About Jessica L. Wasserstrom
Jessica Wasserstrom, of counsel with Meland Russin & Budwick, is a highly skilled corporate bankruptcy and restructuring attorney. She has handled multi-billion dollar corporate restructurings, bankruptcies and complex commercial litigation matters, and has represented debtor, creditor, Chapter 11 trustee and financier interests in cases of major note throughout the United States.
Prior to joining the firm, Mrs. Wasserstrom spent almost 14 years practicing in the Business Finance & Restructuring department at Weil, Gotshal & Manges, LLP. In addition to her legal experience, she has more than five years of experience as a bankruptcy administration consultant, first as Vice President of Wells Fargo’s bankruptcy administration unit, and, most recently, as Assistant Director of Bankruptcy Operations for The Garden City Group, Inc. In that role, she skillfully assisted a myriad of debtor clients with all aspects of pre-bankruptcy planning and case administration, including the preparation of schedules and statements and legal noticing, including that related to publicly held debt and equity, bankruptcy claims analysis and reconciliation, solicitation services, and various cash, securities and other distribution services.
- Georgetown University, J.D., cum laude, 1993
- University of Pennsylvania, B.S.E, magna cum laude, 1990.
- University of Pennsylvania, Wharton School, B.S. Econ, magna cum laude, 1990
- Member, American Bankruptcy Institute (ABI)
- Member, International Women’s Insolvency and Restructuring Confederation (IWIRC)
- Member, Bankruptcy Bar Association, Southern District of Florida
- Board Member & Former Chairman, Brauser Maimonides Academy
- “Compliance with Bankruptcy Rule 9037 and Beyond; The Practitioner’s Duty to Review and Monitor for Protected Personal Information,” ABI Journal, June 2011.
- “The Judicial Search for Objectivity in Valuation,” ABI Journal, June 2007.
- “Court Rejects ‘Creditworthiness’ Adjustment to Calculation of Lease Rejection Damages,” WG&M Bankruptcy Bulletin, Dec. 1998.
- “Ninth Circuit Holds Historical Nonmonetary Defaults Cannot Be Cured,” WG&M Bankruptcy Bulletin Oct. 1997.
Bar and Court Admissions
- Middle District of Florida
- Southern District of Florida
|Bankruptcy and Restructuring, Financial Fraud, Commercial Litigation, Creditors' Rights
||Representation of bankruptcy trustee for two south florida based hedge funds that suffered $1.1 billion in losses in connection with the $3.5 billion Ponzi scheme perpetrated by Thomas J. Petters in Minneapolis, the third largest financial fraud in U.S. history. Prosecuted over 140 adversary proceedings including claims for accountant and attorney malpractice and clawback of fraudulent transfers as well as a $1.1 billion conspiracy claim against one of the nation's largest financial institutions. Representation of client as one of three members of the Petters Company, Inc. Official Committee of Unsecured Creditors in Minnesota.
|Real Estate, Corporate
||Represented private investor in connection with acquisition of several portfolios of triple-net lease restaurant properties located in six states from an institutional Seller and negotiating and closing of CMBS loan as part of transaction.
|Bankruptcy and Restructuring; Commercial Litigation
||Successfully reorganized a 147-unit condominium hotel in South Florida in a chapter 11 reorganization proceeding. Successfully negotiated with multiple levels of secured and unsecured creditors to obtain a highly favorable result.
|Bankruptcy and Restructuring
||Represented Miami-based company in the fire protection and electric services industry in the sale of their business via a chapter 11 proceeding. Successfully preserved the value of the assets and the jobs of more than 70 employees.