Natasha Songonuga has extensive experience in business reorganization and restructuring matters, working across the full spectrum of chapter 11 cases, as well as counseling creditors in assignments for the benefit of creditors state court insolvency proceedings. She represents debtors; creditors, including global and national manufacturer environmental creditors who are so-called potentially responsible parties; chapter 11 and chapter 7 trustees appointed under the Bankruptcy Code; landlords; bidders at bankruptcy sales; and trustees appointed pursuant to the Securities Investor Protection Act. She was one of 20 attorneys selected to the 2013 Delaware Super Lawyers Rising Stars list, appearing in the Bankruptcy & Creditor/Debtor Rights category. In representing the chapter 11 trustee for DBSI, Inc. and its affiliates, which consist of a conglomerate of real estate entities with listed assets valued at over $2.65 billion at the time of their bankruptcy filing in November 2008, she was instrumental in the plan process, which resulted in the confirmation of a joint chapter 11 plan of liquidation.
Ms. Songonuga handles a wide range of other matters, including managing the claims objection and reconciliation process for thousands of claims; drafting, negotiating, and objecting to plans of reorganization and liquidation; section 363 sales; stay relief motions; and handling related litigation. She has also authored and co-authored many articles on bankruptcy-related subjects.
In addition to her bankruptcy practice, Ms. Songonuga handles matters locally for the firm’s products liability clients involved in asbestos litigation and has represented landlords in FDIC receiverships of banks arising from the recent subprime debacle.
The program will address recent developments with respect to PPP loans, including in Subchapter V bankruptcy cases, and risk of civil and criminal liability associated with PPP debt, which could become heightened with the filing of a bankruptcy petit...