator.The largest bankruptcy case in American history, the 2008 collapse of Lehman Brothers sent shockwaves through the financial markets and helped to precipitate a global financial crisis that devastated world economies and led to substantial regulatory and market reforms. This collapse was due in part to Lehman Brothers’ rapid acquisition of mortgage lenders in previous years and a reliance on subprime mortgage securities, which left the financial giant exposed to the housing collapse that began in earnest in 2007.Now, 10 years after Lehman Brothers filed for bankruptcy, the trustee in charge of the proceedings has stated that the case is winding down. According to a court filing by James Giddens, only a few hundred of the more than 140,000 initial claims against Lehman Brothers remain open. According to the filing, secured creditors were repaid in full, while unsecured creditors received nearly 40 cents on the dollar for their claims.
A respected bankruptcy attorney at Squire Patton Boggs, Norman Kinel draws on more than three decades of experience in handling complex bankruptcy litigation and corporate restructuring in his practice based in New York City. Also active in the larger field, Norman Kinel belongs to professional groups such as the Turnaround Management Association (TMA).Founded in 1988 by a group of leading turnaround practitioners, TMA has grown into a global organization of turnaround professionals with more than 8,000 members in more than 50 countries. The organization serves its members through continuing education opportunities, research publications, and an industry-standard certification program. Additionally, TMA hosts a range of networking and professional development events each year, including the Distressed Investing Conference.For the past 13 years, TMA has brought together the country’s top corporate restructuring and distressed investing professionals for several days of panels, keynote speeches, and networking opportunities. The 2019 conference will take place at the Encore at The Wynn in Las Vegas from February 6- 8. An annual event for distressed investing and corporate restructuring professionals, the conference has previously offered access to more than $5 billion in capital from deal partners such as Balmoral Funds, Excelsior Capital Partners, and Monroe Capital LLC.Michael Psaros of KPS Capital Partners will be the keynote speaker for the conference's closing event, which will be moderated by Keith Maib of Mackinac Partners LLC and Scott Victor of SSG Capital Advisors LLC. To learn more about the conference, please visit distressed.turnaround.org.
