Richard L. Wasserman

Richard focuses his practice in matters involving bankruptcy and bankruptcy-related litigation, creditors' rights, secured transactions, workouts, reorganizations and restructurings. He has been recognized as the 2025 Lawyer of the Year by The Best Lawyers in America in Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation - Bankruptcy in Norfolk. Richard has extensive experience representing clients in major business, commercial and real estate bankruptcy, workout and reorganization matters and has also served as a Chapter 7 and Chapter 11 Bankruptcy Trustee, as a court appointed Examiner and as a mediator in bankruptcy adversary proceedings and claims resolution proceedings. He is available to mediate complex bankruptcy, business and commercial dispute matters.

Richard has also been honored by being selected as a Fellow in the American College of Bankruptcy where he is a Fellow and past member of the Board of Directors.

A wealth of experience with different types of businesses enables Richard to offer clients impressive knowledge together with proven successful performance. Richard's work includes the full range of bankruptcy and workout representation of creditors (secured and unsecured), creditors' committees, trustees, Chapter 11 debtors-in-possession, troubled companies, and prospective purchasers of assets from companies in bankruptcy.

In addition to extensive experience in high profile bankruptcy litigation matters, Richard has experience with real estate, financial products and services, construction, telecommunications, health care, hospitality, retail, marketing, distribution, telemarketing, government contracts and technology companies in bankruptcy and workouts.

Richard also provides experience advising corporate boards on significant reorganization and restructuring alternatives and working together with corporate management and other outside advisors including investment bankers, accountants, and public relations consultants.