Keith N. Costa

Partner

Overview

Keith Costa is a seasoned bankruptcy and corporate restructuring lawyer who formerly served as the Assistant U.S. Trustee for the Southern District of New York under United States Trustee Arthur J. Gonzalez. Besides representing both debtors and creditors, Keith has acted in many fiduciary roles, including service as Chapter 11 trustee and examiner and as counsel to official committees of unsecured creditors and corporate boards of directors. Keith is a court-certified mediator for the U.S. bankruptcy courts in New York and Delaware, and he frequently serves as mediator or arbitrator in high-profile bankruptcy cases, such as Madoff and Lehman Brothers.

Creditors’ Rights

Keith represents the interests of corporate, banking and other financial clients with respect to creditors’ rights. He provides valuable counsel based upon his over 30 years of experience. Keith has handled all sorts of bankruptcy cases involving a variety of industries and confronting a wide range of legal issues.

Representative Matters

  • Ponzi scheme liquidation work and receiverships (e.g., Madoff bankruptcy case and the Securities and Exchange Commission receivership cases of Wextrust and Platinum Partners)
  • Preference defense of complex $9 million “clawback” lawsuit in RadioShack Corp. case
  • Counsel to numerous official and ad hoc unsecured creditors’ committees
  • Chapter 11 trustee for Action Redi-Mix Corp. (successful §363 sale) and Dr. Howard Balensweig (succeeded in providing 100% distribution to all allowed unsecured creditors)
  • Chapter 11 examiner for Finne Brothers Refuse Systems, Inc
  • Counsel to Board of Directors of Global Capacity Group, Inc. (CGSY.OB)
  • Debtor’s counsel to Waterford Wedgwood USA, Tavern On The Green Restaurant, and New York Crane & Equipment Corp. (successfully confirmed a plan of reorganization for 100% distribution plus interest to all allowed creditors)

Credentials

Bar Admissions

District of Columbia
New York

Education

American University, Washington College of Law
J.D. (1983)

University of Connecticut
B.A. Honors Program Scholar (1980)

Leadership & Community

Professional Associations

  • American Bankruptcy Institute, 2001-present
  • Turnaround Management Association
  • New York Institute of Credit
  • Bankruptcy Law360 Editorial Advisory Board, 2013-15

Civic Activities

  • FBI Citizens Academy Alumni Association
  • Shoreline Arts Alliance — Board of Directors, 2013-14
  • Princeton Youth Soccer Association — Board of Directors, 2008-13
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