Best Lawyers Award Badge Marc E. Hirschfield, recognized by Best Lawyers for Bankruptcy Litigation for the fifth consecutive year and by New York SuperLawyers since 2011, focuses his practice on bankruptcy, business restructuring, creditors' rights, litigation, and debt finance. With 30 years of experience as an attorney, Marc regularly represents parties in bankruptcy proceedings and related litigation throughout the country. Marc is also a court-certified mediator and is appointed to mediation panels formed by the United States Bankruptcy Courts for the District of Delaware and for the Southern and Eastern Districts of New York. He is a member of the American Bankruptcy Institute and a member of the Turnaround Management Association. Marc serves on the Board of Directors of the Turnaround Management Association's New York Chapter.

Marc is also an accomplished debt finance attorney where he regularly represents lenders and borrowers in a variety of debt finance transactions including secured, unsecured, unitranche, first lien/second lien and senior/mezzanine structures, in the forms of term loans, revolving facilities and asset-backed loan facilities.

Marc serves as pro bono general counsel to and serves as Captain of the Chappaqua Volunteer Ambulance Corps (CVAC), as well as being CVAC’s First Lieutenant and member of its Board of Directors. He is a New York State Certified Emergency Medical Technician and is included in the National Registry of Emergency Medical Technicians. Marc is a member of the Ski Patrol at Ski Butternut in Massachusetts. He teaches people to become ski patrollers and Emergency medical technicians (EMTs).

Client Experience

  • More than 160 companies under common ownership with Purdue Pharma in the Chapter 11 cases on Purdue Pharma and its affiliates

  • Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC Ponzi scheme
  • SEC-appointed Receiver in one of Connecticut’s largest securities fraud cases

  • Chapter 11 Trustee overseeing the bankruptcy of a large international fraud with parallel proceedings pending in two other countries

  • As an experienced mediator, parties seeking to resolve their disputes through mediation rather than costly litigation. Marc was appointed by the United States Bankruptcy Court for the Southern District of New York to be on the Mediation Panel for indemnification claims asserted by Lehman Brothers

  • Secured creditor in a subchapter V small business case pending in the Southern District of New York Bankruptcy Court
  • Defendants in a $100 million lawsuit seeking the return of fraudulent transfers and other damages
  • International bank as a secured creditor in a Chapter 11 case pending in Delaware and with respect to a related Chapter 15 case

  • Debtors, private equity sponsors, official and ad hoc creditors' committees, secured and unsecured lenders, hedge funds, fiduciaries, distressed debt purchasers and others in out-of-court restructurings and Chapter 11 cases for clients in the technology, energy, retail, healthcare, food and beverage, media, real estate, telecommunications and other industries

  • Debtor-in-possession and exit lenders in Chapter 11 cases involving healthcare, manufacturing and other industries

  • Boards of Directors of companies facing financial distress, advising on their fiduciary duties

  • Lenders and borrowers in numerous debt financing and securitization transactions

  • Leading private equity sponsors in connection with LBO, CMBS and other structured finance transactions

  • Parties in litigation in federal courts in numerous jurisdictions

Representative Matters


  • SIPA Trustee for the liquidation of Bernard L. Madoff Investment Securities
  • Chapter 11 Trustee for the liquidation of Manhattan Investment Fund
  • Receiver for Michael Kenwood Capital Management
  • Counsel to Patient Care Ombudsmen in Daytop Village Foundation
  • Debtors’ counsel to Bradlees Stores, Inc.
  • Debtors’ counsel to Westwood Energy in pre-packaged Chapter 11 case
  • Debtors’ counsel in Euro-American Lodging Corporation
  • Liquidating Trustee of Okura
  • Liquidating Trustee of Fink Baking Corp.
  • Liquidating Trustee of Manhattan Investment Fund


  • Secured lender in Exelco Chapter 11 cases
  • Secured lender in New York Classic Motors Subchapter V Chapter 11 case
  • Secured lender in KomTek Chapter 11 case
  • Secured lender in Frederick’s of Hollywood Chapter 11 case
  • Secured lender in Everfresh Beverage Chapter 11 case


  • DIP lenders to Sun Healthcare Group
  • DIP lenders to Integrated Health Services
  • DIP lender to High Voltage
  • DIP lender to Mercy Hospital of Northern New York

Personal Insights

My Greatest Strengths
  • Helping clients strategize to overcome their own financial difficulties or to protect themselves with respect to other companies who are facing financial pressures.

  • Carefully listening to client needs, concerns, and goals to develop an effective and cost-efficient plan that exceeds their expectations.

  • Assisting parties in disputes I mediate to forge common ground to resolve their differences without resorting to protracted and costly litigation.

  • I was named to the Best Lawyers® List in the category of Litigation - Bankruptcy for the past five years.

  • I was listed in Chambers USA as a leading Bankruptcy/Restructuring attorney from 2010 through 2014.

  • I have been named a top Bankruptcy attorney by New York Super Lawyers every year since 2011.

  • I am on the faculty of Lawline, a leading provider of continuing legal education.

  • I learned to ski when I was 40 years old by taking lessons with my then five-year-old son. Since then, I have spent many hours on the slopes with my wife and son in Colorado, Utah, New York, Massachusetts, and Vermont. I am currently a member of the Ski Patrol at Ski Butternut in Massachusetts where I help to teach people to become ski patrollers. 

  • I serve as pro bono general counsel to and serve as Captain of the Chappaqua Volunteer Ambulance Corps (CVAC), as well as being CVAC’s First Lieutenant and member of its Board of Directors. I am a New York State Certified Emergency Medical Technician and am in the National Registry of Emergency Medical Technicians. I also serve on the faculty at Northwell Health's Phelps Hospital where I teach people to become Emergency Medical Technicians as a New York Clinical Lab Instructor. 

  • I serve as Secretary and member of the Board of NYC Medics, the international organization which deploys mobile medical teams to remote disaster zones to provide emergency relief.

What Drives Me
  • I work tirelessly to make sure my clients achieve the goals for which they hired me. 


Practice Focus
  • In and Out of Court Restructurings

  • Debtor Representations

  • Ad hoc and Official Creditors' Committees

  • Fiduciary Representations

  • Debt Financing

  • Distressed Debt

  • DIP Financing

  • Bankruptcy Litigation

  • Distressed M&A

  • Corporate Governance

  • Structured Finance and Securitizations


  • Technology

  • Telecommunications

  • Healthcare services & procedures

  • Energy

  • Investor relations

  • Venture capital funds & private equity firms

  • Family offices

  • Angel investors

  • Lenders & equipment lessors

  • Hedge funds

  • Financial services

  • Hospitality

  • Bars and restaurants

  • Hotels

  • Retail

  • Transportation



Community & Professional

Community & Professional
  • Turnaround Management Association - New York City Chapter
    • Board of Directors, 2024
    • Online Programming Committee, Chair, 2024
  • American Bankruptcy Institute, Member
  • Chappaqua Volunteer Ambulance Corps, Member, General Counsel, First Lieutenant and Board Member

  • Ski Butternut Ski Patrol, Member

  • NYC Medics Global Disaster Relief, Secretary and Board Member

  • Northwell Health – Phelps Hospital, Clinical Lab Instructor for EMT Classes  



J.D., magna cum laude, State University of New York at Buffalo School of Law, 1992

  • Buffalo Law Review, Editor
  • Moot Court Board, Member

B.A., Phi Beta Kappa, Outstanding Academic Achievement Honors, State University of New York at Binghamton, 1989


  • New York
    U.S. District Court for the Eastern District of New York
    U.S. District Court for the Southern District of New York
    U.S. District Court for the Western District of New York Second Circuit Court of Appeals


Best Lawyers in America, 2018-2024

  • Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law

Chambers USA, 2010 -2014

  • Bankruptcy/Restructuring

New York Super Lawyers, 2011-Present

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