Financial Poise

About William H. Schorling

  • June 11, 2019

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CLLA Member, William H. Schorling practices in the area of bankruptcy and corporate reorganization and is the chair of Buchanan Ingersoll & Rooney’s Bankruptcy & Creditors’ Rights Group. He has represented debtors, indenture trustees, creditors’ committees and secured and unsecured creditors in bankruptcy proceedings and restructurings outside bankruptcy.
His experience includes representation of a number of Fortune-500 companies and money center and regional financial institutions in bankruptcy and insolvency matters. He has also represented lenders in negotiating and documenting secured and unsecured loans and securitized credit facilities and in working out troubled domestic and foreign loans including representing the agent in complex multilender and syndicated loans. Bill has also represented the Debtor in a number of national Chapter 11 cases including Sharon Steel, Matlack Trucking, PHICO Group and Printing Arts. Bill represented the City of Pittsburgh in initiating its insolvency proceeding under Act 47.

Bill is and has been actively involved in the bankruptcy legislative process starting with the 1994 Bankruptcy Amendments Act. Bill was actively involved in the activities of the Bankruptcy Review Commission as a member of the 12-person Alliance for Bankruptcy Legislation consisting of representatives of the American Bar Association, American Law Institute, National Conference of Bankruptcy Judges and the National Bankruptcy Conference. He also was actively involved in the legislative process leading up to the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

Bill continues to be involved in bankruptcy legislation, most recently with the technical corrections bill passed in 2011. Bill has testified before the House Subcommittee with responsibility for bankruptcy legislation and contributed to the drafting of provisions of the 2005 amendments. Bill has served as chair of the Business Bankruptcy Committee of the American Bar Association Business Law Section and as chair of the Business Law Section’s Ad hoc Committee on Bankruptcy Court Structure and the Insolvency Process. The Ad hoc Committee is charged with developing policy positions concerning bankruptcy and insolvency issues. Bill recently completed a term as one of nine members of the American Bar Association’s Standing Committee on Federal Judicial Improvements, the ABA committee responsible for policy concerning the federal courts. Bill is a member of the Pennsylvania Bar Association’s Task Force concerning the most recent proposed amendments to Article 9.

Bill has lectured frequently on the topics of bankruptcy, the Uniform Commercial Code and lending law for a number of organizations, including the National Conference of Bankruptcy Judges, the Third Circuit Judicial Conference, the American Bar Association, the American Bankruptcy Institute, the Commercial Law League and the Pennsylvania Bar Institute. Bill has served as an expert on bankruptcy and the Uniform Commercial Code. Bill taught bankruptcy law as an adjunct professor at the Temple University Beasley School of Law from 2000 until 2005. He has also co-written several law review articles, one of which was quoted by the U.S. Supreme Court in Bank of America v. 203 N. LaSalle St. Bill is a member of the American College of Bankruptcy.

He has been selected among America’s Leading Business Lawyers by Chambers USA, The Best Lawyers in America® and Pennsylvania Super Lawyers®, as well as the Corporate Counsel Super Lawyers® list. He is trained as a mediator and is consultant of Trial Advocate Resolution Services, LLC (TARS), which offers mediation and arbitration services to national and international clients.