Jim Carr is Chair of Kelley Drye, a member of the Executive Committee, and previous Chair of the Bankruptcy and Restructuring practice (2005-2015). Jim’s practice focuses on creditor representations in corporate bankruptcy cases, with an emphasis on companies in the financial services, retail, gaming, petroleum, energy, chemical, and technology industries. He represents official committees of unsecured creditors, indenture trustees, owners and developers of shopping centers and individual creditors.
Jim regularly works with high-level executives to develop strategies to achieve their legal goals. Because he thoroughly understands the bankruptcy process from start to finish, he is able to communicate probable next steps and navigate around the challenges and obstacles his clients face. Jim’s clients truly appreciate his experience and well-earned reputation in the bankruptcy bar, his ability to guide them through challenges in a way that makes practical business sense, and the peace of mind he provides that is a direct result of such comprehensive advice. Jim has a successful track record of delivering realistic, creative solutions to novel issues that often arise in complex debt restructurings.
Over the past three decades, Jim has been involved in all aspects of the bankruptcy process and has played leading roles in a number of high-profile billion-dollar cases. As such, he has developed one of the most robust practices in the country representing creditor constituents. He has established a thriving practice representing unsecured creditors’ committees, both in and out-of-court restructurings. Additionally, he has substantial experience representing indenture trustees in some of the largest and financially complex bankruptcy cases to date. Jim is also recognized for having built the finest retail bankruptcy practice in the industry, with a team of lawyers who have been involved in well over 400 retail cases.
One of Law360’s “10 Most Admired Bankruptcy Attorneys,” Jim is listed and/or ranked as a premier bankruptcy lawyer in Chambers USA, The Best Lawyers in America©, The Deal Pipeline, The M&A Advisor and Super Lawyers. According to Chambers USA, clients appreciate Jim’s breadth of experience and “deep understanding of the bankruptcy Bar,” noting that he is “very well respected―when his name shows up, it’s something that immediately gets attention and respect.”
Also notable, Jim is a member of the Mediation Panels of the United States Bankruptcy Courts for the Southern District of New York and the District of New Jersey.
Jim is also the founder and managing director of META Advisors LLC, an organization that specializes in executing plans of reorganization, plans of liquidation, and administering trusts in chapter 11 and chapter 7 bankruptcy cases and out-of-court workouts. Jim consistently strives for an efficient post-confirmation process for his clients. To accomplish this goal, Jim becomes involved prior to confirmation by suggesting appropriate provisions that should be included in plans of reorganization or liquidation and confirmation orders. He engages in the same process for out-of-court workouts and structured dismissals by focusing on the terms of the settlement agreements and provisions in orders dismissing chapter 11 cases. Jim has been involved in all aspects of post-confirmation liquidations for companies across numerous industries.
Official Committees of Unsecured Creditors
Conexant; Fuddruckers; GT Advanced Technologies; Innovative Mattress Solutions, LLC; Jennifer Convertibles; Loehmann’s; MetroFuel; The Limited; TMT USA Shipmanagement; Real Mex Restaurants; Sarar USA; Scout Media; Verestar
Indenture Trustees
American Eagle Energy; Caesars Entertainment; Chapparal Energy; General Motors; ION Media Networks; James River Coal; Lehman Brothers; Midstates Petroleum; Motor Coach; Residential Capital; TerreStar; Trump Entertainment Resorts; VeraSun Energy; Vion Pharmaceuticals; Warren Resources
Retail
A&P; Aeropostale; BCBG; Blockbuster; Borders; Circuit City; Coldwater Creek; Eddie Bauer; Eastern Outfitters; Fortunoff; Friedman’s Jeweler’s; Hancock Fabrics; Linens ‘n Things; Mervyn’s; RadioShack; Sharper Image; The Sports Authority; Wet Seal; Wilson’s Leather
Liquidating Trustees/Receivers
Ashley Stewart; Buffets; Coldwater Creek; Copperweld; Exide Technologies; Friendly’s; LandSource; Noranda Aluminum; VeraSun Energy; Vestis Retail Group; Wet Seal
Jim’s achievements have been recognized by the Global M&A Network for his successful representation of the Official Committee of Unsecured Creditors in the following Chapter 11 cases:
- Chapter 11 Liquidation of the Year: Medley LLC
- Private Equity Acquisition Deal of the Year (Small Markets Segment): In-Shape Holdings, LLC
- Turnaround Deal of the Year: GT Advanced Technologies Inc.
- Retail & Services Turnaround Deal of the Year: Jennifer Convertibles, Inc
A description of the selection methodology can be found at
globalmanetwork.com/restructuring/turnaround-awards/.
He was selected as a fellow by the American Bar Foundation. A description of the selection methodology can be found at
www.americanbarfoundation.org/fellows/index.html.
Jim was selected for inclusion as a leading Bankruptcy attorney by
Chambers Global. A description of the selection methodology can be found at
chambers.com/about-us/methodology.
He was recognized by
The M&A Advisor as the Winner of the Retail Manufacturing/Distribution Deal of the Year regarding the Sale of Oreck Corporation to Royal Appliance Manufacturing Co. A description of the selection methodology can be found at
maadvisorawards.secure-platform.com/a.
Jim was previously selected as one of
Law360’s 10 Most Admired Bankruptcy Attorneys. A description of the selection methodology can be found at
www.law360.com/articles/192875/most-admired-attys-kelley-drye-s-james-carr.
He was selected for inclusion in the Bankruptcy and Creditor-Debtor Rights / Insolvency and Reorganization Law area, and in the Bankruptcy Litigation area as one of
The Best Lawyers in America© (Woodward/White, Inc.). A description of the selection methodology can be found at
www.bestlawyers.com/methodology.
Jim was selected for inclusion with top-five honors in
The Deal Pipeline’s Bankruptcy League Tables as a “Top Bankruptcy Lawyer.” A description of the selection methodology can be found at
www.thedeal.com/league-tables/ma/.
He was listed in the Corporate Restructuring area by
US Legal 500, a Legalease Publication. A description of the selection methodology can be found at
www.legal500.com/assets/pages/about-us/how-it-works.html#rank.
Jim was selected for inclusion in the New York
Super Lawyers lists, issued by Thomson Reuters. He was also selected “as one of the New York Metro Top 100 Lawyers.” A description of the selection methodology can be found at
www.superlawyers.com/about/selection_process.html.
He was selected for inclusion as a national and New York leading practitioner in the Bankruptcy/Restructuring area by
Chambers USA. A description of the selection methodology can be found at
chambers.com/about-us/methodology.
No aspect of these advertisements have been approved by the Supreme Court of New Jersey.
The Notre Dame Law Association Board of Directors, past president and first generation member liaison
Notre Dame Lawyers of New York City, chair
American Bankruptcy Institute
International Council of Shopping Centers
New York State Bar Association, Bankruptcy Committee
Credit Research Foundation
Law360 Bankruptcy Editorial Advisory Board, member
Don Bosco Prep High School, Board of Trustees
About
Jim Carr is Chair of Kelley Drye, a member of the Executive Committee, and previous Chair of the Bankruptcy and Restructuring practice (2005-2015). Jim’s practice focuses on creditor representations in corporate bankruptcy cases, with an emphasis on companies in the financial services, retail, gaming, petroleum, energy, chemical, and technology industries. He represents official committees of unsecured creditors, indenture trustees, owners and developers of shopping centers and individual creditors.
Jim regularly works with high-level executives to develop strategies to achieve their legal goals. Because he thoroughly understands the bankruptcy process from start to finish, he is able to communicate probable next steps and navigate around the challenges and obstacles his clients face. Jim’s clients truly appreciate his experience and well-earned reputation in the bankruptcy bar, his ability to guide them through challenges in a way that makes practical business sense, and the peace of mind he provides that is a direct result of such comprehensive advice. Jim has a successful track record of delivering realistic, creative solutions to novel issues that often arise in complex debt restructurings.
Over the past three decades, Jim has been involved in all aspects of the bankruptcy process and has played leading roles in a number of high-profile billion-dollar cases. As such, he has developed one of the most robust practices in the country representing creditor constituents. He has established a thriving practice representing unsecured creditors’ committees, both in and out-of-court restructurings. Additionally, he has substantial experience representing indenture trustees in some of the largest and financially complex bankruptcy cases to date. Jim is also recognized for having built the finest retail bankruptcy practice in the industry, with a team of lawyers who have been involved in well over 400 retail cases.
One of Law360’s “10 Most Admired Bankruptcy Attorneys,” Jim is listed and/or ranked as a premier bankruptcy lawyer in Chambers USA, The Best Lawyers in America©, The Deal Pipeline, The M&A Advisor and Super Lawyers. According to Chambers USA, clients appreciate Jim’s breadth of experience and “deep understanding of the bankruptcy Bar,” noting that he is “very well respected―when his name shows up, it’s something that immediately gets attention and respect.”
Also notable, Jim is a member of the Mediation Panels of the United States Bankruptcy Courts for the Southern District of New York and the District of New Jersey.
Jim is also the founder and managing director of META Advisors LLC, an organization that specializes in executing plans of reorganization, plans of liquidation, and administering trusts in chapter 11 and chapter 7 bankruptcy cases and out-of-court workouts. Jim consistently strives for an efficient post-confirmation process for his clients. To accomplish this goal, Jim becomes involved prior to confirmation by suggesting appropriate provisions that should be included in plans of reorganization or liquidation and confirmation orders. He engages in the same process for out-of-court workouts and structured dismissals by focusing on the terms of the settlement agreements and provisions in orders dismissing chapter 11 cases. Jim has been involved in all aspects of post-confirmation liquidations for companies across numerous industries.
Experience
Official Committees of Unsecured Creditors
Conexant; Fuddruckers; GT Advanced Technologies; Innovative Mattress Solutions, LLC; Jennifer Convertibles; Loehmann’s; MetroFuel; The Limited; TMT USA Shipmanagement; Real Mex Restaurants; Sarar USA; Scout Media; Verestar
Indenture Trustees
American Eagle Energy; Caesars Entertainment; Chapparal Energy; General Motors; ION Media Networks; James River Coal; Lehman Brothers; Midstates Petroleum; Motor Coach; Residential Capital; TerreStar; Trump Entertainment Resorts; VeraSun Energy; Vion Pharmaceuticals; Warren Resources
Retail
A&P; Aeropostale; BCBG; Blockbuster; Borders; Circuit City; Coldwater Creek; Eddie Bauer; Eastern Outfitters; Fortunoff; Friedman’s Jeweler’s; Hancock Fabrics; Linens ‘n Things; Mervyn’s; RadioShack; Sharper Image; The Sports Authority; Wet Seal; Wilson’s Leather
Liquidating Trustees/Receivers
Ashley Stewart; Buffets; Coldwater Creek; Copperweld; Exide Technologies; Friendly’s; LandSource; Noranda Aluminum; VeraSun Energy; Vestis Retail Group; Wet Seal
Honors
Jim’s achievements have been recognized by the Global M&A Network for his successful representation of the Official Committee of Unsecured Creditors in the following Chapter 11 cases:
- Chapter 11 Liquidation of the Year: Medley LLC
- Private Equity Acquisition Deal of the Year (Small Markets Segment): In-Shape Holdings, LLC
- Turnaround Deal of the Year: GT Advanced Technologies Inc.
- Retail & Services Turnaround Deal of the Year: Jennifer Convertibles, Inc
A description of the selection methodology can be found at
globalmanetwork.com/restructuring/turnaround-awards/.
He was selected as a fellow by the American Bar Foundation. A description of the selection methodology can be found at
www.americanbarfoundation.org/fellows/index.html.
Jim was selected for inclusion as a leading Bankruptcy attorney by
Chambers Global. A description of the selection methodology can be found at
chambers.com/about-us/methodology.
He was recognized by
The M&A Advisor as the Winner of the Retail Manufacturing/Distribution Deal of the Year regarding the Sale of Oreck Corporation to Royal Appliance Manufacturing Co. A description of the selection methodology can be found at
maadvisorawards.secure-platform.com/a.
Jim was previously selected as one of
Law360’s 10 Most Admired Bankruptcy Attorneys. A description of the selection methodology can be found at
www.law360.com/articles/192875/most-admired-attys-kelley-drye-s-james-carr.
He was selected for inclusion in the Bankruptcy and Creditor-Debtor Rights / Insolvency and Reorganization Law area, and in the Bankruptcy Litigation area as one of
The Best Lawyers in America© (Woodward/White, Inc.). A description of the selection methodology can be found at
www.bestlawyers.com/methodology.
Jim was selected for inclusion with top-five honors in
The Deal Pipeline’s Bankruptcy League Tables as a “Top Bankruptcy Lawyer.” A description of the selection methodology can be found at
www.thedeal.com/league-tables/ma/.
He was listed in the Corporate Restructuring area by
US Legal 500, a Legalease Publication. A description of the selection methodology can be found at
www.legal500.com/assets/pages/about-us/how-it-works.html#rank.
Jim was selected for inclusion in the New York
Super Lawyers lists, issued by Thomson Reuters. He was also selected “as one of the New York Metro Top 100 Lawyers.” A description of the selection methodology can be found at
www.superlawyers.com/about/selection_process.html.
He was selected for inclusion as a national and New York leading practitioner in the Bankruptcy/Restructuring area by
Chambers USA. A description of the selection methodology can be found at
chambers.com/about-us/methodology.
No aspect of these advertisements have been approved by the Supreme Court of New Jersey.
Memberships
The Notre Dame Law Association Board of Directors, past president and first generation member liaison
Notre Dame Lawyers of New York City, chair
American Bankruptcy Institute
International Council of Shopping Centers
New York State Bar Association, Bankruptcy Committee
Credit Research Foundation
Law360 Bankruptcy Editorial Advisory Board, member
Don Bosco Prep High School, Board of Trustees
Practices