Benjamin Schak

Special Counsel

Contact
F +1 212.822.5705

New York

55 Hudson Yards

New York, NY US 10001-2163

T +1 212.530.5705

F +1 212.822.5705

Benjamin Schak is special counsel in the New York office of Milbank LLP and a member of the firm’s Financial Restructuring Group.

Primary Focus & Experience

Mr. Schak’s practice focuses on representation of companies, creditors and other stakeholders in chapter 11 cases, cross-border insolvency proceedings, and out-of-court restructurings. He has experience representing debtors, ad hoc committees, official committees of unsecured creditors, secured creditors, and other parties in interest in distressed matters across a wide range of industries, including aerospace, energy and mining, and computer network infrastructure.

His debtor representations at Milbank include the following:

  • Edgio (chapter 11)
  • Incora (chapter 11)
  • Yak Access (out-of-court transaction)
  • Avianca Airlines (chapter 11 debtors)
  • PLI Cards (out-of-court transaction)
  • Internap (chapter 11)

His creditor and committee representations include the following:

  • Mosaic Companies (secured term lender)
  • Office Properties Investment Trust (ad hoc group of unsecured bondholders)
  • Bouchard Transportation (pre-petition and DIP lender)
  • LATAM Airlines (multiple secured creditors and aircraft lessors)
  • Skillsoft (ad hoc group of secured lenders)
  • Sanchez Energy (official committee of unsecured creditors)

His other notable representations include the following:

  • Cinemex (landlord)
  • OmniMax International (asset purchaser)
  • Takata (leading car manufacturer)

Recognition & Accomplishments

Mr. Schak is a contributor to forthcoming revisions of Collier on Bankruptcy, the preeminent treatise on bankruptcy law, and the Collier Bankruptcy Practice Guide, and has co-authored several articles, including:

Mr. Schak received his J.D., magna cum laude and with the Order of the Coif, from the New York University School of Law. He also received B.A.’s in Mathematics (with highest honors) and Computer Science from Swarthmore College. Mr. Schak was a law clerk for the Honorable Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York.

Additional Details
Education
  • New York University School of Law, J.D.
  • Swarthmore College, B.A.
Admissions
  • New York
  • US District Court for the Southern District of New York
  • US District Court for the Eastern District of New York