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Jacob Margolies

Jacob S. Margolies

Managing Associate

Jacob S. Margolies

Managing Associate

Kansas City

D+1 816 460 2584

Local time

Jacob Margolies is a member of Dentons’ Restructuring, Insolvency, and Bankruptcy group. Jacob has experience representing debtors, creditors’ committees, foreign representatives in chapter 15 bankruptcy cases, liquidating trustees, and parties acquiring assets in distressed situations. He has worked on chapter 11 cases across a variety of jurisdictions, including Delaware, Florida, Kansas, Kentucky, Maine, Massachusetts, Missouri, New York, and Texas. An adept legal researcher, Jacob is undaunted at the prospect of an unfamiliar venue, and is quick to familiarize himself with the local practices and procedures.

Jacob is also a member of the Litigation and Dispute Resolution group, in which he practices complex commercial litigation at both the trial and appellate levels.

Experience

Debtor Representations

In re Green Roads, Inc., Chapter 11 Case No. 23-11738-SMG, United States Bankruptcy Court for the Southern District of Florida. Currently represents the Debtor, a CBD company, which recently closed on an expedited sale process for substantially all of the Debtor’s assets as a going-concern under section 363 of the Bankruptcy Code.
In re Fencepost Productions, Inc., et. al., Lead Chapter 11 Case, No. 19-41545, United States Bankruptcy Court for the District of Kansas. Represented the Debtors, who were apparel wholesalers to many of the leading national retailers. The Debtors successfully navigated the hardships imposed by the COVID-19 pandemic (i.e. supply chain issues, relative austerity of the marketplace, etc.) in addition to unique and challenging confirmation issues, ultimately resulting in the successful reorganization of the business.
In re Kansas City United Methodist Retirement Home, Inc., d/b/a Kingswood Senior Living Community, Chapter 11 Case, No. 21-41049-11-CAN, United States Bankruptcy Court for the Western District of Missouri. Represented the Debtor, a continuing care retirement community, particularly in the restructuring of its bond debt service obligations. Notwithstanding the complications of operating a retirement community during the height of the COVID-19 pandemic (i.e. disproportionate susceptibility of the Debtor’s customers/residents to COVID-19, the corresponding necessity to implement protective measures, etc.), the Debtor was able to confirm its plan of reorganization in less than three months.

Committee Representations

In re Vantage Travel Service, Inc., Case No. 23-11060, United States Bankruptcy Court for the District of Massachusetts. Represents the Official Committee of Unsecured Creditors in the chapter 11 case of a travel company. The case involves more than $108 million claims of customers who paid for trips that were not provided.
In re Bear Communications, LLC, Chapter 11 Case No. 21-10495, United States Bankruptcy Court for the District of Kansas. Represented the Official Committee of Unsecured Creditors. The Debtor operated a general contracting business that served the telecommunications industry and incurred unsecured claims in excess of $100 million according to claims filed in the bankruptcy case. Successfully settled the Debtor’s cause of action against a major creditor then drafted and confirmed a Committee plan over objection from a secured creditor. Challenged the secured creditor’s claims in an adversary proceeding which led to secured creditor paying the bankruptcy estate and partially subordinating its secured claim.

Foreign Representative Representations

In re Wikeley Family Trustee Limited (In Liquidation), Chapter 15 Case No. 23-50420-grs, United States Bankruptcy Court for the Eastern District of Kentucky. Currently represents the foreign representative, New Zealand interim liquidators. Obtained order recognizing the New Zealand proceeding as a foreign main proceeding over objection from litigant.

Chapter 7 Trustee Representations

In re Charles Deweese Construction, Inc., Chapter 7 Case No. 22-10355-jal, United States Bankruptcy Court for the Western District of Kentucky. Initially represented the Official Committee of Unsecured Creditors and successfully moved with the Office of the United States Trustee and largest secured creditor to convert the case for cause. Currently represents the chapter 7 Trustee in liquidation of construction business with over $100 million in debt. Marketed and sold the bankruptcy estate’s asphalt plant and other equipment on an expedited timeline while investigating and pursuing estate causes of action.

Activities and Affiliations

Community Involvement and Pro Bono

Ripp Distributing Company, Inc. v. Ruby Distribution LLC., Appeal No. 2023AP000778, Wisconsin Court of Appeals, District 4. Represented Yaron Nili, professor of law and Smith-Rowe Faculty Fellow in Business Law at the University of Wisconsin Law School, in connection with amicus curiae brief submitted to the Wisconsin Court of Appeals. Argued that Wisconsin should adopt the majority view that survival clauses in asset purchase agreements should be strictly enforced, particularly in arms-length transactions between sophisticated parties. Currently awaiting the appellate court’s decision.

Memberships

American Bankruptcy Institute
American Bar Association
- Business Bankruptcy Committee
- Bankruptcy Study and Policy Committee
Kansas City Metropolitan Bar Association