Mark Chehi has represented numerous public and private companies in out-of-court restructurings and workouts, "prepackaged" and prearranged bankruptcies, traditional Chapter 11 cases, and related transactions, strategy and governance issues.


Mr. Chehi provides U.S. representation and strategic advice to international creditors and administrators, appears in court regularly, and takes lead roles in litigated matters, including bankruptcy, insolvency, fiduciary breach and commercial litigation, and mediations.

Mr. Chehi has represented lenders, acquirers, shareholders, creditors’ committees, committee members and board special committees in a wide variety of matters, including international and cross-border situations.

Additionally, he advises officers and directors of companies and other stakeholders involved in financial restructurings on corporate governance and fiduciary duties.

During his career, Mr. Chehi has had primary responsibility in numerous significant in-court and out-of-court restructurings. His public representations include the following Chapter 11 matters: Birch Telecom (company); Bruno’s (acquirer); Buffets Restaurants (senior lender agent); Congoleum Corporation (parent); Chart Industries (company-prepak); Delaco Company (company-mass tort liabilities); Doral Financial (creditor-acquirer); Exodus Communications (company); GenTek (company); HCI Direct (company-prepak); LandAmerica Financial Group (outside directors); Lenox Healthcare (company); Mrs. Fields Cookies (company-prepak); NewComm Wireless (senior lender-stalking horse bidder); Nutritional Sourcing Corp. (creditors committee); Owens Corning (company); Russell-Stanley Holdings (company-prepak); Syms/Filene’s Basement (company); Tropicana Entertainment (senior lenders); UDC Homes (company); VeraSun Energy (company); Viatel (company); and W.R. Grace (member of creditors committee).

Mr. Chehi was recognized as Best Lawyers’ 2016 "Lawyer of the Year for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law" and Best Lawyers’ 2015 "Wilmington Litigation – Bankruptcy Lawyer of the Year." He was named as a "BTI Client Service All-Star" in 2012 by The BTI Consulting Group and has been named as an Acritas "Star." He also is included regularly in Chambers USA: America’s Leading Lawyers for Business, Euromoney and Legal Media Group’s Guide to the World’s Leading Insolvency and Restructuring Lawyers, as well as in IFLR 1000, The Legal 500 U.S. and The Best Lawyers in America. In 2014, Mr. Chehi received the "Leadership Excellence in the Law" award at the 5th Annual Philadelphia Diversity and Leadership Conference. He writes and speaks frequently on financial restructuring and fiduciary duty topics.



  • J.D., The University of Chicago Law School, 1990
  • B.A., Haverford College, 1980


  • Delaware
  • U.S. Courts of Appeals for the Third, Fifth and Ninth Circuits
  • U.S. District Courts for the District of Delaware and Middle and Eastern Districts of Pennsylvania
  • Pennsylvania


  • Member, Turnaround Management Association
  • Member, International Association of Restructuring, Insolvency and Bankruptcy Practitioners (INSOL)
  • American Bar Association, Business Bankruptcy Committee Liaison to INSOL
  • Co-chair, Subcommittee on Business Transactions, ABA Business Bankruptcy Committee


  • Law Clerk, Hon. Richard L. Nygaard, U.S. Court of Appeals for the Third Circuit (1990-1992)

Mark S. Chehi

Partner, Corporate Restructuring