Bill is a nationally recognized bankruptcy attorney with extensive experience in corporate and municipal reorganizations and debt restructurings both in and out of court. He represents creditors and debtors across a wide range of industries throughout the country in all phases of distressed debt negotiations, bankruptcy litigation, and distressed asset acquisitions. Bill is also recognized as one of the leading attorneys in the nation for his work representing bond trustees and bondholders in Chapter 9 bankruptcies and other governmental and municipal insolvencies.
Bill is the chair of the firm's Bankruptcy & Restructuring Practice. His practice focuses primarily on commercial law and litigation, workouts, and corporate and municipal restructurings. Bill has represented various institutional lenders, indenture trustees, bondholders, and other creditors, debtors, and trustees in all manner of insolvency proceedings in courts throughout the United States.
His industry experience encompasses municipalities, airlines, hospitals and other health care facilities, retail, telecom, energy and clean tech, waste disposal, military housing, hotels, and educational institutions.
He has substantial experience in all phases of bankruptcy litigation, practice, and case management from both the debtor’s and creditor’s perspective, including relief from stay, adequate protection, valuation, preference, fraudulent transfer, subordination, competing plan, and appellate litigation. One of his specialty areas is in negotiating sales of troubled companies and assets, both in and out of bankruptcy. His practice also includes addressing bankruptcy and documentation issues in securitizations, receivable sales, bond transactions, and structured financings generally.
Bill is active in the American College of Bankruptcy, American Bankruptcy Institute and the Turnaround Management Association and frequently lectures and writes on insolvency issues in front of these groups and numerous other bar, trade, and industry groups, including the National Federation of Municipal Analysts and its constituent societies and the Municipal Bond Buyers Conference. He served as an editor-in-chief of the American Bankruptcy Institute Health Care Insolvency Manual and served as co-chair of the American Bankruptcy Institute’s Health Care Insolvency Section.
More Legal and Business Bylines From William W. Kannel
- First Circuit Hears Oral Arguments on Validity of Puerto Rico’s Recovery Act - (Posted On Thursday, May 07, 2015)
- Pennsylvania Amends Act 47 to Give the Commonwealth More Oversight and its Municipalities Less Time to Reorganize - (Posted On Friday, November 07, 2014)
- Puerto Rico Poised to Enact Bankruptcy-Like Legislation for Certain Revenue Bond Issuers - (Posted On Thursday, June 26, 2014)
- Municipal Bond Market Absorbs Puerto Rico Supreme Court’s Decision that Teacher Pension Reform Legislation is Unconstitutional Contract Impairment - (Posted On Tuesday, April 15, 2014)
- Legislative Trial Balloon for Puerto Rico Public Corporation Insolvency Process Attracts Bondholder Attention - (Posted On Tuesday, March 18, 2014)
- Legal Highlights in Puerto Rico’s “Draft POS” for Upcoming General Obligation Bond Issue - (Posted On Wednesday, March 05, 2014)
- Puerto Rico Senate Not in a New York State of Mind - (Posted On Thursday, February 27, 2014)
- Puerto Rico Bondholders Await Contract Impairment Ruling in Teacher Pension Reform Litigation - (Posted On Monday, February 10, 2014)
- Could Bondholders Bring Claims Against Puerto Rico Bond Issuers in Courts Outside Puerto Rico? - (Posted On Tuesday, February 04, 2014)
- Puerto Rico Supreme Court’s Deference to Legislature’s Determinations: A Double-Edged Sword for Puerto Rico Bondholders? - (Posted On Thursday, November 14, 2013)