• Nathaniel Allard works on corporate restructuring and bankruptcy matters. As a member of the core bankruptcy team, Nate recently assisted in the representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of Express, Forever 21, Hexion and Toys “R” Us.

    Nate also assisted in the representation of an ad hoc group of institutions holding approximately $3.6 billion in first-lien bonds issued by Caesars Entertainment Operating Co. (owner and operator of Caesars Palace and 30 other casinos and resorts under the Bally’s, Harrah’s and Horseshoe brands, among others) in connection with the bankruptcy of the company.

    Nate assisted in the representation of the Official Committee of Unsecured Creditors in the bankruptcy of Residential Capital, a wholly owned subsidiary of Ally Financial Inc. the largest bankruptcy of 2012. Post-confirmation, Nate assists in representing of the ResCap Liquidating Trust in connection with the resolution of disputed claims and advises on general corporate matters.

    Experience

    • Express, Inc. – Assisting in the representation of the Official Committee of Unsecured Creditors of Express Inc., which filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware on April 22, 2024.

    • Valaris plc Representation of a bondholder group with over $3.7 billion of bond debt in negotiations with Valaris plc to restructure its balance sheet. Valaris (one of the largest oil rig owning companies in the world) filed for bankruptcy on Aug. 19, 2020, in the Southern District of Texas with over $7 billion of financial debt, including approximately $6.5 billion in bond debt and an approximately $600 million drawn revolver.   The bondholder group negotiated and agreed with Valaris prior to the bankruptcy filing on a Restructuring Support Agreement providing for the conversion of all Valaris’ debt to equity pursuant to a chapter 11 plan of reorganization, in a deal supported by over 70% of Valaris’ bond debt.  The bondholder group also agreed to provide $500 million in DIP Financing, which was approved by the Bankruptcy Court following a contested two-day trial.

    • Forever 21 – Representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of Forever 21 and certain of its direct and indirect subsidiaries. The company is an international retailer of “fast fashion” and a well-known brand.

    • Hexion Inc. – Assisted in the representation of the official committee of unsecured creditors of Hexion Inc. Burdened by approximately $3.8 billion of debt, near-term maturities and liquidity issues, the company sought Chapter 11 protection in federal court in Wilmington, DE, on April 1, 2019, with an RSA supported by various secured and unsecured noteholder groups.

    • Toys “R” Us  Assisted in the representation of the Official Committee of Unsecured Creditors in the bankruptcy cases of Toys “R” Us Inc. and certain of its direct and indirect subsidiaries. The company is the world’s leading dedicated toy and baby products retailer, with nearly 65,000 employees worldwide and approximately 1,900 locations in 38 countries. Burdened by more than $5 billion of financial debt, the company sought Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, on Sept. 18, 2017. 

    • Caesars Entertainment – Assist in the representation of an ad hoc group of institutions holding approximately $3.6 billion in first-lien bonds issued by Caesars Entertainment Operating Co. (owner and operator of Caesars Palace and 30 other casinos and resorts under the Bally’s, Harrah’s and Horseshoe brands, among others) in connection with the bankruptcy of the company.

    • Residential Capital – Assist in the representation of the Official Committee of Unsecured Creditors in the largest bankruptcy of 2012. The committee played a key role in the process of selling ResCap’s residential mortgage servicing and origination business and its loan portfolio and also led the negotiation of a $2.1 billion settlement between Ally Financial, ResCap and its major creditor constituencies. The Chapter 11 plan, co-proposed by the committee, was confirmed after a two-phase trial lasting more than ten days.

    • Residential Capital – Assist in the representation of the ResCap Liquidating Trust in connection with the resolution of disputed claims and advising on general corporate matters post-confirmation.

    Credentials

    Education

    • J.D., Columbia Law School, 2012
      • Harlan Fiske Stone Scholar
      • Staff Member, Columbia Business Law Review
      • American Constitution Society Moot Court Competition
    • A.B., Princeton University, 2002

    Bar Admissions

    • New York, 2013