WILMINGTON DELAWARE 19899 | Phone: 302.445.4572| Fax: 302.397.2039 | JBODNAR@BODNARLAW.NET
Solo practitioner whose practice is currently focused on bankruptcy and business dispute resolution.
Representative clients have included Delaware businesses and regional and national entities.
Involved in chapter 11 and 7 bankruptcy proceedings in various capacities, such as a creditor, a debtor or a trustee.
During this period, Mr. Bodnar has been involved in several high profile bankruptcy cases, such as,
American Home Mortgage, New Century, Allen Family Farms, Pilgrim’s Pride, Cagle's and LA Weight Loss.
Joseph J. Bodnar has practiced law for over 25 years, primarily in the area of results-oriented, business matters,
corporate law, commercial law, bankruptcy, and creditors' rights. His focus on commercial matters is directed towards
a business/trade creditor practice encompassing commercial sales and financing.
Admitted to practice in Delaware, New York, Pennsylvania and New Jersey.
Mr. Bodnar’s practice is currently focused on bankruptcy and business dispute resolution.
His clients have included Delaware businesses and regional and national companies involved in chapter 11 bankruptcy matters,
as creditors, debtors, trustees and committees. Since Mr. Bodnar founded his solo practice in 2007,
he has been involved in various capacities effectively supporting profit and budget conscious law firms in high profile bankruptcy cases across the country,
such as, American Home Mortgage, New Century and Kainos Partners in Wilmington, Delaware, LA Weight Loss in Philadelphia and Pilgrim’s Pride in Texas.
Before practicing law on his own, Mr. Bodnar was with the firm of Monzack & Monaco and worked on a number of significant debtor bankruptcies.
In the Summit Metals bankruptcy Mr. Bodnar counseled the court appointed trustee in successfully turning back a competing plan of reorganization
of Summit Metals’ former director and founder which sought to vacate a $40 million judgment obtained against him and related entities.
In the DVI case Mr. Bodnar facilitated in negotiating over one hundred preference suits achieving higher settlements than predicted by DVI’s financial advisors.
And in the American Classic Voyages case Mr. Bodnar, with co-counsel, guided the only American flagged cruise ship company through chapter 11 following the 9/11 terror attacks.
At Monzack & Monaco Mr. Bodnar also negotiated loan workouts for a regional Delaware bank.
Mr. Bodnar has also drafted opinions for third-party commercial loans for real estate projects and
for mergers and sales of assets and numerous related corporate issues.
During the late 1980’s, while associated with the firm of Richards, Layton and Finger,
Mr. Bodnar litigated class actions and derivative cases involving breaches of fiduciary duty
by officers and directors and defended various takeover measures in connection with a flurry
of hostile corporate takeovers in favor at the time.
Mr. Bodnar received his J.D. from New York Law School, New York, New York in 1984 and
his undergraduate degree from Rutgers College, New Brunswick, N.J. in 1979.
After law school, Mr. Bodnar clerked for the Honorable N. Richard Powers in the United States District Court for the District of Delaware.
Mr. Bodnar has been a member of the Delaware State Bar Association, the American Bar Association and the American Bankruptcy Institute.
Mr. Bodnar has served on the Governor’s Advisory Council for Persons with Disabilities (Delaware) and
as President for a local civic organization (The Triangle Neighborhood Association – Wilmington, DE).
While associated with the firm of Richards, Layton and Finger, Mr. Bodnar drafted an annual update
for Delaware’s former Chief Justice E. Norman Veasey’s chapter on Directors and Officers to the
R. Franklin Balotti & Jesse A. Finkelstein corporate treatise, The Delaware Law of Corporations and Business Organizations.
At New York Law School, Mr. Bodnar was an editor of the Journal of International and Comparative Law and
reviewed and commented on one of the first drafts of a comprehensive article written by a then New York Law School student,
William J.H. Hough, III, entitled The Annexation of the Baltic States And Its Effect On The Development Of Law Prohibiting Forcible Seizure Of Territory.
In 1990, this article was reported to “have had a major influence on Baltic independence strategies.”
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