Rachel Ehrlich Albanese

Partner

Co-Chair, US Restructuring Practice

Rachel is a leader in the industry and an excellent adviser to her clients.

Chambers USA

Emailrachel.albanese@us.dlapiper.com

Call+1 212 335 4775

New York

About

Rachel Albanese is Co-Chair of the US Restructuring practice and a partner in the New York office. She has more than 20 years' experience representing debtors, secured and unsecured creditors, equity holders, purchasers of distressed assets, and other parties in interest in a wide range of restructuring matters, including cases under chapter 11 of the US Bankruptcy Code, out-of-court workouts, and cross-border insolvency proceedings.

Rachel is a nationally recognized restructuring lawyer and advisor. She is individually ranked in Chambers and the recipient of numerous industry awards and recognitions, including National Law Journal's Crisis Trailblazer, Crain's New York Notable Women in Law, Debtwire's Women to Watch, and M&A Advisor's Top Woman Dealmaker, among others.

Rachel currently serves as a member of the firm's Policy Committee. She previously served as Co-Hiring Partner of the New York office.

Areas of FocusRestructuring Finance

Bar admissionsNew YorkNew Jersey

CourtsSupreme Court of the United StatesUnited States District Court District of New JerseyUnited States District Court for the Southern District of New YorkUnited States District Court for the Eastern District of New YorkUnited States Court of Appeals for the Third CircuitUnited States Court of Appeals for the Second Circuit

She has the unique ability to explain the details in relation to novel areas of bankruptcy law, but also get to the punchline of the impact on us. She is very prescient in identifying risks and she is incredibly thoughtful. She is a powerhouse.

Chambers USA

EXPERIENCE

Notable Representations

A large renewable energy company in connection with contingency planning and restructuring strategy
Valeritas Holdings, Inc., a medical device company, in its chapter 11 case in Delaware, the first bankruptcy case in the country to attribute COVID-19 as one of the factors leading to the filing
Art Supply Enterprises, Inc. (d/b/a MacPherson's Art Supply), in connection with several restructuring transactions, including a private Uniform Commercial Code (UCC) sale, strict foreclosure, and bankruptcy
A significant LatAm financial services company in restructuring its operations and balance sheet
NextPoint Financial Inc. and its subsidiaries Liberty Tax and Community Tax as debtors in Companies' Creditors Arrangement Act (CCAA) proceedings and foreign representative in chapter 15 cases
LUMA Energy in connection with Puerto Rico Electric Power Authority's (PREPA) Title III case
Nations Capital, LLC and Ritchie Bros. as agent in the largest liquidation of rolling stock in US history in connection with the Yellow Corp. bankruptcy, among others
Zinzino AB, as debtor in possession (DIP) lender and acquirer of substantially all assets of Zurvita Inc. in chapter 11
Teal Jones and its subsidiaries as debtors in CCAA proceedings and foreign representative in Chapter 15 cases
Corbel Capital in connection with certain investments
A charitable organization in clawback litigation filed by FTX
Founders/DIP lenders of SmileDirectClub in its bankruptcy proceedings
Meritz Alternative Investment Management, one of the largest creditors in the PWM chapter 11 case
Transform Holdco in its dispute with the Mall of America arising out of the Sears chapter 11 case
Committee of Independent Directors of Covia Holdings Corp. and special counsel to Covia in Covia's chapter 11 cases
Mirae Asset Wealth Management and Mirae Asset Securities & Investments as creditor in several bankruptcy cases
The administrative agent in the chapter 11 case of MD America
Spyglass Media Group, LLC (f/k/a Lantern Entertainment LLC) in the Weinstein Company chapter 11 case
Large creditors in the chapter 11 cases of LATAM Airlines, Intelsat, and Sungard A.S.
Advantage Capital, in connection with Uniform Commercial Code (UCC) sale of Farmhouse Culture, Inc.
A leading Mexican engineering, procurement, and construction (EPC) company in its out of court restructuring
Authentic Brands Group as stalking horse purchaser in In re Nine West Holdings, Inc.
Wheatsheaf Group US, Inc. in the Washington state receivership of TriStrata Group
Several foreign banks in the Fairfield Sentry chapter 15 litigation
Amain.com, Inc., as buyer of certain assets in the Advanced Sports Enterprise chapter 11 case
Ad hoc groups of noteholders in some of the largest chapter 11 cases filed in the US
Walmart as creditor in connection with certain energy investments
The official committees of unsecured creditors in In re Chassix Holdings, Inc. and In re SandRidge Energy, Inc.
Houlihan Lokey in In re Relativity Media, LLC
UMB Bank, N.A. in In re Residential Capital, LLC
The debtors in In re Metro Affiliates, Inc., In re Recycled Paper Greetings, Inc., and In re Loral Space & Communications Ltd.
The Joint Official Liquidators of Trikona Advisers Limited and Security Capital Ltd. in US proceedings

Awards

Chambers USA

Band 3, New York Bankruptcy/Restructuring, (2025)
Band 4, New York Bankruptcy/Restructuring, (2021 – 2024)

The Legal 500 United States

Recommended, Restructuring (including Bankruptcy): Corporate, (2024 – 2025)

Additional Recognitions

Recognized as Lawdragon's 500 Leading Global Bankruptcy and Restructuring Lawyers, (2025)
Named, Women to Watch, Debtwire, (2024)
Global M&A Network

Named, Top Woman Dealmaker, (2023)
Selected, Winning Deal Team – Cross-border Turnaround Deal of the Year, (2021)

Recognized, Notable Woman in Law, Crain's New York Business, (2022)
Selected, Winning Deal Team – Turnaround/Transaction of the Year – Small Company, Turnaround Management Association, (2021)
Honoree, "Evening on the Lake," Citizens Committee for New York City, (2021)
Recognized, North American Pro Bono Awards, AKD Partners, (2020)
Recipient, 14th Annual Women in Achievement Award, The New York Institute of Credit (NYIC) Women's Division
Recognized, Crisis Leadership Trailblazers, National Law Journal, (2020)
Recognized, 500 Leading U.S. Bankruptcy and Restructuring Lawyers, Lawdragon, (2020, 2022–2024)
Appointed, Bankruptcy Editorial Advisory Board, Law360, (2015 and 2016 terms)
Selected, Winning Deal Team – Professional Services Sector Turnaround Awards, The M&A Advisor, (2011)
Recipient, BNA Insights Award, New Life for the Failed Retailer, BNA's Bankruptcy Law Reporter, (2010)
Noted, Pro Bono, The Wall Street Journal
Noted, Pro Bono, New York Law Journal
Noted, Pro Bono, National Law Journal
Noted, Pro Bono, NY1
Recognized, Empire State Counsel, Pro Bono, New York State Bar Association

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Pro Bono

NY Advisory Board Member, Kids in Need of Defense (KIND)
Unchained At Last
ABI Task Force on Veterans & Servicemembers Affairs
AKD Partners Americas Pro Bono Committee
NY Pro Bono Partner, AKD Partners NY Pro Bono Committee

Education

J.D., University of Pennsylvania
Editor-in-Chief, Journal of International Economic Law

B.A., University of Pennsylvania
cum laude

Publications

Seminars

Media Mentions

Prior Experience

After law school, where she served as Editor-in-Chief of Penn Law's Journal of International Economic Law, Rachel clerked for Honorable John W. Bissell, Chief Judge, United States District Court for the District of New Jersey.

Memberships And Affiliations