Edward L. Schnitzer
New York Office

437 Madison Avenue
24th Floor
New York, NY 10022

P: 212-551-7781
F: 212-599-5085


Edward L. Schnitzer is Chair of Montgomery McCracken’s Bankruptcy & Financial Restructuring Department and serves as a member of the firm’s Management Committee. He focuses his practice on bankruptcy and reorganization matters. He has experience representing unsecured creditor committees, litigation & liquidation trustees, debtors, banks, equity committees, and creditors in all aspects of bankruptcy practice, with particular expertise in bankruptcy litigation including the prosecution and defense of preferences, fraudulent transfers, and other avoidance actions, claims objections, and collection and turnover actions.

Ed is a court-approved mediator in the United States Bankruptcy Courts for the District of Delaware and the Southern and Eastern Districts of New York. He has mediated disputes in the Health Diagnostic, Standard Register, Borders and WP Steel bankruptcy cases. Ed is also a member of the New York City Bar Association’s Pro Bono Bankruptcy Panel, and has represented individuals in need of pro bono assistance in adversary proceedings.

Upon graduation from law school, Ed served as an Assistant District Attorney in the Bronx where he briefed and argued appeals before the Appellate Division, New York Court of Appeals, Southern District of New York and Second Circuit, as well as tried several cases and assisted with the prosecution of a first degree murder trial. He then joined the Enforcement Division of the Securities & Exchange Commission where he investigated violations of the Federal Securities Laws. Prior to joining Montgomery McCracken, Ed served as chair of an international law firm’s bankruptcy and financial restructuring practice group.

Selected Representations

  • Representing the Plaintiff in Insys Liquidation Trust v. McKesson Corporation in Delaware, including prevailing against a motion to dismiss (see Bill Rochelle’s Daily Wire, July 27, 2021).
  • Representing the Creditors’ Committee in the Tuesday Morning bankruptcy pending in Dallas, Texas.
  • Represented the Official Committee of Equity Security Holders in the Pyxus International, Inc. bankruptcy in Delaware.
  • Selected as special counsel to prosecute avoidance actions in the Insys opioid bankruptcy.
  • Representing the liquidating trustee in the Centerstone Linen Services bankruptcy pending in Northern District of New York.
  • Representing the litigation trustee in the Willowood USA Holdings bankruptcy pending in Colorado.
  • Representing the official committee of unsecured creditors in the API Americas bankruptcy.
  • Serving as special counsel to prosecute avoidance actions in the Isolux Corsan bankruptcy pending in Texas.
  • Represented the official committee of unsecured creditors in the Puglia Engineering bankruptcy in Tacoma, WA.
  • Representing numerous creditors in the Sears & Kmart bankruptcies including negotiating critical vendor treatment, asserting reclamation rights, filing 503(b)(9) claims, asserting consignment rights and negotiating sale of claims.
  • Represented six clients/defendants in fraudulent transfer claims arising from the involuntary bankruptcy filing of a Long Island attorney running a Ponzi scheme.
  • Representing creditors/clients in the Westinghouse bankruptcy including the assertion of reclamation, 503(b)(9) and lien rights.
  • Recovered over $5 million on behalf of the Liquidating Trustee of Dewey & LeBoeuf through the prosecution of assorted Chapter 5 claims.
  • Represented secured creditor in New Jersey bankruptcy case resulting in full recovery for the client.
  • Defending various clients in avoidance actions in the Dots bankruptcy case seeking the avoidance and recovery of over $6 million in aggregate.
  • Negotiated dismissal of ~$1.5 million avoidance action filed against creditor in the HMX bankruptcy.
  • Generated over $10 million of recoveries on behalf of the Furniture Brands Plan Trustee through the prosecution of estate litigation claims.
  • Served on the panels of mediators for Draw Another Circle, Advance Watch, Quicksilver, Borders, and Health Diagnostic bankruptcy cases.
  • Represented defendants in various large bankruptcy cases including Wet Seal, Loehmann’s, Marco Polo, HMX, Factory 2-U, Ames, National Wholesalers Liquidators, Circuit City, Metro Park, Fortunoff and Value City.

Selected Publications

Selected Speaking Engagements

Honors & Awards

  • 2021 Large Company Turnaround and Transaction of the Year Award, Turnaround Management Association, 2021
  • Turnaround of the Year (Under $100MM) Award, The M&A Advisor, 2021
  • Corporate Turnaround of the Year Award, Global M&A Network’s Turnaround Atlas Awards, 2021
  • ABI Committee Member of the Year Award, 2020

No aspect of these advertisements have been approved by the highest court of any state. See Awards Methodology

Academic Achievements

Ed received his J.D. from Columbia University School of Law. He graduated from University of Pennsylvania, cum laude, with a B.A. in Economics and Mathematics. He earned a Certificate of Completion for the Inaugural Bankruptcy Mediation Class in 2011 from St. John’s University School of Law and the Hugh L. Carey Center for Dispute Resolution.