Joshua M. Grenard

Josh Grenard represents clients in bankruptcy cases involving debtors across the business spectrum, to include real estate, construction, retail, manufacturing, energy, hotels, restaurants, life settlements, and oil and gas exploration/production/refining. Josh has represented secured creditors, unsecured creditors, and debtors in all manner of corporate restructurings (whether in- or out-of-court) and has counseled ad hoc and official unsecured creditors’ committees in all stages of bankruptcy proceedings.

In addition, Josh has represented numerous clients with respect to the negotiating and documenting of loan and associated work-out related matters, primarily as counsel to debtors and senior lenders.  His bankruptcy finance experience includes representing commercial banks (including lender groups), other financial institutions, and equipment lessors in bankruptcy aspects of securitization transactions, to include debtor-in-possession financing.  Josh also has extensive experience in all aspects of bankruptcy litigation and has tried numerous bankruptcy-related matters before Bankruptcy Courts around the country

Prior to joining Goldstein & McClintock LLLP, Josh was an restructuring attorney at Mayer Brown LLP (2009-2015) and Kirkland & Ellis LLP (2016-2018).

Before attending law school, Josh served as an Active Duty Infantry Officer in the United States Army, where he served as the deputy commander for a 125-Soldier light infantry company conducting combat operations in Iraq from January 2004-March 2005, where he was awarded the Bronze Star Medal as a result of his combat actions and service. After completing his tour on Active Duty, Josh continued his service in the United States Army Reserve, where he spent another six years in uniform, ultimately serving as a Company Commander, where he was nominated for the General Douglas McArthur Leadership Award.

• DEBTOR MATTERS
  • Co-Lead Counsel for ATP Oil & Gas Corp. in one of the largest offshore exploration and production company bankruptcies, involving more than $3 billion in energy assets, in the United States Bankruptcy Court for the Southern District of Texas. Personally supervised and managed all aspects of the sale and auction process that resulted in the successful consummation of a $700 million Section 363 Sale following a multi-day evidentiary trial. The transaction was later awarded “Energy & Services Turnaround of the Year” by Global M&A Network.
  • Represented Avaya Inc. and certain of its affiliates in their chapter 11 cases. Avaya and its debtor-affiliates had more than $6 billion in funded debt obligations as of the commencement of their chapter 11 cases, with annual revenues in excess of $3 billion. Avaya’s restructuring was recognized as the 2018 Transaction of the Year (Mega Company) by the Turnaround Management Association.
  • Co-Lead Counsel to OCZ Technology Group, Inc in its Section 363 Sale of over $35 million of assets to Toshiba Corp.
  • Represented Horsehead Holding Corp. (n/k/a American Zinc Recycling), a U.S. producer of specialty zinc and zinc-based products and a leading recycler of metals-bearing waste, in its chapter 11 restructuring. Under the plan, Horsehead successfully eliminated most of its $427 million in pre-bankruptcy debt and emerged from Chapter 11 under the control of its noteholders, with approximately $205 million in senior secured debt converted to equity in the restructured entity.
  CREDITOR/LENDER MATTERS
  • Represented the pre-petition administrative agent and lenders in a $35 million DIP credit facility and eventual $125 million debt-for-equity swap leading to the acquisition of Tuscany International Drilling, Inc., an oil rig owner and operator, pursuant to its confirmed Chapter 11 plan.
  • Represented senior lender with over $225.5 million in outstanding debt in resolution of Chapter 11 case of LTAP US, LLLP, a life settlement company with over $358.7 million in scheduled assets (including life insurance policies of over $1.36BN in face value) and successfully prosecuted lender’s Motion for Relief from the Automatic Stay after a multi-day contested valuation hearing.
  • Represented senior lender in successful resolution of Chapter 11 case of QOC I, LLC, a life settlement company with approximately $138 million in life insurance policies, resulting in a consensual settlement and foreclosure of all encumbered assets.
  • Represented Mega International Commercial Bank Co., Ltd. and SC Lowy Primary Investments, Ltd., as agent banks, in a multi-billion dollar bankruptcy involving a large, Taiwanese shipping company, with regard to bank claims in excess of $415 million in unpaid debt in In re TMT Procurement Corporation, et al., in the United States Bankruptcy Court for the Southern District of Texas, including an extensive evidentiary trial concerning bad faith filing.
  • Represented administrative agent and senior secured lenders to Tempel Steel Company in out-of-court workout, resulting in the complete payoff of more than $163 million of outstanding indebtedness after a projected recovery of less than 25% at the commencement of negotiations.
  • Co-Lead bankruptcy counsel to senior secured creditor in successful prosecution (as estate representative plaintiff) in a fraudulent transfer and related adversary proceedings involving multiple extraterritorial asset transfers, resulting in $52 million judgment and proposed additional multi-million judgment against debtors and family members in Chapter 7 case of individuals pending in the United States Bankruptcy Court for the Northern District of Illinois.
  • Represented JP Morgan Chase Bank, N.A. in connection with Peregrine Financial Group, Inc.’s bankruptcy case, involving one of the largest financial fraud matters in United States history with over $200 million in customer funds embezzled over a 20-year period by the firm’s owner/manager.

• State of Illinois (November 2009)United States District Court for the Northern District of Illinois – General Bar (December 2009)

• DEPAUL UNIVERSITY COLLEGE OF LAW - Chicago, IL

  Juris Doctor, summa cum laude - May 2009

  Order of the Coif

  Symposium Editor, Volume 58, DEPAUL UNIVERSITY LAW REVIEW

• UNIVERSITY OF MISSOURI - Columbia, MO

  Bachelor of Arts in Political Science - May 2002

  Minor: Sociology