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About Aaron Wernick

Aaron Wernick

Aaron Wernick practices in the areas of bankruptcy, corporate restructuring, distressed investment and creditors’ rights. He represents debtors, secured and unsecured creditors, debtor-in-possession lenders and others in complex Chapter 11 and cross-border insolvency cases. Aaron earned his J.D., cum laude, at Boston University School of Law, where he was an editor of the Review of Banking & Financial Law, and his B.B.A. in accounting at Emory University.  Aaron is also a Certified Public Accountant licensed in Pennsylvania.

Articles by Aaron Wernick

A chess pawn topples another one, symbolizing the replacing of a debtor's management with a chapter 11 trustee

The Good, the Bad, and the Ugly of Replacing a Debtor’s Management with a Chapter 11 Trustee

Which is Better: Debtor in Possession or Chapter 11 Trustee? The mere act of filing a chapter 11 bankruptcy petition significantly alters the relationship between a debtor and its creditors, yet, perhaps surprisingly, the filing does not automatically trigger removal of the very management team that led (or maybe drove) the debtor into bankruptcy in […]