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About Thomas J. Salerno

Thomas J. Salerno

Thomas Salerno is a bankruptcy attorney at Stinson LLP. He brings thirty-five years' experience to resolving complex issues in commercial corporate restructurings and recapitalizations, advising lenders, distressed companies, committees and acquirers of assets in both out of court restructurings and in bankruptcy cases.


Articles by Thomas J. Salerno

NRA Bankruptcy

Alternative Debtor Management? Discharge Your Fiduciary Duty at $1,155 Per Hour!

Examining the “Fiduciary for Hire” and the NRA’s Bad Faith Bankruptcy “When in doubt, mumble, when in trouble, delegate, when in charge, ponder.” – James H. Boren, When In Doubt, Mumble: A Bureaucrat’s Handbook (1972) Business entity debtors in chapter 11 cases come in all shapes and sizes, with varying degrees of integrity and competence […]


Bankruptcy Litigation Funding

Third-Party Litigation Funding (TPLF) and Issues It Creates In Bankruptcy

Investing in Litigation – The Bankruptcy Code and Third-Party Funding Third-party litigation funding (“TPLF”) is, beyond a doubt, here to stay. In bankruptcy cases, TPLF arises in a number of contexts. First is the TPLF as a pre-petition secured or unsecured creditor—i.e., the TPLF source funded litigation and thereby acquired property rights in litigation proceeds […]


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