Paul J. Ricotta, a member of the bankruptcy practice of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., has been selected to join the prestigious American College of Bankruptcy, an honorary association of bankruptcy and insolvency professionals. Mr. Ricotta is one of only two inductees selected from the First Circuit. He will be inducted in March, 2011.
The approximately 650 Fellows are selected on an invitation-only basis. Nominees are extended an invitation to join based on a record of achievement in the insolvency process by professionals who have distinguished themselves in their practice and in their contribution to the insolvency field. The Board of Regents selects Fellows based on recommendations of the Circuit Admissions Council in each federal judicial circuit and specially appointed Committees for Judicial and International Fellows.
Criteria for selection include: the highest standard of professionalism, ethics, character, integrity, professional expertise and leadership in contributing to the enhancement of bankruptcy and insolvency processes; sustained evidence of scholarship, teaching, lecturing or writing on bankruptcy or insolvency; and commitment to elevate knowledge and understanding of the profession and public respect for the practice.
Mr. Ricotta’s bankruptcy and workout experience includes representing debtors, creditors’ committees, secured creditors, lenders (including DIP lenders), bondholders, indenture trustees, examiners, acquirers, and equity security holders in Chapter 7 and 11 cases. He is experienced in virtually all aspects of workouts and bankruptcies. Mr. Ricotta regularly appears in the so-called “mega-cases” pending in Delaware and New York. He has an extensive litigation background and is particularly skilled in bankruptcy litigation and adversary proceedings, including appellate work. Mr. Ricotta is also an expert in the Uniform Commercial Code, including issues concerning liens, security interests, letters of credit, notes, and bank checks. He assisted in the drafting and enactment of Revised Article 9 of the UCC in Massachusetts, and is a frequent lecturer and author of articles relating to the UCC.
Mr. Ricotta received his A.B., cum laude, from Dartmouth College and a combined J.D./M.B.A. from the State University of New York.