David M. Powlen is a partner in the Wilmington, Delaware office of Barnes & Thornburg LLP. He is a member of the Corporate Department; the Finance, Insolvency and Restructuring Department; the Litigation Department; and the Real Estate Department. He is Co-Chair of the Asset Revitalization Practice Group, and a member of the Financial Institutions and Construction Law Practice Groups. He is former Chair of the Finance, Insolvency and Restructuring Department., and at various times has served as a member of the firm's Management and Non-Legal Affiliates Committees.
Practicing primarily in the areas of financing transactions, business bankruptcies, sales and reorganizations, and complex commercial litigation, Mr. Powlen represents clients in Chapter 11 cases before the bankruptcy courts in Delaware and throughout the United States. He has advised secured creditors, indenture trustees and bondholder groups, official committees of unsecured creditors, parties to leases, franchises, licenses and other types of contracts, debtors and equity holders, asset purchasers and financial sponsors of plans of reorganization, and defendants in adversary proceedings in which alleged preferential payments or other transfers are sought to be avoided. With over 25 years of experience as an attorney, he has led many additional types of assignments involving creditors’ rights, refinancings, restructurings, receiverships, out-of-court arrangements, and other special situations.
Mr. Powlen has served as Co-Chair of the Financial Advisors Committee and Co-Chair of the Investment Banking Committee of the American Bankruptcy Institute, Director for a regional chapter of the Turnaround Management Association, and in leadership positions for various other national, state and local organizations. He is listed in The Best Lawyers in America, and is a Certified Insolvency & Restructuring Advisor (a designation of the Association of Insolvency & Restructuring Advisors).
