Deborah A. Reperowitz

Co-Chair Bankruptcy, Workouts & Creditors’ Rights

Deborah A Reperowitz


Deborah Reperowitz is a nationally recognized bankruptcy and commercial litigation attorney. A former partner at “Biglaw” firms and senior vice president and chief litigation counsel at CIT Group, Debbie uses her experience as in-house and outside counsel to provide clients with pragmatic, business-minded counsel and representation in all aspects of bankruptcy, business restructuring and commercial litigation matters. She has represented clients in the financial services, insurance, real estate, telecommunications, airline and general manufacturing sectors. Debbie is listed on the register of mediators maintained by the Bankruptcy Court for the Southern District of New York, and has been selected to serve as a mediator in the bankruptcy case of Dewey & LeBoeuf and the Madoff liquidations.

During her time at CIT Group, Debbie established and chaired CIT’s litigation and government investigations legal team and managed virtually all of CIT’s litigation and pre-litigation matters. She also represented CIT in connection with government inquiries and investigations and assisted CIT in connection with its restructuring. In addition, Debbie worked closely with senior management to identify, prevent and mitigate litigation risk.

Debbie also served as general counsel to Fairholme Capital Management LLC and secretary to The Fairholme Funds Inc. Fairholme Capital Management is an investment adviser that had approximately $20 billion under management, including managed accounts and three open-ended, non-diversified mutual funds traded on NASDAQ.

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Representative Matters

Debbie’s experience includes:

  • representing a national bank in a marine transportation company’s bankruptcy case 
  • representing clients in putative class actions, qui tam actions and government inquiries and investigations involving alleged violations of various state and federal laws, including False Claims Acts and the Fair Credit Reporting Act
  • defending clients against allegations of malfeasance, such as fraud, theft of trade secrets and wiretapping
  • representing the Japanese government in obtaining the post-petition manufacture and delivery of a satellite from bankrupt Loral Space and Communications Ltd.
  • filing a successful (i) objection to Enron’s DIP financing application; (ii) request for appointment of an examiner; and (ii) request for extrication of Enron N.A. from the Enron global cash management system, resulting in the appointment of Harrison Goldin as examiner and ultimately, a higher distribution for Enron N.A. creditors
  • serving as national bankruptcy counsel to Worldcom Inc. prior to its own bankruptcy case
  • representing an aerospace company in its acquisition of a Chapter 11 debtor for $27 million
  • representing equipment lenders and lessors in numerous out-of-court restructures and bankruptcy cases, including Norvergence Inc.
  • representing a bank as indenture trustee in numerous cases, including representing the bank on creditors’ committee
  • representing regional banks in numerous matters, including lender liability and “fueling the fraud” cases
  • representing a private equity firm in numerous investments in distressed companies
  • representing landlords in bankruptcy cases, including retail cases
  • representing a manufacturing company in successful out-of-court restructures
  • representing an insurance company in a bankruptcy case of insured, defeating trustee’s attempt to compel insurer to renew policies
  • representing two large restaurant franchisors in several franchisees’ bankruptcies
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Bar Admissions
  • New York
  • New Jersey
  • J.D., Seton Hall University School of Law
  • B.S., New York University

  • Turnaround Management Association, New York Chapter: President (2017), Executive Committee (2015-2017) and Board of Directors (2014-2017)

Speaking Engagements

  • Panelist, “Mush Mush! How Far Can Husky Carry the Concept of Nondischargeable Fraud?” American Bankruptcy Institute’s Winter Leadership Conference
  • Panelist, “Lender v Lender,” American Bankruptcy Institute’s 25th Annual Winter Leadership Conference
  • Panelist, “Bankruptcy Reform – First Six Months: What is Working, What is Not?” Turnaround Management Association’s Spring Conference
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  • New York Super Lawyers
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