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For more than 15 years, Mr. Gutfleish has aggressively represented debtors, creditors, creditors' committees, and bankruptcy trustees
in all aspects of bankruptcy proceedings. Mr. Gutfleish began his career in the bankruptcy field in Manhattan and later joined a New Jersey-based
bankruptcy firm. He has worked on complex bankruptcy cases throughout his career, including Bradlees, Inc., Teligent, Inc. and The Bennett Funding Group
Inc., and on complex commercial litigation arising in bankruptcy cases.
Mr. Gutfleish represented the official committee of unsecured creditors appointed in The Bennett Funding Group, Inc. case, one of the
largest pyramid schemes in U.S. history. Creditors throughout the country filed claims in excess of $700 million and received average distributions of
50%, an impressive result.
Mr. Gutfleish represented the trustee in the chapter 11 case filed by C&I Promotions, Inc., in which the business was preserved and
sold as a going concern, conflicting claims to the debtor's assets were consensually resolved, hundreds of local jobs were preserved, employees were paid
their outstanding wages, and unsecured creditors received a sizable distribution.
Since joining Forman Holt Eliades & Ravin in 2004, Mr. Gutfleish has represented various chapter 11 and chapter 7 trustees. In that capacity, he has
investigated several significant real estate, mortgage, health, welfare and insurance frauds committed by the debtors and their principals, and has pursued the alleged
wrongdoers on behalf of creditors. He also has assisted several financially distressed businesses in bankruptcy proceedings and non-bankruptcy work-outs.
Mr. Gutfleish has served as a panelist for seminars sponsored by the Bergen County Bar Association, the Institute of Continuing Legal
Education, and the New Jersey State Bar Association, including those addressing the basics of chapter 11 bankruptcy practice, the pit-falls of bankruptcy
for non-bankruptcy practitioners, state law liquidation alternatives, the interplay and tensions between matrimonial and bankruptcy proceedings, and
corporate governance in chapter 11 reorganization cases.
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