LOS ANGELES--(BUSINESS WIRE)--Gary Klausner, a highly respected bankruptcy law specialist, will become a senior partner at Levene, Neale, Bender, Yoo & Brill L.L.P. (www.lnbyb.com), one of Los Angeles' leading firms specializing in bankruptcy, insolvency, business reorganization and commercial litigation, effective May 5, 2014.
Klausner was formerly a senior shareholder at Stutman, Treister & Glatt, another prominent Southern California bankruptcy law firm. He will continue to practice in the areas of corporate restructuring and bankruptcy, as he has since beginning his career in 1976.
"We are most fortunate to have someone of Gary Klausner's vast experience and unparalleled reputation join our firm," said David L. Neale, co-managing partner of Levene, Neale, Bender, Yoo & Brill (LNBYB), in announcing the appointment. Ron Bender, LNBYB's other managing partner, added, "Gary will strengthen our team of highly specialized experts immeasurably and further solidify our position as a leading bankruptcy and insolvency firm. We are thrilled to have Gary joining us."
Since its founding in 1995, LNBYB has forged a strong presence in the Los Angeles legal community. The firm is known for resolving complex bankruptcy and insolvency issues for a diversity of prominent companies, and is at the forefront of the rescue and rehabilitation of corporations in fiscal distress.
Klausner, who had been with Stutman since 2001, will continue to practice in all facets of bankruptcy and insolvency, including representation of Chapter 11 debtors, secured and unsecured creditors, creditors' committees, trustees and receivers, licensors and franchisors, purchasers of assets and parties involved in litigation and appeals. His clients have been in such industries as real estate development, hospitality and restaurants, aerospace, entertainment, retail, health care and transportation.
Klausner also has an expertise in Chapter 9 of the Bankruptcy Code, which is designed for the reorganization of municipalities. He currently chairs the American Bar Association's Chapter 9 Committee.
Klausner was recognized in 2012 as "Bankruptcy Lawyer of the Year" by the Century City Bar Assn., and was elected a Fellow of the American College of Bankruptcy in 2010. He is also a past president and member of the Board of Governors of the Financial Lawyers Conference and a past president and board member of the Los Angeles Bankruptcy Forum.
He graduated with honors from the University of Maryland School of Law and received his B.A. from the University of Maryland.