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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

Ousting the Debtor in Possession: The Good, the Bad and the Ugly of Replacing a Debtor’s Management with a 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 the first place.  Why?  Because, in enacting the Bankruptcy Code, […]