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Marc J. Phillips
Wilmington Office

1105 North Market Street
15th floor
Wilmington, DE 19801

P: 302-504-7823
F: 302-504-7820

Biography

Marc J. Phillips is a partner in Montgomery McCracken’s Business Department and is a member of the firm’s Bankruptcy & Financial Restructuring practice group. He focuses his practice on bankruptcy and corporate reorganization as well as the representation of companies in civil litigation and complex commercial litigation.

Marc has more than  a decade of experience representing a wide variety of clients in large and complex Chapter 11 and Chapter 7 corporate bankruptcy proceedings, including debtors, unsecured creditors, lenders, landlords, equipment lessors, trade creditors, directors and officers, intellectual property licensors and licensees, insurance carriers, municipal taxing authorities, utilities, asset purchasers, bondholders, note holders, trustees and committees. Marc also represents secured and unsecured creditors in bankruptcy preference and fraudulent transfer litigation.

Marc is a certified mediator for the United States Bankruptcy Court for the District of Delaware and listed on the Court’s Register of Mediators and Arbitrators.

Prior to joining Montgomery McCracken, Marc was an attorney at a large international law firm. Prior to his legal career, Marc played professional baseball within the Kansas City Royals organization for several years.

Selected Representations

  • Represented various municipal taxing authorities in multiple bankruptcy cases in the United States Bankruptcy Court for the District of Delaware to recover secured, priority and unsecured taxes owed to the municipality
  • Represented junior secured noteholders in the United States Bankruptcy Court for the District of Delaware resulting in a favorable settlement for the clients
  • Represented large trade creditor in firearms bankruptcy cases in the United States Bankruptcy Court for the District of Delaware to ensure one hundred percent recovery from bankruptcy estates
  • Represented landlords of shopping centers in multiple bankruptcy cases in the United States Bankruptcy Court for the District of Delaware to ensure compliance with going out of business sales procedures, payment of cure amounts with respect to assumption of lease and damages with respect to rejection of leases
  • Represented directors and officers in multiple adversary proceedings in the United States Bankruptcy Court for the District of Delaware against breach of fiduciary duty claims and obtained favorable settlements
  • Represented electric utility provider in multiple bankruptcy cases in the United States Bankruptcy Court for the District of Delaware to ensure favorable adequate assurance terms pursuant to 11 U.S.C. § 366
  • Represented mechanics lien holders in multiple bankruptcy cases in the United States Bankruptcy Court for the District of Delaware and obtained substantial recoveries for the clients

Professional Activities & Achievements

  • American Bar Association
  • Delaware Bar Association
  • American Bankruptcy Institute
  • Delaware Bankruptcy Inn of Court

Academic Achievements

Marc received his J.D. from Widener University School of Law. He earned his B.A. degree from Virginia Military Institute.