Eric Snyder

Having participated in complex commercial creditor-debtor/landlord-tenant relationships for more than 30 years, Eric J. Snyder is renowned for his impressive experience in this field. He represents corporations, landlords, creditors’ committees, and bankruptcy trustees in bankruptcy proceedings and out-of-court workouts. 

Eric chairs the firm’s Bankruptcy Department.

Reported Decisions:

• In re 45 John Lofts, LLC,, 650 B.R. 602 (Bankr. S.D.N.Y. 2023). Judgment after trial. Defendants found liable for $2,000,000 fraudulent conveyance under federal and state law. Represented Plaintiff. 
• In re 45 John Lofts, LLC,, 648 B.R. 16 (Bankr. S.D.N.Y. 2023).Default  Judgment granted against defendants for $2,827,000 for failure to abide by Court orders. Represented Plaintiff.
• In re 45 John Lofts, LLC,  599 B.R. 730 (Bankr.S.D.N. Y. 2019). Motion to dismiss by certain defendants denied. Represented Plaintiff. 
• In re Manhattan Jeep Chrysler Dodge, Inc. 2019 WL 1054928 (Bankr.S.D.N.Y., March 4, 2019). Denying Motion by union seeking to assert multi-million dollar withdrawal liability claim. Represented Debtor. 
• In re Fine Diamonds, LLC (Messer v. Peykar Int’l Co., Inc., et al.), 510 B.R. 31 (S.D.N.Y. 2014).  Dismissing appeal and issuing $37 million judgment in favor of Ch. 7 Trustee. Represented Ch. 7 Trustee.
• In re Jesup & Lamont, Inc., et al. (Harrison v. New Jersey Community Bank, et al.), 507 B.R. 542 (Bankr. S.D.N.Y. 2014).  $2 million preference judgment against bank. Represented Liquidation Trustee.
• In re Fine Diamonds, LLC (Messer v. Peykar Int’l Co., Inc., et al.), 501 B.R. 159 (Bankr. S.D.N.Y. 2013).  Proposed finding of fact, conclusions of law recommending $37 million judgment against consignee on fraud and fraudulent conveyance grounds.  Represented the Ch. 7 Trustee.
• In re Jesup & Lamont, Inc., et al., (Harrison v. Steven Rabinovici, et al.) 2012 WL 3822135 (Bankr. S.D.N.Y. Sept. 4, 2012).  Motion to dismiss breach of fiduciary duty claims by Liquidation Trustee against former officers and directors of debtor denied. Represented Liquidation Trustee.
• In re Amicus Wind Down Corp., et al., 2012 WL 604143 (Bankr. D. Del. Feb. 24, 2012).  Debtor could not reject over lease until it delivered possession of real property to landlord. Represented landlord.
• In re Fine Diamonds, LLC, 2011 WL 2447725 (Bankr. S.D.N.Y June 15, 2011). Motion to strike direct testimony of defendants granted in $37 million fraudulent conveyance action; represented trustee.
• In re Schiff, 2010 WL 3219535 (Bankr. S.D.N.Y. August 10, 2010). Bankruptcy court sustains objection of guardian to payment of professional fees; represented guardian.
• In re Schackner, 2010 WL 1418083 (Bankr. E.D.N.Y. April 6, 2010). Court denies objection to proof of claim, represented creditor.
• In re Circuit City Stores, Inc., 447 B.R. 475 (Bankr. E.D.Va. 2009). Debtor not required to immediately satisfy certain rent obligations; represented landlord.
• In re Goody's Family Clothing, Inc., 392 B.R. 604 Bankr. D.Del. 2008. Debtor not required to immediately satisfy certain rent obligations; represented landlord.
• In re UNED Associates, LLC, 2007 WL 1200822 (Bankr. S.D.N.Y. April 20, 2007). Motion to dismiss bankruptcy case denied and sole tenant allowed to remain in possession of space; represented tenant.
• Breslin Realty Development Corp. v. Schackner, 397 F.Supp.2d 390 (E.D.N.Y. 2005). Motion to dismiss RICO claim against defendant partially granted; represented defendant.
• In re Ogden New York Services, Inc. 312 B.R. 729 (S.D.N.Y. 2004). Reversing bankruptcy court, allowing creditor to withdraw protective proof of claim; represented creditor.
• In re Allboro Waterproofing Corp., 224 B.R. 286 (Bankr. E.D.N.Y. 1998). Counsel cannot represent Chapter 7 debtor and its shareholders in related litigation simultaneously under certain circumstances; represented debtor.
• In re Eighty Three-Eighty Four 116th Owners Corp., 214 B.R. 530 (Bankr. E.D.N.Y. 1997). Determination that cooperative corporation is “single asset real estate,” as that term is defined under Section 101(51B) of the Bankruptcy Code, requiring adequate protection payments under Section 362(d)(3) of the Bankruptcy Code; represented co-op.
• In re Country Squire Associates of Carle Place, L.P., 203 B.R. 182 (B.A.P. 2d Cir. 1996). Obtained stay pending appeal of single-asset real estate case on eve of foreclosure; represented debtor.
• In re Craddock-Terry Shoe Corp., 98 B.R. 250 (Bankr. W.D. Va. 1988). Setoffs under the improvement of position test of Section 553(b) are measured in hours not days; represented debtor.
• In re Craddock-Terry Shoe Corp., 91 B.R. 392 (Bankr. W.D. Va. 1988). A security interest in general intangibles does not extend to a mailing list of a catalogue merchant; represented debtor.

• Represented 31 vehicle dealers in the Chrysler bankruptcy proceedings.
• Represented 162 Saab vehicle dealers related to the liquidation of the Saab vehicle brand.
• Represents the creditors’ committee of Saab Cars North America, Inc., the largest vehicle franchisor to file bankruptcy and cease operations in American history. Eric is currently assisting the creditors’ committee in the liquidation of tens of millions of dollars of assets for the benefit of creditors, whose claims could equal in excess of $100 million.
• Represents the Liquidation Trustee (and formerly the creditors’ committee) of Jesup & Lamont Securities Corporation, one of the oldest broker-dealers in the U.S. prior to its filing for Chapter 11 bankruptcy during October 2011.
• Advised numerous globally recognized museums on matters related to the lending and consignment of works of art to other not-for-profit entities, galleries, and individuals.

• "Uncertainty Grows About Future of OxyContin Maker Purdue Pharma", Stamford Advocate (August 28, 2019)
• "Five U.S. States Agree to Suspend Litigation Against Bankrupt Opioid Maker Insys", Endpoints News (07/03/2019)
• "The Art of Advising a Troubled PE Client", Law360 (July 17, 2018)
• "Low-Overhead Auto Brokers Are Changing the Game for Traditional Dealerships", Crain's New York Business (April 23, 2018)
• "When Will the Sales Begin? And Other Toys R Us-Related Questions, Answered", The Washington Post (March 21, 2018)

• Eric lectures extensively to numerous bar association committees and is active in the New York City Bar Association. Among his recent appearances is a lecture entitled "Representing Consignors in Bankruptcy" at the Art Law Committee of the New York State Bar Association (September 2011).