Fred B. Ringel
Phone: (212) 603-6301 Fax: (212) 956-2164
Fred B. Ringel is the Co-Chair of the Firm's Business Finance and Restructuring Department. He has been a partner of the firm since 1998.
Fred has achieved an "AV" rating from Martindale-Hubbell, which is the highest peer review rating awarded to attorneys. The rating signifies that Fred's peers assess him as having achieved the highest rating for professional ability and ethical standards in legal practice.
Fred has almost thirty (30) years of experience representing debtors, trustees, secured creditors, creditor's committees, landlord's, acquirers of assets, plan proponents and virtually all constituencies in complex chapter 11 cases throughout the United States. Recently, Fred completed a ten (10) day trial leading to the successful confirmation of three chapter 11 plans where title to several apartment buildings was contested by the former owners who alleged that several of the operative documents, including the deeds, were forged and that the properties were subject to a constructive trust. After trial, the Court issued a one hundred page decision finding for Fred's client on every material issue including awarding a six figure affirmative recovery on their counterclaim. Thereafter, Fred's litigation skills and strategic insights guided his client to the successful acquisition and sale of six apartment buildings after a three (3) day trial which resulted in the confirming a secured creditor's plan calling for the sale over the opposition of its former owner and an organized tenant group represented by a major New York City firm on a pro bono basis.
These trial victories came on the heels of Fred's confirming a plan for Pocmont Properties LLC, the operator of the Bushkill Inn and Conference Center,a chapter 11 case that the Bankruptcy Judge remarked was "virtually impossible to confirm" at the outset of the case. Fred was able to obtain the consent of the United States Small Business Administration to support the plan which led to the hotel's emergence from chapter 11. Fred also confirmed the Plan in West End Financial Advisors LLC, a difficult and complex chapter 11 case of 18 affiliated hedge funds which were involved a Ponzi scheme, and Sonix Medical Resources Inc., a group of diagnostic imaging centers in the New York-New Jersey Metropolitan area.
Fred has substantial experience counseling secured lenders as acquirers in chapter 11 and 7 cases. Among other things, he strategized and litigated the contested acquisition by his client, the holder of a $15 million dollar mortgage on a hotel located near Kennedy Airport, thereby avoiding years of litigation in contested state court foreclosure proceedings. Fred has also assisted clients in other, non-real estate bankruptcy acquisition strategies such as in the capter 11 case of Headlee Management, where, after the purchase of the first priority debt from a major hedge fund, Fred utilized the client's recently acquired secured position to engineer the acquisition of 11 KFC restaurants which had served as collateral for the loan.
Fred has broad experience representing landlords in many of the large national retail chapter 11 cases in the last three decades. Fred represented over thirty five (35) shopping center owners in the Kmart Corporation chapter 11 bankruptcy in Chicago and recently represented several bidders acquiring leases from A & P in its second chapter 11 case. Fred has also represented landlords in dozens of other national retail cases such as Circuit City, Deb Shops, Linens n' Things, Radio Shack, Brookstone and Coldwater Creek. Fred has broad experience representing unsecured creditors committees having recently concluded the successful reorganization of Daytop Village. He also represented the official unsecured creditor's committee in In re Federated Stores Inc. and the unsecured creditors committee in Best Metropolitan Towel & Linen, where creditors received payment in full on their claims. He has also defended adversary proceedings seeking to recover preferences and fraudulent conveyances and has experience representing investors in "Ponzi" scheme cases who have been sued by trustees seeking to "claw back" funds paid to them.
Areas of Practice:
State of New York
State of New Jersey
United States Court of Appeals for the Second and Seventh Circuits
United States District Court for the Southern, Northern and Eastern Districts of New York
United States District Court for the District of Massachusetts
United States District Court for the Eastern District of Michigan
Brooklyn Law School, Brooklyn, New York, J.D.
State University of New York at Buffalo, B.A.
Fred was formerly an Assistant Corporation Counsel with the City of New York before joining the firm in 1988.
Professional Activities and Publications
- Fred is a member of the Brooklyn Law School Zarestsky Roundtablewhich examines cutting edge bankruptcy issues annually. He also serves as a member of its steering committee.
- Judge at the 23rd and 24th annual Duberstein Bankruptcy Moot Court Competition,St. Johns University of Law.
- Member, American Bankruptcy Institute (ABI).
- Editor, ABI Volo Project.