Rachel Albanese is a Restructuring partner in the New York Office. Rachel has nearly 20 years' experience representing secured and unsecured creditors, debtors, equity holders, purchasers of distressed assets, and other parties in interest in a wide range of restructuring matters, including cases under chapter 11 of the US Bankruptcy Code, out-of-court workouts and cross-border insolvency proceedings. In addition, Rachel has been involved in the current restructuring efforts in Puerto Rico since the earliest days when she participated in dozens of meetings with U.S. Congress members and staff to develop the law that ultimately became PROMESA. She has been instrumental in many of the firm's PROMESA-related matters.

Rachel is a co-chair of the Women in Bankruptcy & Restructuring affinity group of the National Association of Women Lawyers (NAWL).

Over the course of her career, Rachel has represented, among others:

  • Valeritas Holdings, Inc. in its chapter 11 case, the first chapter 11 case in the country to attribute COVID-19 as one of the factors leading to the filing
  • Committee of Independent Directors of Covia Holdings Corp. and special counsel to Covia in Covia’s chapter 11 cases
  • Spyglass Media Group, LLC (f/k/a Lantern Entertainment LLC) in The Weinstein Company chapter 11 case
  • Authentic Brands Group as stalking horse purchaser in In re Nine West Holdings, Inc.
  • Several foreign banks in the Fairfield Sentry chapter 15 litigation
  • Ad hoc groups of noteholders in In re Magnum Hunter Resources Corporation, In re Inversiones Alsacia S.A., In re Eastman Kodak Co., In re Houghton Mifflin Harcourt Publishing Co., In re Rubicon REIT, In re Smurfit-Stone Container Corp., and In re Adelphia Communications Corp.
  • The official committees of unsecured creditors in In re Chassix Holdings, Inc. and In re SandRidge Energy, Inc.
  • Houlihan Lokey in In re Relativity Media, LLC
  • UMB Bank, N.A. in In re Residential Capital, LLC
  • The debtors in In re Metro Affiliates, Inc., In re Recycled Paper Greetings, Inc., and In re Loral Space & Communications Ltd.
  • The Joint Official Liquidators of Trikona Advisers Limited and Security Capital Ltd. in US proceedings

Certain of the above matters were handled by Rachel prior to her joining DLA Piper LLP (US). 

Rachel is an active member of the American Bankruptcy Institute and the International Women's Insolvency & Restructuring Confederation. After law school, where she served as Editor-in-Chief of Penn Law's Journal of International Economic Law, Rachel clerked for Hon. John W. Bissell, Chief Judge, United States District Court for the District of New Jersey. Rachel is a contributing author of the Bloomberg Law:  Bankruptcy Treatise.

Rachel currently serves as Co-Hiring Partner of the New York office.