Eric W. Anderson
Partner | Atlanta Officeeanderson@phrd.com
T: (404) 420-4331
F: (678) 533-7721
F: (678) 533-7721
Practice Group
Services
Education
- University of Wisconsin-Madison - (B.A., with distinction, 1982)
- University of Wisconsin Law School - (J.D., cum laude, 1986)
Admitted to Practice
- Georgia
- Wisconsin
- Illinois
About Eric
Eric concentrates his practice in bankruptcy, workouts, financial restructuring and commercial finance. He regularly represents banks, financial institutions, secured asset-based lenders, investors, and other parties in bankruptcy and financial restructuring matters. This includes representation in workouts and restructuring matters both in and out of bankruptcy, including negotiating and closing asset-based loans, debtor-in-possession financing, loan collection and enforcement, purchase and sale of assets of distressed companies, and various related transactions.
Professional and Civic Involvement
- State Bar of Georgia (Member, Bankruptcy Section)
- State Bar of Wisconsin
- Atlanta Bar Association (Board of Directors, Member-at-Large 2006 - present; Bankruptcy Section Board Member 1999 to 2007; Treasurer 2002-2003; Secretary 2003-2004; Vice-Chair/Chair-Elect 2004-2005; Chairman 2005-2006)
- Chair, Atlanta Bar Association CLE Board of Trustees (2008-2009)
- Chair-Elect, Atlanta Bar Association CLE Board of Trustees (2007-2008)
- Chairman, Atlanta Bar Association and Fulton County Courts Law Week Committee (2005-2007)
- American Bar Association (Business Law Section, Business Bankruptcy Committee)
- Turnaround Management Association
- American Bankruptcy Institute (Contributing Editor, ABI Journal)
- Advisory Board Member - American Bankruptcy Institute Southeast Bankruptcy Workshop
Honors
- Leading Lawyer for Business, Chambers USA (2007 - present)
- Georgia's Legal Elite, Georgia Trend (2007-2009)
- Georgia Super Lawyer (2007)
- Atlanta Bar Association Distinguished Service Award (2007)
Representative Engagements
- Represented publicly traded debtor in Chapter 11 case of Vesta Insurance Group, Inc., an insurance holding company, and its wholly owned management subsidiary, J. Gordon Gaines, Inc.
- Represented senior secured creditor in connection with Chapter 11 reorganization of Transit Group, Inc., a large interstate trucking company
- Represented senior secured lender in connection with Chapter 11 case of CFI Manufacturing, Inc., a Florida manufacturer of outdoor furniture
- Represented DIP lender for Oris Automotive Parts, Ltd., an Alabama auto parts maker, in the Northern District of Alabama
- Represented Term Loan Lenders in Chapter 11 cases of Galey & Lord, Inc., et al., in United States Bankruptcy Court for the Northern District of Georgia
- Represented purchaser of thirteen-restaurant Applebee's chain in competitive bid from Chapter 11 estate
- Represented franchisee of over 30 distressed fast food restaurants in connection with negotiated settlement to turn over franchise restaurants to franchisor
- Represented senior secured bank group in connection with workout, Chapter 11 case and sale of assets of Harriet & Henderson Yarns, a leading yarn and textile manufacturer in the Eastern District of North Carolina
- Represented senior secured creditor in connection with Chapter 11 reorganization case and sale of assets of multi-state consumer lending chain in the Eastern District of North Carolina
- Represented secured creditor in reorganization case and sale of assets of Collins Signs, Inc., a leading outdoor sign manufacturer, including provision of financing to purchaser of assets from that Chapter 11 case
- Represented bank group in $85,000,000 secured credit facility to major sporting goods retail chain
- Served as debtor's counsel in Chapter 11 reorganization and sale of licensed sports apparel manufacturer
- Served as debtor's counsel in Chapter 11 reorganization and sale Regina, Inc. a well-known manufacturer of vacuum cleaners and related appliances, in United States Bankruptcy Court for the Northern District of Georgia
Publications and Presentations
- Author: "The Philadelphia Story: Third Circuit Denies Lenders' Credit-Bid Rights, " Am. Bankr. Inst. Journal, Vol. XXIX, No. 4 (May 2010)
- Author: "The Impact of Philadelphia Newspapers on a Secured Creditor's Right to Credit Bid," Am. Bankr. Inst. Journal, Vol. XXIX, No.2 (March 2010)
- Presenter: "Section 363 Asset Sales" at the State Bar of Georgia Intstitute of Continuing Legal Education's Workouts, Turnarounds and Restructurings Seminar (March 2010)
- Moderated a panel presentation (of lenders and in-house counsel at financial institutions) at the Meritas joint meeting of the Financial Services Section and the Creditors Rights and Bankruptcy Section, on "Issues and Challenges Facing Lenders and In-House Counsel as the Economic Recovery Begins" (February 2010)
- Presenter: "Strategies and Current Developments in ยง363 Sales" at the Bankruptcy Section of the State Bar of Georgia Consumer and Business Bankruptcy Conference and Seminar (November 2009)
- Presenter: "Lenders Under Fire: Strategies for and Defenses to Extracting Money from Lenders" at the American Bankruptcy Institute 14th Annual Southeast Bankruptcy Workshop, Hilton Head, South Carolina, July 29 - August 1, 2009 and Co-Author of "Lenders Under Fire: Weapons in the Committee Arsenal; Shields for Lenders" materials for seminar.
- Author: "Aiding and Abetting Breach-of-Fiduciary-Duty Claims in a Post-Recession Economy," Am. Bankr. Inst. Journal, Vol. XXVIII, No. 6 (July/August 2009)
- Presenter: "Overview of Bankruptcy - The Chapters, the Players and the Big Picture" at the Turnaround Management Association (Atlanta Chapter) series of Interdisciplinary Programs (June 2009)
- Presenter: "Recent Developments in Reclamation and Other UCC Remedies," State Bar of Georgia Bankruptcy Section Consumer and Business Bankruptcy Seminar, October 23-24, 2008.
- Co-Chair: "Workouts & Remedies in Real Estate," Law Seminars International, and presenter: "Developing Effective Workout and Litigation Strategies: Avoiding Litigation If You Can and Maintaining a Strong Position If You Can't" September 5, 2008
- Co-author: "363 Sales over the Objection of Junior Lienholders after Clear Channel," ABI Committee News Volume 7, Number 6 (September 2008)
- Enjoining Actions Against Nondebtors: What Is The Proper Standard?, Am. Bankr. Inst. Journal, Vol. XXVI, No. 10, p. 26, Dec./Jan. 2007/08
- Bankruptcy Law Changes Will Affect Business Cases Too, Georgia Bar Journal, October 2005
- Author: "Section 541 - Property of the Estate," Annual Survey of Bankruptcy Law, 1987 and 1989 (Callaghan)