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Joseph J. DiPasquale

Joseph J. DiPasquale concentrates his practice in the areas of corporate restructuring, complex bankruptcy, debtor/creditor rights, corporate transactional and commercial litigation.

He has over 20 years experience representing, in particular, debtors, chapter 11 and 7 trustees, receivers, assignees, creditors’ committees, equity holders, secured creditors, private equity/hedge funds,  and other parties in various high stakes insolvency proceedings.  Mr. DiPasquale represents clients from a broad range of industries including healthcare, hospitality, energy, real estate, distribution, manufacturing, finance, and retail.

Mr. DiPasquale has served as lead counsel, a trusted advisor, strategist, and a fiduciary in notable chapter 11 cases including:

  • Mr. DiPasquale serves as lead bankruptcy counsel to the official committee of unsecured creditors in the chapter 11 proceeding of Mountain Creek Resorts, Inc.
  • Mr. DiPasquale represents Gracious Home and certain of its affiliates in their chapter 11 proceeding pending in the United States Bankruptcy Court for the Southern District of New York. Gracious Home is a well known retailer of high end housewares and home furnishings at various locations in Manhattan with over $60 million in revenue. Mr. DiPasquale discussed the Gracious Home chapter 11 bankruptcy case in the February 1, 2017 issue of The Wall Street Journal and in the February 13, 2017 issue of Law360.
  • Mr. DiPasquale represented Hudson Healthcare, Inc. (HHI), a not-for-profit management company that operated Hoboken University Medical Center (HUMC) in its chapter 11 proceeding.  HHI had annual revenues of over $120 million, several hundred contracts and leases, and over 1,400 employees and physicians.  The United States Bankruptcy Court for the District of New Jersey approved the sale of HHI’s assets, which ultimately allowed the consummation of the sale of HUMC’s assets.  The sales preserved over 1,200 jobs, ensured continued access to a full-service acute care facility for the residents of City of Hoboken and surrounding community, and relieved the City of its guarantee of over $52 million in bonds.  Mr. DiPasquale discusses Hudson Healthcare, Inc. and non-profit hospitals in the July 30, 2012 issue of The Daily Deal.
  • Mr. DiPasquale served as lead special bankruptcy transactional counsel for Kara Homes, Inc. and its 54 affiliates in its chapter 11 reorganization proceeding.  Kara had sixteen (16) senior lenders, all holding mortgages on separate developments.  As special transactional counsel, Mr. DiPasquale negotiated the both private and public sale of many developments and DIP financing which ultimately lead to the confirmation of Kara’s plan of reorganization.  Prior to the chapter 11 proceeding, Kara generated approximately $300 million in revenues and was one of New Jersey’s largest home builders.
  • Mr. DiPasquale served as lead bankruptcy counsel for the Official Committee of Unsecured Creditors in the chapter 11 proceeding of East Orange General Hospital.
  • Mr. DiPasquale represents one of the “Big Four” auditors and international accounting firms in retention and fee related issues on a national level.
  • Mr. DiPasquale serves as lead special litigation counsel for Dots, LLC in its chapter 11 proceeding to pursue and litigate hundreds of preference actions. Dots owned over 350 stores specializing in discount women’s fashion.
  • Mr. DiPasquale served as the chapter 11 trustee for 71 Clinton, Inc., in the bankruptcy estate’s sale of an apartment building located in the Lower East Side of Manhattan for approximately $16 million.  Mr. DiPasquale resolved certain environmental and other issues complicating the transaction.
  • Mr. DiPasquale currenty serves as the independant director of The Chia Co. 

In May 2016, Mr. DiPasquale was recognized as a leader in his field by “Chambers USA 2016”: America’s Leading Lawyers for Business.  Clients described him as “seasoned,” “polished,” having “creative solutions,” and a “very solid, hard worker with good business judgment.” 

From 2008 through 2017, Mr. DiPasquale was named a “New Jersey Super Lawyer” by New Jersey Monthly Magazine.  In 2016 and 2017, Mr. DiPasquale was named to the “New Jersey Top 100” list by Super Lawyers.

Joseph J. DiPasquale was selected by The Best Lawyers in America 2016 and 2017 Editions as one of the “Best Lawyers” in the practice areas of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law.

From 2008 through 2017, Mr. DiPasquale has been awarded an AV rating, recognizing very high to preeminent legal ability and professionalism, by LexisNexis Martindale-Hubbell, the leading directory of legal professionals.

In 2012 and 2013, Joseph DiPasquale was selected by American Lawyer Media and Martindale-Hubbell as a “Top Rated Lawyer” in the area of Commercial Bankruptcy Creditor-Debtor Rights.

In 2007, Mr. DiPasquale was named a “Top 40 Under 40” Attorney by The New Jersey Law Journal.

In addition, in 2006 and 2007, he was named a “New Jersey Rising Star” by New Jersey Monthly Magazine.

Mr. DiPasquale is a Contributing Author of the New Jersey Bankruptcy Manual (3rd Edition, 2014 and 2nd Edition, 2006, ICLE); he co-wrote the chapter entitled “Retention and Compensation.” Also, he has served as Editor of the New Jersey State Bar Association Bankruptcy Law Section Newsletter, and has lectured on bankruptcy and tax issues.

In 1994-95, Mr. DiPasquale served as the law clerk for the Honorable William F. Tuohey in the United States Bankruptcy Court for the District of New Jersey.

From 2009 through 2014, Mr. DiPasquale served as a member on the Managing Board of Directors of Team Capital Bank (TCB), which had 13 branches and loan offices located in New Jersey and Pennsylvania and over $900 million in assets.  Mr. DiPasquale was also chair to the Bank’s Risk Committee and was involved in the merger of TCB into Provident Financial Services (Provident Bank) a publicly traded company, which transaction closed in June 2014.

In 1994, Mr. DiPasquale was appointed to the New Jersey Criminal Disposition Commission by Governor James Florio. From 1994 through 1997, he was a principal of NJ Lenders Corp., one of the largest mortgage banking firms in New Jersey.

Mr. DiPasquale has served on the Board of Directors for the New Jersey Friends of Roger Williams School of Law Foundation and Fundraising Committee of Community Food Bank of New Jersey.

Mr. DiPasquale is a Trustee of the Association of the Federal Bar of New Jersey, a Member of the Association of Insolvency & Restructuring Advisers, the National Association of Bankruptcy Trustees, the American Bankruptcy Institute, the Turnaround Management Association, the New York Institute of Credit, the New Jersey State Bar Association Bankruptcy Section, the Morris County Bar Association, and a Director on the Board of Cornerstone Family Programs.