Shira Isenberg, Smith, Gambrell & Russell, LLP Photo

Shira R. Isenberg

Partner

About Shira

Shira Isenberg has significant experience in all aspects of complex bankruptcy and out-of-court workout matters. Prior experience has led to significant expertise in the representation of chapter 11 debtors, creditors’ committees, secured lenders and liquidating trustees, giving her a well-rounded practice.  Shira has been involved in every size of bankruptcy case, from subV small business cases to mega cases.

In addition to her experience with bankruptcy and restructuring matters, Shira also handles white-collar fraud matters.  These types of matters include avoidance actions seeking to recover false profits in large Ponzi schemes and post-judgment asset recovery where judgment debtors have sought to conceal their wealth from creditors.

Shira received her B.A. from the University of California, Berkeley with high distinctions and was a member of Phi Beta Kappa. She received her J.D. from the University of California, Los Angeles, where she was the Chief Managing Editor of the UCLA Law Review.  While in law school, Shira served as a Judicial Extern to the Hon. Barry Russell, U.S. Bankruptcy Court, in Los Angeles, California.

Representative Matters

  • Represented a large international public company in bankruptcy litigation in the United States, resulting in a favorable settlement.
  • Represented plaintiff bankruptcy trustee in the investigation and prosecution of complex claims in connection with a multi-billion dollar Ponzi scheme resulting in substantial settlements.
  • Represented the state-court appointed receiver in a domestic relations case spanning ten years and which involved millions of dollars of attorney’s fees; within days of the receiver’s appointment, significant support funds were secured for the benefit of the minor children.
  • Represented a bank with respect to several post-judgment matters, which involved years of litigation and avoidance actions and multiple bankruptcy filings by the judgment debtors.
  • Represented numerous creditors’ committees, including:
    • Official Committee of Unsecured Creditors of Cardiac Science Corporation (Bankr. W.D. Wis.)
    • Official Committee of Unsecured Creditors of Gas-Mart USA, Inc., et al. (Bankr. W.D. Mo.)
    • Official Committee of Unsecured Creditors of Gulf Packaging, Inc. (Bankr. N.D. Ill.)
    • Official Committee of Unsecured Creditors of PRM Family Holding Company, L.L.C., et al. (Bankr. D. Ariz.)
    • Official Committee of Unsecured Creditors of Wagstaff Minnesota, Inc. (Bankr. D. Minn.)
    • Official Committee of Unsecured Creditors of broom purveyor Harper Brush Works (Bankr. S.D. Iowa)
    • Official Committee of Unsecured Creditors of R.T. Midwest Holdings, Inc. (Bankr. D. Minn.)
    • Official Committee of Unsecured Creditors of RWJ Management Co. and its affiliated debtor entities (Bankr. N.D. Ill.)
    • Official Committee of Unsecured Creditors in In re Giordano’s Enterprises, Inc. (Bankr. N.D. Ill.)
    • Official Committee of Unsecured Creditors in In re Schwab Industries, Inc., et al. (Bankr. N.D. Ohio)

Credentials

Education

J.D., University of California, Los Angeles

B.A., University of California, Berkeley, with high distinctions

Admissions

  • Illinois
  • United States Court of Appeals for the Seventh Circuit
  • United States District Court for the Northern District of Illinois

Organizational Involvement

Professional

Turnaround Management Association, Chicago/Midwest Chapter

Thought Leadership

Co-author, "Clarity in Gifting Doctrine Is Elusive," The Journal of Corporate Renewal (April 2011).

Co-author, "Last in Line: Landlords Use Letters of Credit to Bypass the Claim Cap of § 502(b)(6)," American Bankruptcy Institute Journal (Dec./Jan. 2002).

Co-author, "Post-Petition Financing," Chapter 12, Business Bankruptcy Practice - IICLE (2006).

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