Bennett L. Spiegel

Bennett L. Spiegel

Los Angeles


Phone +1 310 785 4603

Fax +1 310 785 4601


Practice groupCorporate & Finance

Bennett Spiegel has advised debtors, creditors, creditors' committees, bondholders, trustees, and asset purchasers in complex restructurings and Chapter 11 bankruptcies for over three decades.

Bennett represented the largest bondholder in the Chapter 11 cases of Stearns Holdings and its affiliates in New York where, after negotiating a restructuring support agreement, the bondholders voted unanimously to accept the confirmed plan.

Bennett recently represented All American Oil & Gas and its affiliates as debtors in confirming their Chapter 11 plan in San Antonio. He previously represented Royal Bank of Scotland in the Thornburg Mortgage Chapter 11 cases in Baltimore, where he settled claims exceeding US$500 million asserted by the Chapter 11 trustee for less than five percent of the amount asserted after nine years of litigation.

Before he joined the firm, Bennett's successes included representing Dignity Health as joint venturer with certain debtors in the Adeptus Chapter 11 cases in Dallas; representing Los Angeles-based Relativity Media in its television business Section 363 sale and confirmation of its Chapter 11 reorganization plan around its film business in New York, reducing debt by over US$600 million; and plan confirmation in MF Global creditor plan proponents for over US$1 billion and dismissal of claims seeking US$4.3 billion from Adelphia non-agent secured lenders. He successfully represented Greenwich Capital against the ABFS Chapter 7 trustee seeking more than US$100 million in which summary judgment was entered against the trustee on all claims. He advised Greenwich Capital in its US$500 million, US$215 million, and US$100 million DIP financings of ABFS, Oakwood Homes, and New Century Financial. Other Chapter 11 creditor matters include lead trial counsel for the creditors' committee plan proponent in the US$600 million Reed Slatkin Ponzi scheme case, asset purchaser Morgan Creek, and Mötley Crüe in its lead singer's bankruptcy.

Awards and recognitions


Bankruptcy/Restructuring (California)
Chambers USA


Bankruptcy: Business
Southern California Super Lawyers


Finance: Restructuring (including bankruptcy), Recommended
Legal 500 US

Education and admissions


J.D., Yale Law School, 1984

M.B.A., Yale School of Management, 1983

B.A., Rutgers, The State University of New Jersey, Rutgers College, with highest honors, 1980


American Bankruptcy Institute

Los Angeles Bankruptcy Forum

Financial Lawyers Conference

The Bankruptcy Strategist, Editorial Board

Bar admissions and qualifications



District of Columbia

New York

New Jersey

Related industries

Financial Institutions

Representative experience

Representation of All American Oil and Gas Inc. in its Chapter 11 bankruptcy filing, currently pending in the Bankruptcy Court for the Western District of Texas.

Represented a holder of a majority in principal amount of notes issued by mortgage origination company Stearns Holdings in connection with its Chapter 11 case.

Represented Relativity Media, LLC and many of its affiliates through a Chapter 11 proceeding in bankruptcy and confirmed its plan of reorganization.*

Represented an ad hoc group of financial institutions holding more than US$1.6bn in claims in the Chapter 11 bankruptcy cases of MF Global Holdings Ltd. and its related debtors.*

Negotiated and documented the out-of-court restructuring of obligations for an acute care hospital, reducing projected debts by over US$155m and avoiding a Chapter 11 filing.*

Obtained the dismissal of 22 out of 31 claims for The Royal Bank of Scotland Plc filed by the Chapter 11 Trustee in the Chapter 11 case of Thornburg Mortgage, Inc.*

Represented Sprint Nextel Corporation with respect to the out-of-court restructuring and equity raise of Clearwire Corp. and Clearwire LLC.*

Represented East West Bank, one of the largest independent commercial banks in California, in its successful appeal of Ravello Landing's confirmation order.*

Represented a Starwood Capital-led consortium in restructuring over US$300m of debt related to the recapitalization of Terranea Resort in California.*

Represented Daughters of Charity Hospital System in its efforts to acquire Downey Regional Medical Center, a Chapter 11 debtor, through a plan of reorganization.*

Represented approximately 400 lending institutions (Non-Agent Lenders) in the Adelphia Communications bankruptcy case.*

Represented the Chapter 11 debtor in the US$385m sale of Leiner Health Products.*

Represented the Chapter 11 debtor in Calpine's disposition of US$1bn+ in power plants.*

Represented the Chapter 11 debtor in developing a reorganization plan for W.R. Grace.*

Represented the Chapter 11 debtor in selling Cable & Wireless USA for multiples of the stalking-horse bid.*

Represented the Chapter 11 debtor in confirmed reorganization plan for actress Zsa Zsa Gabor.*

Advised Greenwich Capital in its US$500m, US$215m, and US$100m DIP financings of ABFS, Oakwood Homes, and New Century Financial.*

Acted as lead trial counsel for the creditors' committee plan proponent in the US$600m Reed Slatkin Ponzi scheme case.*

Represented asset purchaser Morgan Creek.*

Represented the Mötley Crüe band and its members as creditors in the bankruptcy of its lead singer.*

Represented Creditors Committee in Chapter 11 cases of land developer Bruce Elieff and six entities, successfully subordinating claim of senior secured creditor under Bankruptcy Code § 510(b).

*Matter handled prior to joining Hogan Lovells.

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