Mr. Ackerman is an attorney with 35 years’ experience, focusing on Bankruptcy Law, Debt Restructuring & Workouts, & Litigation, with a 5.0 “AV® Preeminent Peer Review Rating” in the Martindale-Hubbell Law Directory. Mr. Ackerman has successfully represented numerous public corporations and other corporate debtors in Chapter 11 Bankruptcy reorganizations, as well as Creditors’ Committees, Investor’s Committees, and Bondholders’ Committees in Chapter 11 Bankruptcy cases; bankruptcy trustees in numerous Chapters 7 and 11 cases; individual debtors in Chapters 7, 11 and 13 cases; defendants in preference, fraudulent conveyance, and other bankruptcy litigation; and banks, municipalities, insurance premium finance companies, the State Insurance Fund, and other secured and unsecured creditors and lessors in Chapters 7, 11, and 13 Bankruptcy cases. Mr. Ackerman has also successfully represented banks and other secured creditors, and landlords, as well as debtors, in commercial workouts, and unsecured creditors as well as debtors in compositions; and Mr. Ackerman has extensive experience in state law matters including foreclosures, individual and portfolio real property sales and purchases, replevins, collection actions, malpractice actions, and breach of fiduciary duty actions under ERISA, the Internal Revenue Code and other applicable state and federal law.
Mr. Ackerman was the Law Clerk for the Hon. Cecelia Goetz, U.S. Bankr. Judge in 1982; and a member of the Panel of Trustees of the United States Bankruptcy Court for the Eastern District of New York between 1993 and 2012.
Mr. Ackerman was also the editor of “Bankruptcy for Bankers” of the Banking Law Journal between 1999-2000; has authored 11 articles that were published in the Banking Law Journal, the New York Law Journal, and the Long Island Business News; and lectured at many legal seminars on Bankruptcy and Real Estate issues to Attorneys and Trade Associations.
Mr. Ackerman has been interviewed on television (CNBC and News 12-Long Island), and quoted in Inc. Magazine, and in articles published in New York Newsday.
- New York, 1982
- U.S. District Court Eastern District of New York, 1982
- U.S. District Court Southern District of New York, 1982
- American University, Washington College of Law, Washington, District of Columbia – 1981
- Honors: With Honors
- Law Review: American University Law Review, 1980 – 1981
- State University of New York at Binghamton, Binghamton, New York
- B.A. magna cum laude – 1977
- Honors: 3.5 G.P.A.
- Major: Philosophy
- Major: Political Science
- “Inquiries Are Key To Buyer and Lenders after ‘Nominal Or No Consideration’ Transfers”, New York Law Journal, February 13, 2002, page 4
- “Second Circuit Joins in Securities Fraud Debate”, New York Law Journal, September 8, 2000, page 1, reprinted in RICO Law Reporter, volume 32, number 4, October 2000, page 378
- Bankruptcy for Bankers: “Although Courts Often State That Creditors’ Liens Pass Through Debtors’ Bankruptcy Cases Unaffected, Secured Creditors That Fail to File Claims Against Chapter 11 , Banking Law Journal, April-May 1999
- Bankruptcy for Bankers: “Courts Generally are Reluctant to Bar Creditors From Taking Action Against Non-Debtors, Although Some Cases May Warrant Section 105(a) Injunctions of Such Actions”, Banking Law Journal, February 1999
- Bankruptcy for Bankers: “Prejudgment Relief: Attachment of a Debtor’s Assets and Orders Barring a Debtor from Transferring its Property Can Protect Bank Seeking To Collect a Debt”, Banking Law Journal, December 1998
- “Beyond the Veil: Concealed Assets, Creditors Seek to Enforce Claims”, New York Law Journal, September 29, 1997, page 8, col. 6
- Debtor Discharges and Reversed Fraudulent Conveyances”, New York Law Journal, May 16, 1997, page 1
- U.S. Supreme Court Settles Two Chapter 13 Bankruptcy Issues”, New York Law Journal, July 16, 1993, page 1
- “Single Asset Real Estate Chapter 11 Bankruptcies”, Long Island Business News, May 24, 1993
- “Stripdowns of Home Mortgages in Chapter 13 Bankruptcies”, Long Island Business News, April 12, 1993
- “Returning Payments from Debtors”, Long Island Business News, January 18, 1993
- “Considering the Two-Tier Model of the Fourth Amendment”, 31 American University Law, (Fall 1981)
- Interviewed on CNBC (6/94) and News 12-Long Island (3/94)
- Interviewed by, and quoted in, article published in 1994 in Inc. Magazine on Bankruptcy and
- In re Gusam Restaurant Corp. v. (2nd Circuit 1984)
- the RTC
- the FDIC
- Dime Savings Bank
- Imperial Premium Finance, Inc.
- Banco Popular
- Bank Leumi
- Volvo Car Finance, Inc.
- Transtate Insurance Company
- Eastern Wholesale Fence Co.
- J.E. Robert Co.
- Suffolk County
- State of New York (as bankruptcy counsel for Law Firm which represented this County)
- Utica National Insurance Company (as bankruptcy counsel for Law Firm which represented this company)
- China Products
- NA, Inc.
- AEP Industries, Inc.
- The Edelman Group, Ltd.
- PSCH, Inc.
- Tommy Hilfiger companies (as bankruptcy counsel for Law Firm which represented this company)
- Official Committee of Investors in Chapter 11 Bankruptcy case of Group Trust No. 47, which was in charge of administering and liquidating pension plan trust, and ensuring that the almost-600 investors/participants did not lose their tax exemptions retroactively, together with possible penalties and interest, due to voluminous past violations by trustee of the Internal Revenue Code and ERISA, while suing and obtaining judgments and recoveries from former trustee of this pension plan trust (and principals of trustee), and prior accountants and attorneys for the trust, as well as marketing and selling third and fourth mortgages on real properties, which were primary assets of the trust, etc.
- Lecturer at legal seminars on Bankruptcy and Real Estate issues to attorneys, trade Associations, high school and college students, and the general public, at which outlines were prepared and distributed to attendees, including: (as set forth above) October 29, 2004: Eastern District of New York Meeting of Chapter 7 Panel Trustees to EDNY chapter 7 trustees and United States Trustee: “Chapter 7 Trustees on Ethical Dilemmas: Stepping over the Ethical Line, (a) Dealing with Aggressive Debtors/Creditors and (b) Dealing with Attorneys/Professionals who assist clients in transferring non-exempt assets”; August 1993, National Business Institute: “How to Protect Secured Interests in Bankruptcy in New York”; April 1992, National Business Institute: “Advanced Real Estate Law in New York: Lien and Credit Issues (Both Inside and Outside of Bankruptcy)”; November 1990, Nassau Academy of Law: “Hands-on Workshop in Bankruptcy Law for Attorneys”; March 1985, Nassau and Suffolk Academies of Law: “Changes under Title III of the Bankruptcy Amendments and Federal Judgeship Act of 1984”; June 1983, Suffolk Academy of Law: 2 different lectures, on “Bankruptcy Jurisdiction Revisited: The Marathon Case” and “The New Bankruptcy Rules”, 1982 – Present
- Television Appearances, Bankruptcy Law and other legal issues, CNBC and News 12-Long Island, 1994
Professional Associations and Memberships
- American Bankruptcy Institute, Member, 1986 – Present
- New York Bar Association, Member, 1986 – Present
- United States Bankruptcy Court, Eastern District of New York, Member, Panel of Trustees, 1993 – 2012
Past Employment Positions
- Rivkin, Radler & Kremer, Partner, 1992 – 1994
- United States Bankruptcy Court, Eastern District of New York, Law Clerk for Hon. Cecelia H. Goetz, 1982