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William J. Burnett

William J. Burnett concentrates his practice in bankruptcy, reorganizations and workouts. He is past chair of Flaster Greenberg’s Bankruptcy, Financial Restructuring and Risk Management Department, and also serves as Deputy Ethics Attorney for the firm.

He represents clients in all areas of Chapter 7 and Chapter 11 bankruptcy proceedings, creditor’s rights and corporate liquidations. In addition, he counsels debtors on the advantages and disadvantages of Chapter 11 and the rights and remedies of creditors and unsecured creditors' committees in the Chapter 11 process. His representations include financially distressed companies, creditors' committees, trustees, plan administrators, secured and unsecured creditors, Chapter 7 trustees, Chapter 11 debtors-in-possession, landlords, equipment lessors, asset purchasers, and preference plaintiffs and defendants.  

Mr. Burnett has been an adjunct professor at the Temple University Beasley School of Law for the Integrated Transactional Program since 2006, and holds board seats for the Consumer Bankruptcy Assistance Project and the Philadelphia Chapter of the Turnaround Management Association, where he previously served as secretary. Mr. Burnett is also past president of the Board of Directors of Greene Towne Montessori School in Philadelphia.

Dedication to the community is evident in Mr. Burnett's pro bono representation, which includes assisting underprivileged individuals with Chapter 7 bankruptcy cases through Consumer Bankruptcy Assistance Project. Additionally, he was recently selected to join COMPASS for the 2016 - 2017 project year, an organization that provides strategic consulting services to nonprofits in the Greater Philadelphia area. 

Representative Matters

Delaware Matters

  • InaCom Corp. - Counsel to Creditors' Committee and Plan Administrator
  • American Nursing Services, Inc., et al. - Counsel to Chapter 7 Trustee
  • Jane Cosmetics, Inc. - Counsel to Creditors' Committee
  • Aphton Corporation - Counsel to Creditors' Committee
  • Elrod Holdings Corp., et al. - Counsel to Chapter 7 Trustee
  • Bernard Technologies - Counsel to Creditors' Committee & Chapter 7 Trustee
  • ViaShow, Inc. et al - Counsel to Chapter 7 Trustee 
  • Alliance Bancorp - Conflicts Counsel to Chapter 7 Trustee
  • Pillowtex - Conflicts Counsel to the Creditors' Committee

Matters In Other Jurisdictions

  • North American Specialty Glass, LLC - Counsel to Chapter 7 Trustee
  • Digital Ingenuity, Inc. - Counsel to Chapter 11 Debtor
  • Glyn Richards and All Freights Logistics - Counsel to Chapter 7 Trustee
  • Playmore, Inc. - Counsel to Creditors' Committee
  • Fluortek, Inc. - Counsel to Creditors' Committee
  • Noonoo Rug Co, Inc. - Counsel to Creditors' Committee
  • South Shore Ford, Inc. - Counsel to Chapter 7 Trustee
  • Merco Joint Venture, LLC - Creditors' Committee Special Counsel
  • Voegele Mechanical, Inc. - Counsel to Disbursing Trustee 
  • North American Royalties/Wheland - Counsel to Creditors' Committee
  • A billion-dollar steel scrap processor, broker and industrial outsourcing servicer as a creditor and supplier in multiple bankruptcy cases nationwide
  • A Fortune 100 diversified worldwide travel, financial and network services company as a major creditor in bankruptcy cases throughout the country
  • Selected as a 'Leader in the Field' of Bankruptcy/Restructuring, Pennsylvania, Chambers & Partners USA, 2015 - 2018
    • 2017: "A very even-tempered fellow, able to bring parties together."
    • 2016: "A very strong practice leader who is building a very fine bankruptcy and restructuring business - he is distinguished by his even strain and high intellect." 
    • 2015: "Practical, hard-working and very creative in his thinking." 
  • Named a Pennsylvania "Super Lawyer," 2010 - 2018, by Thomson Reuters, publishers of Pennsylvania Super Lawyers
  • Award the Transaction of the Year Award by the Turnaround Management Association for his role in the Chapter 7 transaction of North American Specialty Glass
  • Named to the "Legal Elite" list by SmartCEO Magazine, 2010

A description of the standard or methodology on which the accolades are based can be found here. No aspect of this advertisement has been approved by the Supreme Court of New Jersey. 

  • Turnaround Management Association (Philadelphia Chapter)
    • Board Member
  • Consumer Bankruptcy Assistance Project
    • Board Member
  • Eastern District of Pennsylvania Bankruptcy Conference
  • Delaware Bankruptcy American Inn of Court
  • American Bankruptcy Institute
  • National Association of Credit Management
  • Greene Towne Montessori School (Philadelphia, PA)
    • Member, Board of Directors, 2006 – 2014
    • President, Board of Directors, 2010 – 2012
    • Vice President, Board of Directors, 2009 – 2010

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Industry Groups

Admissions

  • Delaware
  • New Jersey
  • Pennsylvania

Education

  • Temple University Beasley School of Law, J.D., cum laude
    • Member, Moot Court Honor Society
    • Articles Editor, Temple Political and Civil Rights Law Review
    • American Bankruptcy Law Journal Prize, Chapter 11 Corporate Reorganization
    • American Jurisprudence Award, Legal Writing and Research
  • University of Connecticut, B.A., Philosophy