Neil H. Ackerman
Neil H. Ackerman
Mr. Ackerman is a 5.0 AV rated attorney with 38+ years’ experience, focusing on Commercial and Consumer Bankruptcy Law, Debt Restructuring & Workouts, & Commercial Litigation. He has successfully represented numerous businesses, including public corporations, and individuals, as well as Creditors’ Committees, Investor’s Committees, & Bondholders’ Committees in Chapter 11 Bankruptcy cases; and Bankruptcy Trustees in numerous Chapter 7 and 11 cases. Additionally, Mr. Ackerman has represented thousands of individuals & married couples as debtors in Chapters 7, 11 & 13 cases; acted as plaintiff and attorney for the plaintiff in numerous preference and fraudulent conveyance lawsuits in bankruptcy, and other Bankruptcy adversary proceedings; represented many defendants in preference and fraudulent conveyance actions, & other Bankruptcy adversary proceedings; and banks, insurance premium finance companies & other secured & unsecured creditors & landlords in Chapters 7, 11, & 13 Bankruptcy cases. Also, he has successfully represented many businesses and individuals, as well as Banks & other secured creditors, & landlords, in pre-bankruptcy & outside-of bankruptcy debt workouts; & he has extensive experience in foreclosure defense & mortgage modifications.
Mr. Ackerman was the Senior Law Clerk for the Hon. Cecelia Goetz, U.S. Bankruptcy Judge in 1981-1982; he was a Bankruptcy Trustee in the U.S. Bankruptcy Court for the Eastern District of New York for more than 20 years; & he is the Chairperson of the Bankruptcy Law Committee of the Nassau County Bar Association of attorneys.
Mr. Ackerman was also the editor of “Bankruptcy for Bankers” of the Banking Law Journal between 1999-2000; authored 13 articles that were published in the NY Law Journal, the Banking Law Journal & the Long Island Business News; & frequently lectures at many legal seminars on Bankruptcy issues to Attorneys.
Mr. Ackerman was the Chair of the Bankruptcy Departments at several different Law Firms in New York City and Long Island; is the most viewed writer on Bankruptcy Law on Quora; & is listed as one of the Top Bankruptcy Attorneys/Resources To Follow on Twitter by justipedia.com.
He has been interviewed on television (CNBC and News 12-Long Island), and quoted in Inc. Magazine, and in articles published in New York Newsday.
New York, 1982
U.S. District Court Eastern District of New York, 1982
U.S. District Court Southern District of New York, 1982
American University, Washington College of Law, Washington, District of Columbia – 1981
Graduated With Honors
Law Review: American University Law Review, 1980 – 1981
State University of New York at Binghamton, Binghamton, New York
B.A. magna cum laude – 1977
Major: Political Science
“Inquiries Are Key To Buyer and Lenders after ‘Nominal Or No Consideration’ Transfers”, New York Law Journal, February 13, 2002, page 4
“Second Circuit Joins in Securities Fraud Debate”, New York Law Journal, September 8, 2000, page 1, reprinted in RICO Law Reporter, volume 32, number 4, October 2000, page 378
Bankruptcy for Bankers: “Although Courts Often State That Creditors’ Liens Pass Through Debtors’ Bankruptcy Cases Unaffected, Secured Creditors That Fail to File Claims Against Chapter 11 , Banking Law Journal, April-May 1999
Bankruptcy for Bankers: “Courts Generally are Reluctant to Bar Creditors From Taking Action Against Non-Debtors, Although Some Cases May Warrant Section 105(a) Injunctions of Such Actions”, Banking Law Journal, February 1999
Bankruptcy for Bankers: “Prejudgment Relief: Attachment of a Debtor’s Assets and Orders Barring a Debtor from Transferring its Property Can Protect Bank Seeking To Collect a Debt”, Banking Law Journal, December 1998
“Beyond the Veil: Concealed Assets, Creditors Seek to Enforce Claims”, New York Law Journal, September 29, 1997, page 8, col. 6
Debtor Discharges and Reversed Fraudulent Conveyances”, New York Law Journal, May 16, 1997, page 1
U.S. Supreme Court Settles Two Chapter 13 Bankruptcy Issues”, New York Law Journal, July 16, 1993, page 1
“Single Asset Real Estate Chapter 11 Bankruptcies”, Long Island Business News, May 24, 1993
“Stripdowns of Home Mortgages in Chapter 13 Bankruptcies”, Long Island Business News, April 12, 1993
“Returning Payments from Debtors”, Long Island Business News, January 18, 1993
“Considering the Two-Tier Model of the Fourth Amendment”, 31 American University Law, (Fall 1981)
Interviewed on CNBC (6/94) and News 12-Long Island (3/94)
Interviewed by, and quoted in, article published in 1994 in Inc. Magazine on Bankruptcy and
Wrote briefs in precedent-setting decisions such as In re Gusam Restaurant Corp., 737 F.2d 274 (2d Cir. 1984), to which Congress reacted by amending Bankruptcy Code Section 105 to explicitly provide that “[n]o provision of this title providing for the raising of an issue by a party in interest shall be construed to preclude the court from, sua sponte, taking any action or making any determination necessary or appropriate…”; and In re Northern Star Industries, Inc., 38 B.R. 1019 (E.D.N.Y. 1984)
Wrote briefs and orally argued (at trial, motion, or on appeal) precedent-setting decisions in North Fork Bank, as Substitute Trustee of Group Trust No. 47, Debtor in Possession, and the Official Committee of Investors in the Chapter 11 Case of Group Trust No. 47 v. Abelson, 207 B.R. 382 (E.D.N.Y. 1997); Ackerman, Trustee v. Pitter (In re Barry Pitter), slip op. granting summary judgment in adv. proc. no. 896-8647 (Bankr. E.D.N.Y. 5/4/98) (first case in U.S.A. allowing Bankruptcy Code Section 363[h] sale of nondebtor’s interest in real property by trustee; decision issued by Bankruptcy Judge Dorothy Eisenberg); Ackerman, Trustee v. Eanuzel (In re Olivia Eanuzel), slip op. granting summary judgment in adv. proc. no. 898-8395 (Bankr. E.D.N.Y. 2/15/00 (fourth case in U.S.A. allowing Bankruptcy Code Section 363[h] sale of nondebtor’s interest in real property by trustee; decision issued by Bankruptcy Judge John Connolly); Bankruptcy Trustee in, and prepared brief for, precedent-setting decision in Ackerman,Trustee v. Kovac (In re All American Petroleum Corp.), 259 B.R. 6 (Bankr. E.D.N.Y. 2001)
Major clients over the years have included: GECC; HFC; the RTC; the FDIC; NatWest; Citibank; Dime Savings Bank; Imperial Premium Finance, Inc.; Banco Popular; Bank Leumi; Volvo Car Finance, Inc.; Transtate Insurance Company; Eastern Wholesale Fence Co.; Wamco/J-Hawk; AGT/Metropolitan; J.E. Robert Co.; Starbare/Roseland; Suffolk County, State of New York (as bankruptcy counsel for Law Firm which represented this County); Utica National Insurance Company (as bankruptcy counsel for Law Firm which represented this company); China Products, NA, Inc.; AEP Industries, Inc.; The Edelman Group, Ltd.; PSCH, Inc.; Kwon; Tommy Hilfiger companies (as bankruptcy counsel for Law Firm which represented this company); and the Official Committee of Investors in Chapter 11 Bankruptcy case of Group Trust No. 47, which was in charge of administering and liquidating pension plan trust, and ensuring that the almost-600 investors/participants did not lose their tax exemptions retroactively, together with possible penalties and interest, due to voluminous past violations by former trustee of the Internal Revenue Code and ERISA, while procuring the resignation of this former trustee, obtaining a new ERISA-qualified trustee for the trust, suing and obtaining judgments and recoveries from the former trustee of this pension plan trust (and principals of the former trustee), and prior accountants and attorneys for the trust, as well as marketing and selling third and fourth mortgages on real properties, which were primary assets of the trust, pursuant to Bankruptcy Court Orders, etc.
Lecturer at legal seminars on Bankruptcy issues to attorneys, for which Mr. Ackerman prepared outlines which were distributed to attendees, including: May 29, 2019: Business Law Spring Meeting of New York State Bar Association .
Liabilities of Individuals for their Business’s Debts”; March 29, 2019: Bankruptcy Law Committee of Nassau County Bar Association.
“Liabilities of Individuals for their Business’s Debts”; October 29, 2004: Eastern District of New York Meeting of Chapter 7 Panel Trustees to EDNY chapter 7 trustees and United States Trustee: “Chapter 7 Trustees on Ethical Dilemmas: Stepping over the Ethical Line, (a) Dealing with Aggressive Debtors/Creditors and (b) Dealing with Attorneys/Professionals who assist clients in transferring non-exempt assets”; August 1993, National Business Institute.
“How to Protect Secured Interests in Bankruptcy in New York”; April 1992, National Business Institute: “Advanced Real Estate Law in New York: Lien and Credit Issues (Both Inside and Outside of Bankruptcy)”; November 1990, Nassau Academy of Law.
“Hands-on Workshop in Bankruptcy Law for Attorneys”; March 1985, Nassau and Suffolk Academies of Law: “Changes under Title III of the Bankruptcy Amendments and Federal Judgeship Act of 1984”; June 1983, Suffolk Academy of Law: 2 different lectures, on “Bankruptcy Jurisdiction Revisited: The Marathon Case” and “The New Bankruptcy Rules”, 1982 – Present
Television Appearances, Bankruptcy Law and other legal issues, CNBC and News 12-Long Island, 1994
Professional Associations and Memberships
American Bankruptcy Institute, Member, 1986 – Present
New York Bar Association, Member, 1986 – Present
Nassau County Bar Association, 1984-present
United States Bankruptcy Court, Eastern District of New York, Member, Panel of Trustees, 1993 – 2012
Free Debt Evaluation