Margery N. Reed
Partner
Duane Morris LLP
30 South 17th Street
Philadelphia, PA 19103-4196
USA
Phone: +1 215 979 1518
Fax: +1 215 689 3834
Email: MReed@duanemorris.com

Margery N. Reed practices in the areas of business reorganization, bankruptcy law, corporate and commercial finance, syndicated loans, insurance insolvency and secured transactions involving securities and asset-based financing. She represents financial institutions, insurance companies and other creditors in bankruptcy cases, debt restructurings and secured transactions, including, most recently, a secured lender in a debtor-in-possession financing, an agent for a lending group, and a special servicer and master servicer for securitized mortgage loans.

Ms. Reed is a fellow of the American College of Bankruptcy, a selective group of the nation's top bankruptcy lawyers.

The Chambers USA: Guide to America's Leading Business Lawyers lists Duane Morris as having one of the top bankruptcy practices in Pennsylvania and recommends Ms. Reed as "highly attuned" to her clients' needs, stating: "Margery Reed, viewed by competitors as 'a terrific advocate for clients,' also has an eye on insolvency law while handling a variety of matters." She also is listed in The Best Lawyers in America in Bankruptcy and Creditor-Debtor Rights Law.

In April 2007, Ms. Reed was profiled by Bankruptcy Law 360 as one of the "Outstanding Women," calling her a "recognized bankruptcy authority." She was named one of the "Women Leaders" in the Legal Intelligencer and Pennsylvania Law Weekly special supplement, "Women in the Profession," 2004.

As past chairperson of the Eastern District of Pennsylvania Bankruptcy Conference, Ms. Reed led an organization of approximately 350 bankruptcy attorneys. Admitted to practice in Pennsylvania and New Jersey, she is a member of the American Bar Association (chairperson of the ABA's Business Bankruptcy - Business Transactions Subcommittee) as well as the Pennsylvania and Philadelphia bar associations. Ms. Reed is a 1982 graduate of Villanova University School of Law and a graduate of Vassar College.

Areas of Practice

• Bankruptcy and Insolvency Law
• Business Reorganization
• Corporate and Commercial Finance
• Insurance Insolvency
• Surety and Other Bonding Claims
• Uniform Commercial Code/Secured Transactions

Representative Matters

• Counsel to property and casualty insurance companies as prepetition and postpetition insurers of large companies in complex chapter 11 cases, including: Delphi Corporation, Delta Air Lines, Inc., Foamex, Inc., Solutia, Inc. and U.S.Airways, Inc.
• Counsel to an insurer with claims against Hatteras Reinsurance, Ltd., a Bermuda-based reinsurance company in proceedings under chapter 15 of the Bankruptcy Code.
• Counsel to an offshore insurance company in the chapter 11 bankruptcy case of a third party claims administrator.
• Counsel to the agent for a bank group providing a letter of credit facility supporting bond financing of a college in out-of-court negotiations and restructuring advice.
• Counsel to the agent for a syndicated lender group in the chapter 11 case of Leap Wireless, Inc.
• Counsel to mortgagees and assignees of leases involving multiple properties in complex retail and other commercial chapter 11 cases, including Federal Mogul, Inc., Heilig-Meyers, Inc., Kmart Corporation, Wickes Holdings, LLC and Wickes Furniture Company, Inc.
• Counsel for a prepetition and post-petition bank lender in the bankruptcy case of Delaware Ribbon Manufacturing, Inc.
• Counsel for the largest creditor in the bankruptcy case of Eagle Land Management, Inc., which owned and operated a landfill in Pennsylvania.
• Counsel to special servicer, trustee and commercial mortgage lenders in all aspects of workouts, financial restructurings and enforcement of remedies.
• Counsel to a privately-held company, advising on restructuring options and negotiating and documenting a credit facility.
• Counsel to a surety company in an out-of-court workout with a construction company which defaulted under payment and performance bonds that were written under a co-surety agreement.
• Provides strategic analysis and creates form documents for secured transactions for financial institutions and insurance companies.
• Advised insurance guaranty fund regarding issues related to insurer's insolvency.
• Advising insurance companies regarding a wide range of bankruptcy issues, including: the automatic stay, assumption/rejection of policies and related agreements, collection of premiums, rights of cancellation and other remedies, preference and other avoidance actions, post-petition insurance, collateral, proofs of claim, treatment of claims and plans of reorganization.

Professional Activities

• Fellow, American College of Bankruptcy
• American Bar Association
  - Chairperson, Business Transactions Subcommittee, 2005-present
  - Vice Chairperson, Business Bankruptcy-Business Transactions Subcommittee, 2002-2005
• Pennsylvania Bar Association
• New Jersey State Bar Association
• American Bankruptcy Institute
• Advisory Board, Views from the Bench, hosted by Georgetown University Law School, 2008-present
• Eastern District of Pennsylvania Bankruptcy Conference
  - Chairperson, 1999-2000
  - Vice Chairperson, 1998-1999
  - Officer, 1995-1998
  - Steering Committee, 1994-1995
  - Co-Chairperson, Education Committee, 1993-1994
• Association of Commercial Finance Attorneys

Admissions

• New Jersey
• Pennsylvania
• Supreme Court of Pennsylvania
• Supreme Court of New Jersey
• U.S. District Court for the Eastern District of Pennsylvania
• U.S. District Court for the District of New Jersey

Education

• Villanova University School of Law, J.D., 1982
• Vassar College, B.A, 1976

Experience

• Duane Morris LLP
  - Board Member, Partners Board, 2002-2009, 2010-present
  - Partner, 1990-present
  - Associate, 1982-1990

Honors and Awards

• Listed in The Best Lawyers in America in the specialties of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Litigation
• Recommended in Who's Who Legal in the practice areas of Insolvency and Restructuring
• Profiled by Bankruptcy Law 360 as one of the "Outstanding Women," April 2007
• Fellow of the American College of Bankruptcy
• Named as a Super Lawyer by Philadelphia magazine, 2004-2013, as well as:
  - Top 50 female lawyers in Pennsylvania, top 100 lawyers in Philadelphia, top 100 lawyers in Pennsylvania
  - Top 100 female lawyers in Pennsylvania
• Listed in Super Lawyers, Corporate Counsel Edition, 2010
• Named one of Corporate Counsel magazine's "Best Lawyers," 2005
• Named one of the "Women Leaders" in the Legal Intelligencer and Pennsylvania Law Weekly special supplement, "Women in the Profession," 2004
• Listed in Chambers USA: America's Leading Lawyers for Business in bankruptcy as well as banking and finance
• Listed in The International Who's Who of Insolvency & Restructuring Lawyers 2009
• Appointed by Chief Judge Edward N. Cahn of the United States District Court for the Eastern District of Pennsylvania to serve on the Lawyers' Local Bankruptcy Rules Advisory Committee, June 1998
• AV® Preeminent™ Peer Review Rated by Martindale-Hubbell

Selected Publications

• Co-Author, "Pennsylvania Adopts New Law Governing the Creation and Perfection of Security Interests in Investment Securities, Dividends, Securities Accounts and Other Investment Property," Pennsylvania Association of Bond Lawyers Update, October 1996

Selected Speaking Engagements

• Speaker and Author, "Is the Bloom Off the Rose? Sales of Substantially All of a Debtor's Assets Prior to Confirmation of a Plan of Reorganization," joint program of The American College of Bankruptcy and the Eastern District of Pennsylvania Bankruptcy Conference, January 23, 2010
• Speaker and Author, The Risk Management Association's Insurance Industry Credit and Risk Management Round Table - Annual Seminars on Structuring Security Arrangements and Managing Risks in an Insurer's Bankruptcy Case
• Speaker, "Enforceability of Prepayment Premiums in Commercial Mortgage Loans," American Bar Association
• Speaker, "Turmoil in Prepayment Land -- What Still Works and What Doesn't," 18th Annual Real Property and Estate Planning Symposia, Washington, D.C., April 26-27, 2007
• Speaker, "BAPCPA - Unsolved Mysteries in Business Bankruptcy Cases," Eastern District of Pennsylvania Bankruptcy Conference, May 2006
• Speaker, "Enforceability of Prepayment Premium Provisions in Mortgage Loan Documents," ABA Business Law Section - Committees on Business Bankruptcy and Commercial Financial Services, Subcommittees on Real Estate Financing and Business Transactions, Nashville, Tennessee, April 2005
• Speaker and Co-author, "Selected Bankruptcy Issues for Insurers to Consider to Minimize the Risks of an Insured's Bankruptcy Filing," Insurance Society of Philadelphia, December 2004
• Speaker and Co-author, "Selected Bankruptcy Issues for a Mortgagee to Consider When a Commercial Tenant Files a Petition for Relief Under the United States Bankruptcy Code," Pennsylvania Bar Institute annual seminar, Philadelphia, Pennsylvania, December 3, 2003
• Speaker and Co-author, "Distinguishing A True Sale From Disguised Financing," Business Transactions Subcommittee of the Business Bankruptcy Committee, American Bar Association, Business Law Section, 2002
• Speaker and Co-author, "Revised Article 9 of the Pennsylvania Uniform Commercial Code - Practical and Hands-On Issues," Lorman Education Services seminar, Philadelphia, Pennsylvania, March 1, 2002
• Speaker and Co-author, "One-sided Carve Outs," National Conference of Bankruptcy Judges, San Francisco, California, October 7, 1999
• Speaker and Co-author, "Litigating in Bankruptcy Court," Pennsylvania Bar Institute seminar, Philadelphia, Pennsylvania, November 11, 1999
• Faculty and Co-author, "The Fundamentals of the Chapter 11 Reorganization Case: Part 1 - Filing & Operations Motions for First Day Orders in a Chapter 11 Case," Pennsylvania Bar Institute's Fourth Annual Bankruptcy Update, August 1999
• Faculty and Co-author, "Fundamentals of Chapter 11 Reorganization Process," Pennsylvania Bar Institute's Third Annual Bankruptcy Update, August 1998
• Faculty and Co-author, "Asset Sales in Bankruptcy," Pennsylvania Bar Institute's Second Annual Bankruptcy Update, August 1997
• Lecturer and Co-author, "Articles 8 and 9 of the Uniform Commercial Code-Investment Securities," American Bar Association, March 1997
• Lecturer and Co-author, "Commercial Law Developments," Pennsylvania Bankers Association - Bank Counsel Round Table, Hershey, PA, September 1996
• Lecturer and Co-author, "Priority and Government Claims Under the Bankruptcy Code," Pennsylvania Bar Institute's First Annual Bankruptcy Update, August 1996
• Lecturer and Co-author, "Article 8 Lien Perfection Issues," The Pennsylvania Bar Association Continuing Legal Education Program, 1995 and 1996