Joseph C. Barsalona II

Associate

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(302) 477-7180 F

Joe focuses on in-court and out-of-court restructurings, distressed asset sales, and bankruptcy litigation.  His diverse bankruptcy practice includes representation of debtors, secured and unsecured creditors, distressed investors, independent directors, asset purchasers and other parties in interest in all phases of chapter 11 proceedings, related litigation and other insolvency-related matters.  Joe’s experience spans a wide variety of industries including entertainment, energy, retail, manufacturing, publishing, finance, transportation, and real estate.  He also concentrates on the preparation and issuance of substantive non-consolidation opinions.

In law school, Joe served as the chief managing editor of The Ohio State Journal on Dispute Resolution. He also participated in the Ruby R. Vale Interschool Moot Court Competition at Widener Law, in which his team finished second overall.  Joe received the CALI Award for Excellence in three courses, and he studied on scholarship at the Oxford University Law Programme at St. Anne’s College in the summer of 2010.

Prior to joining Morris Nichols, Joe was an associate in the bankruptcy and corporate restructuring department at another prominent Delaware law firm.

Professional Activities

  • American Bankruptcy Institute
    • Bankruptcy Litigation Committee (Executive Board, Communications Manager)
    • Asset Sales Committee
    • Business Reorganization Committee
    • Secured Credit Committee
  • Turnaround Management Association
  • Delaware Bankruptcy American Inn of Court
  • Federal Bar Association
  • St. Thomas More Society

Representative Matters

  • Co-counsel to an ad hoc group of senior lenders in the prepackaged chapter 11 cases of Dixie Electric, LLC and its debtor affiliates (Case No. 18-12477 (KG) Bankr. D. Del.) which sought to reorganize approximately $297 million in funded indebtedness.
  • Counsel to one of the largest unsecured creditors of Welded Construction, LP (Case No. 18-12378 (KG) Bankr. D. Del.). This engagement included advising the company in its individual capacity as well as with respect to its role as a member of the Official Committee of Unsecured Creditors.
  • Counsel to a lessor of nonresidential real property to Sears Holding Corp. and its affiliates (Case No. 18-23538 (RDD) Bankr. S.D.N.Y.).
  • Co-counsel to Steinhoff International B.V. in assisting the international conglomerate with its global restructuring. This engagement included representation of the company as sponsor and prepetition term lender in the prepackaged chapter 11 cases of The Mattress Firm, Inc. and its debtor affiliates (Case No. 18-12241 (CSS) Bankr. D. Del.) and as co-counsel to the foreign representative of its affiliate, Stripes US Holding, Inc. (Case No. 18-12388 (CSS) Bankr. D. Del.), in a related chapter 15 proceeding which facilitated the exit financing in the Mattress Firm cases.
  • Co-counsel to the sponsor of the prearranged plan for American Tire Distributors, Inc. and its debtor affiliates (Case No. 18-12221 (KJC) Bankr. D. Del.), one of the largest independent suppliers of replacement tires in the United States. The restructuring of American Tire’s approximately $2.6 billion in funded debt includes a three-year maturity extension and conversion of approximately $1.1 billion of bonds to equity.
  • Counsel to a potential purchaser of the property held by single asset real estate debtor Jackson Overlook Corp. (Case No. 18-12465 (JLG) Bankr. S.D.N.Y.).
  • Counsel to one of the largest unsecured creditors of WW Contractors, Inc. (Case No. 18-12095 (BFK) Bankr. E.D. Va.), a general contractor for the General Services Administration with projects across the country.
  • Counsel to a defendant in a preference action lodged by the chapter 7 trustee of the estates of New Source Energy Partners, L.P. and its debtor affiliates (Case No. 18-50319 (CSS) Bankr. D. Del.).
  • Co-counsel to The Boston Herald, Inc. and its affiliates (Case No. 17-12881 (LSS) Bankr. D. Del.), which operated a historic newspaper based in Boston, Massachusetts, with their post-sale chapter 11 proceedings.

News

Morris Nichols Welcomes Four New Attorneys

Wilmington, DE (October 3, 2018) – Morris, Nichols, Arsht & Tunnell LLP is pleased to welcome four new attorneys.  The additions include three recent judicial clerks and one experienced bankruptcy lawyer. “We are delighted to have four accomplished young lawyers join Morris Nichols,” said hiring partner Eric S. Klinger-Wilensky. ... Continue Reading