Leland is a Shareholder and Co-Chair of the Bankruptcy and Restructuring Practice at Maynard Cooper. Leland assists creditors, debtors, committees and fiduciaries in a wide range of complex disputes and distressed relationships. He represents financial institutions, indenture trustees, trade creditors, insurers, receivers, trustees and investors in bankruptcy, commercial litigation and extra-judicial proceedings.
Leland often helps stakeholders in Chapter 11 restructurings across the United States, and he has experience in all areas of bankruptcy and insolvency. He frequently represents clients in the purchase and sale of assets in bankruptcy and receiverships, extending post-petition financing and litigating preferential transfer and avoidance proceedings in bankruptcy.
In addition, Leland has a wide range of experience with matters involving complex financing structures and unique restructuring issues, including healthcare, public finance, tax credit investments, derivatives, factoring and asset-based loans and credits with unique or problematic assets including long term care facilities, landfills, airplane hangars, shipbuilding dry docks and antique cars.
Leland’s talents have earned him recognition in Chambers USA in the area of Bankruptcy/Restructuring. He was also selected by the American Bankruptcy Institute as one of the 2018 “Top 40 Under 40” leaders in the United States in the Insolvency Practice. In addition, he is regularly listed in The Best Lawyers in America© in the area of Bankruptcy Litigation and in Super Lawyers in the field of Bankruptcy: Business.
- Represented sewer bond liquidity provider in Jefferson County’s $3.2 billion Chapter 9 bankruptcy, the largest Chapter 9 filing in history at the time.
- Counsel to the successful purchaser of a manufacturing business with a $15 Million purchase price, navigating a highly competitive auction and bankruptcy sale process, addressing complicated hurdles like WARN Act claims and objections and protests by union employees.
- Represented stalking horse purchaser in $10 Million acquisition of oil and gas assets in In re New Source Energy in Delaware bankruptcy court.
- Represented stalking horse purchaser in the acquisition of multiple grocery stores in In re American Consumers, Inc. in the U.S. Bankruptcy Court for the Eastern District of Tennessee.
- Represented purchaser of multiple grocery stores in In re Southeastern Grocers (Winn Dixie) bankruptcy in Delaware bankruptcy court.
- Lead counsel to national investment bank in the defense of successor liability and fraudulent transfer claims in excess of $24 Million asserted by a Virginia bankruptcy trustee.
- Counsel to federal receivers and bankruptcy trustee of affiliated skilled nursing facilities in Alabama and Texas with over 330 beds, preserving and liquidating assets and successfully pursuing and resolving claims against former owners/operators.
- Counsel to unsecured creditors committee of a bankrupt pediatric home healthcare provider in Memphis, Tennessee, negotiating a joint plan with the Debtor that paid all unsecured creditors in full, with interest.
- Lead insolvency counsel for national for-profit college system in its acquisition of a large, for-profit college system in a Missouri state court receivership proceeding.
- Lead insolvency counsel to Alabama nonprofit college in the orderly wind down of operations and insolvency proceedings.
- Represented financial institution in multiple lawsuits and workouts involving $50 Million in variable rate demand notes combined with interest rate swaps.
- Served as lead insolvency counsel to Indenture Trustee and bondholders in the workout and litigation of over $25MM in bond issuances backed by special assessment improvement districts.
- Represented large trade creditor in negotiations and continued provision of services in In re Westinghouse Electric Co. in the U.S. Bankruptcy Court for the Southern District of New York.
- Represented foreign technology company in the acquisition of assets of a U.S. technology company through UCC foreclosure.
- Represented multiple low income housing tax credit investors in the workout of distressed projects in Tennessee and Alabama.
- Represented bondholder in restructuring of $7.8 Million in bonds issued by 501(c)(3) nonprofit organization based in Louisiana.
- Chambers USA: Leading Practitioner in the area of Bankruptcy/Restructuring (2018-Present)
- American Bankruptcy Institute’s “Top 40 Under 40” (2018)
- The Best Lawyers in America© for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2019) and Litigation: Bankruptcy (2018-present)
- Mid-South Super Lawyers “Rising Star” in Bankruptcy: Business (2016-Present)
- Alabama Super Lawyers “Rising Star” in Bankruptcy: Business (2014-2015)
Leland's Affiliations and Civic Involvement
- Chairman, 2016-2017, Alabama State Bar Bankruptcy & Commercial Law Section
- President, 2018, Turnaround Management Association, Alabama Chapter
- Alabama Law Institute Committee on Uniform Fraudulent/Voidable Transfer Laws
- Alabama Bankruptcy Pro Bono Task Force
- Birmingham Bar Volunteer Lawyers Program – Bankruptcy Pro Bono Committee
- Birmingham Bar Association, Bankruptcy and Commercial Law Section
- Tennessee Bar Association
- American Bankruptcy Institute
- American Bar Association
Leland's Speaking Engagements
September 19, 2018, TMA Alabama Chapter, Birmingham, AL, “Distressed Education: What’s on the Horizon for Higher Learning Institutions?”
April 2018, ABI Spring Meeting Panelist, Washington, D.C., “Stern Revisited: In re Millennium Lab Holdings and Beyond”
August 2017, TMA Alabama Chapter, Moderator, Bankruptcy Judges’ Panel
July 2017, Alabama State Bar Annual Meeting, “Current Topics in Bankruptcy: Dischargeability of Taxes and Student Loans and the State of Structured Dismissal”
October 2016, Cumberland School of Law Bankruptcy Law Update – “Alabama Bankruptcy Pro Bono Task Force Update”
October 2016, Bankruptcy Pro Bono Summit, Moderator and Speaker
June 2016, Bankruptcy at the Beach, Moderator, Northern District Bankruptcy Judges’ Panel
July 2015, Alabama State Bar Annual Meeting, “So You Have Been Sued by a Bankruptcy Trustee: Causes of Action Under the Bankruptcy Code”
June 2015, Bankruptcy at the Beach, Moderator, Nothern District Bankruptcy Judges’ Panel
July 2014, Alabama State Bar Annual Meeting, “Receivership as an Alternative to Bankruptcy”
July 2013, Alabama State Bar Annual Meeting, “Bankruptcy Law for the Everyday Practitioner“
Honorable Thomas A. Wiseman Jr.
U.S. District Court for the Middle District of Tennessee and Sixth Circuit Court of Appeals