This document summarizes the post-confirmation bankruptcy services provided by Pachulski Stang Ziehl & Jones LLP (PSZJ), the largest bankruptcy firm in the US. It describes their expertise in areas like avoidance/preference analysis and litigation, claim reconciliation and litigation, asset recovery and liquidation, asset sales, and wind downs. It highlights their proprietary software and unique litigation approaches. It also provides brief biographies of four partners in the firm's Post Confirmation Group and lists some representative matters they have handled.

1. “The nation’s largest
bankruptcy firm.”
The American Lawyer
“2014 Tier One
Bankruptcy Firm”
U.S. News &World Report
“One of the largest and
most highly regarded
bankruptcy practices in
the nation.”
Los Angeles &
San Francisco Daily Journal
“2012 Law Firm of
the Year”
The M&A Advisor
“The nation’s largest
bankruptcy firm.”
The American Lawyer
www.pszjlaw.com
Pachulski Stang
Ziehl & Jones LLP
Post Confirmation
Group

2. AVOIDANCE/PREFERENCE
ANALYSIS & LITIGATION
PSZJ is well equipped to analyze and pursue avoidance
claims, having done so for tens of thousands of such claims
on behalf of debtors, committees, trustees, liquidation/
post confirmation trusts and defendants, from “mega
cases” to smaller, individual matters. Each member of
our Post Confirmation Group possesses 15 to 30 years of
bankruptcy litigation experience.
• We have culled the Firm’s extensive knowledge and
experience into proprietary preference analysis
software and techniques to implement a unique
litigation approach.
• Rather than the cookie-cutter, or “percentage-
discount,” approach used by many firms handling
avoidance cases in volume, we analyze each avoidance
action or litigated claim to devise the most sensible
approach. We then recommend an original plan for
pursuit and possible settlement.
• As a pioneer in the mediation of preference actions,
PSZJ has worked with numerous courts to implement
a mandatory mediation procedure to facilitate the
prompt and inexpensive resolution of the vast majority
of avoidance actions.
• When litigation through discovery and trial is the best
or only option, we bring the confidence and know-how
to succeed. Most other avoidance and claims litigators
have little, if any, discovery and trial experience.
• The end result: with greater efficiency, we achieve
larger net recoveries, particularly in cases with
numerous claims and avoidance matters, than firms
with less experience in this area of the law.
CLAIM RECONCILIATION & LITIGATION
Based on its extensive debtor and creditor committee practice, PSZJ has handled
objections to tens of thousands of claims in a wide variety of industries. Consequently,
the Firm’s attorneys have great experience with the business, financial and legal issues
faced in claim reconciliation efforts, which serve to expedite the claims resolution
process. Across its four offices, PSZJ has several attorneys dedicated to claims
reconciliation efforts.
Again, when litigation is required, we litigate through discovery and trial with the
confidence and know-how to succeed. PSZJ has a stable of experienced litigators
prepared to handle small to very complex claims litigation.
ASSET RECOVERY & LIQUIDATION
Recovering assets for the benefit of the estate is an essential objective for all parties
in a bankruptcy. Recovering these assets creates a smoother path to resolution and
mitigates financial losses. We investigate all areas to recover assets; are familiar with
the necessary parties, professionals, and processes; and always hold in appropriate
balance the aggregate amount we can recover for the estate and the cost to collect it.
ASSET SALES
The reality of chapter 11 practice is that most cases involve the sales of some assets,
both tangible and intangible. Often, the sales are not as straightforward as they
might first appear. A host of interests are at play that may lead to bid procedures
and marketing engineered to achieve one side’s goal. PSZJ’s extensive experience
representing debtors and creditor committees translates into an effective and efficient
approach to post confirmation asset sales, and the legal expertise to consider all
underlying issues and draft the requisite sale documents.
WIND DOWNS
PSZJ lawyers are prepared to advise and assist the client in handling all administrative
aspects of winding down and finalizing a bankruptcy, including distributions to
creditors and liquidating trust termination.
Pachulski Stang Ziehl & Jones (“PSZJ”), the nation’s leading corporate restructuring boutique, has a 30-year track record of
successfully crafting, implementing and winding down reorganization plans. Whether representing the interests of creditors or
debtors, our bankruptcy expertise allows us to quickly identify the pressure points that will produce an optimal result.
Both as a complement to its pre-confirmation efforts and as an independent practice, the Firm has a core strength in the entire
spectrum of post confirmation activities, including avoidance analysis and litigation, claim reconciliation and litigation, asset
recovery & liquidation, asset sales, and wind downs. We are especially adept at maximizing collections while minimizing costs
for the benefit of the estate, with great success in increasing dividends to creditors.
Representative Matters
• Circuit City Stores, Inc. The Firm represents the liquidating trust
of this well known national electronics retailer based in Richmond,
Virginia, and is acting as post confirmation general counsel, as well
as litigating thousands of claim objections and over 500 preference
actions.
• Inacom, Inc. The Firm represented the liquidating trust of this large
computer software and analytics firm based in Alpharetta, Georgia,
and acted as post confirmation general counsel, and litigated
hundreds of claims objections and preference actions.
• Breed Technologies. The Firm represented this pioneering air
bag inflator manufacturer based in Lakeland, Florida, and litigated
hundreds of claims and avoidance actions.
• AmeriServe Food Distribution. The Firm represented the post
confirmation trust of this major national food distribution firm
located in Dallas, Texas, and litigated thousands of claims and
avoidance actions.
• HomePlace of America. The Firm represented the liquidating trust
of this major SouthEast regional home goods retailer, and litigated
hundreds of claims and avoidance actions.

3. Andy Caine
Andy Caine, a senior partner at the firm, manages PSZJ’s Post Confirmation Group. Andy has more than
25 years of experience in bankruptcy and business litigation matters in courts across the country, and
is a frequent lecturer on related topics. Andy is the former President and Chairman of the American
Bankruptcy Institute, the nation’s largest insolvency organization with over 12,000 members. He is a
member of the Delaware Bankruptcy Court Mediation Registry.
Jason Pomerantz
Jason Pomerantz has a proven track record of maximizing recoveries for creditor committee clients, such
as Glazed Investments (Krispy Kreme), Commissary Operations, Tom’s Foods, Empire Beef and Souper
Salad. He is a member of the Central District of California Bankruptcy Court mediation panel.
Steve Kahn
Steve Kahn specializes in civil and commercial litigation in the bankruptcy, federal and state courts. He
has substantial experience representing debtors, bankruptcy trustees, creditors and creditors’ committees
in all aspects of civil litigation, including the prosecution and defense of claims relating to fraud,
preferential transfer, fraudulent conveyance, and other complex claims across a broad range of industries.
Jeff Nolan
Jeff Nolan litigates to recover debtor assets in district and bankruptcy courts throughout the country
for clients such as Ameriserve, Inacom Communications, Bugle Boy Industries, Foss Manufacturing,
Murray Inc., Future Media Productions and Le-Nature’s Inc. He has defended numerous corporations and
individuals in avoidance claims and business disputes in state and federal court, including Holiday Inn,
Paxton Automotive Industries, Lippert Components and Kinro Companies. He is a judicial settlement
officer for the Los Angeles County Court system.
Core Post Confirmation Group Attorneys

4. Bottomline:ThecombinationofPSZJ’sexperience,efficiencyandqualityleadstomore
valueviahighernetrecoveries.
The Nation’s Leading Corporate
Restructuring Boutique
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