Stephen B. Gerald

Stephen B. Gerald

PARTNER
sgerald@wtplaw.com
WILMINGTON
T: 302.357.3282
F: 410.223.4178

BALTIMORE
T: 410.347.8758
F: 410.223.4178



Mr. Gerald provides legal advice, business planning and litigation representation to companies and individuals with a specialty in distressed debt situations, bankruptcy and insolvency related proceedings. 

With nearly 16 years of experience, Mr. Gerald has successfully reorganized and sold companies and assets in and out of bankruptcy as debtor's counsel, he has achieved successful recoveries for unsecured creditors' committees and he has assisted post-confirmation estates/trustees with claims administration/reconciliation and the prosecution of all types of litigation. 

Mr. Gerald serves as outside creditors' rights/bankruptcy counsel for various companies, assisting with claim maximization, protection of rights in bankruptcy proceedings, asset purchases, post-petition business relations and defense of litigation claims, including preference and fraudulent conveyance actions.  

Mr. Gerald’s experience is nationwide and covers a wide variety of industries including manufacturing, retail, energy, real estate, technology and government contracting.

Memberships & Activities

  • Member: Delaware State Bar Association
  • Member: Maryland State Bar Association
  • Member: American Bar Association
  • Member: Maryland Bankruptcy Bar Association 
  • Member: The Delaware Bankruptcy American Inn of Court
  • Faculty: Maryland State Bar Association (MSBA) Advanced Bankruptcy Institute
  • Board Member: Turnaround Management Association - Chesapeake Chapter
    • Vice President, Membership (2015-)
    • Public Relations Co-Chair (2016-)
  • Member: American Bankruptcy Institute
    • Bankruptcy Litigation Committee; Business Reorganization Committee
  • Staff Member: University of Baltimore Law Review (1998-2000) 
  • Member: University of Baltimore Trial Team
  • Teaching Assistant: University of Baltimore Legal Analysis, Research, and Writing Program
  • Judicial Law Clerk: The Honorable Christian M. Kahl, Circuit Court for Baltimore County (2000-2001)

Representative Chapter 11 Reorganizations

  • In re Easy Financing Corp. (D. Md.) – Debtor’s counsel to financing company in chapter 11 reorganization
  • In re Pipeline Data, Inc. (D. Del.) – Debtors’ counsel to credit and debit card payment processor providing services to approximately 15,000 merchants
  • In re Baltimore Marine Industries, Inc. (D. Md.) -- Counsel to Sparrow's Point shipyard facility, involving the sale of assets through competitive bid process 
  • In re Railworks Corporation (D. Md.) -- Debtor's co-counsel to publicly traded railroad construction company with over $500 million in assets, resulting in plan confirmation 
  • In re Baltimore Emergency Services II, LLC (PhyAmerica) (D. Md.) -- Debtor's co-Counsel to national physician practice management company with over 250 subsidiaries and operations in over 35 states and annual revenues of approximately $400 million, resulting in plan confirmation 
  • In re Sunterra Corporation (D. Md.) -- Debtor's co-Counsel to publicly traded Debtor in reorganization of World's largest timeshare resort company with over $1 billion in assets and locations around the World, resulting in chapter 11 plan confirmation
 

Representative Creditors' Committee Representation

  • In re Western Maryland Transport, Inc. (D. Md.) -- Counsel to creditors' committee in reorganization of trucking company
  • In re FPI Liquidation Corp. (D. Md.) – Co-counsel to creditors' committee in liquidation of paper company
  • In re Barwood, Inc. (D. Md.) -- Counsel to creditors' committee in reorganization of Montgomery County taxi cab company, resulting in plan providing payment in full to unsecured creditors plus interest 
  • In re Appalachian Oil Company, Inc. (E.D. Tenn.) -- Counsel to creditors' committee in liquidation of petroleum/convenience store chain
 

Representative Creditors' Rights & Preference Defenses

  • In re Lehman Brothers, Inc. (S.D.N.Y.) -- Counsel to several creditors involving claims based on derivative and futures contracts
  • In re MW Sewell, Inc. (D. ME) -- Counsel to international petroleum company in contested litigation involving disputed claims and rights of setoff 
  • In re Roomstore , Inc. (E.D. Va.) -- Counsel to landlord in respect of issues related to real property lease
PRESENTATIONS & PUBLICATIONS

Presenter: “How To: Depositions and Rule 2004 Examinations,” 2016 Maryland Bankruptcy Bar Association Spring Break

Presenter: "Preserving Intellectual Property in Chapter 11," 2015 Advanced Bankruptcy Institute, MSBA, March 24, 2015

Presenter : 2014 MSBA Advanced Bankruptcy Institute

Advanced Bankruptcy Roundtable – Hot Topics on Plan Confirmation

Presenter: “Recent Developments in the Earmarking Doctrine,” Maryland Bankruptcy Bar Association (2013)

Presenter: “Employee Retention, Incentive and Severance Plans Under BAPCPA” Maryland Bankruptcy Bar Association Bankruptcy Bar (2006)

Author: “Top 5 Things Every Company Should Know if a Customer or Client Files for Bankruptcy” (2014)

Author: "Employee Compensation Programs: A Study of Judicial Interpretation Under BAPCPA (Part 1 of 2)," 19 Bankr. L. Rep. (BNA) 618 (2007) 

Author: "Employee Compensation Programs: A Study of Judicial Interpretation Under BAPCPA (Part 2 of 2)," 19 Bankr. L. Rep. (BNA) 646 (2007) 

Author: "Judgments of Prior Conviction as Substantive Proof in Subsequent Civil Proceedings: A Study of Admissibility and Maryland's Need for Such a Hearsay Exception," 29 U Balt. L. Rev. 57 (1999)

ARTICLES

What to Do When a Customer Files for Bankruptcy

If you've been working as a management accountant or finance professional in the past five years, it's a safe bet that you've encountered the bankruptcy process in some fashion. Bankruptcy isn't only intimidating to the company going through it (the debtor) but to anyone who continues to do business with an entity in bankruptcy or is otherwise involved in the bankruptcy process.


EVENTS

NEWS

Steve Gerald Elected VP of Membership of TMA Chapter

Whiteford Taylor & Preston is pleased to announce that our partner Steve Gerald has been elected Vice President of Membership of the Chesapeake Chapter of the Turnaround Management Association (TMA).  Mr. Gerald will also continue to serve as a member of the Board of the Chesapeake Chapter.


Stephen Gerald Named to Faculty of MSBA Advanced Bankruptcy Institute

Stephen B. Gerald, a partner in the WTP Business Reorganizations and Bankruptcy group, has been named to the faculty of the Advanced Bankruptcy Institute of the Maryland State Bar Association.  He will be presenting on March 12, 2014, on the topic of “Hot Topics on Plan Confirmation,” an Advanced Bankruptcy Roundtable.


Steve Gerald Takes New Role at TMA Chapter

Whiteford Taylor & Preston is pleased to announce that our partner Stephen B. Gerald has been elected to the board of the Chesapeake Chapter of the Turnaround Management Association.


Seven Whiteford, Taylor & Preston Attorneys Named Partners

Whiteford, Taylor & Preston LLP (WTP) is delighted to announce that J. Bradley Aaron, Jennifer R. Busse, Adam Cizek, Emily A. Daneker, Stephen B. Gerald, Kevin A. Kernan, and Kristen B. Perry have been elected as partners of the firm, effective January 1, 2009.