Paul Weiss

1285 Avenue of the Americas
New York, NY 10019-6064
212-373-3347 (direct)
212-492-0347 (direct fax)
212-373-3000 (firm)
212-757-3990 (firm fax)

A partner in Paul, Weiss's Bankruptcy and Corporate Reorganization Department, Jeff Saferstein practices exclusively in the areas of corporate restructurings and workouts, bankruptcy and specialized financings.


Jeff has been involved in major domestic and international restructurings and bankruptcies, including:

  • Houghton Mifflin Harcourt Publishing Company and its affiliates in their prepackaged chapter 11 cases involving the restructuring of over $3 billion in debt;
  • School Specialty, Inc. and its affiliates in all aspects of their chapter 11 cases;
  • a wide range of matters for several fund clients in the Lehman Brothers chapter 11 case;
  • Buffets, Inc. and its affiliates in their chapter 11 cases;
  • AbitibiBowater in the company's complex U.S. and Canadian cross-border bankruptcy cases involving the restructuring of more than $8 billion of prepetition indebtedness and raising $1.5 billion of exit financing;
  • Samsonite Corporation in its worldwide out-of-court restructuring. In connection with the representation, we also represented Samsonite Company Stores in its successful prepackaged chapter 11 case;
  • Alpha Media Group, publisher of Maxim Magazine, in connection with its out-of-court restructuring;
  • Thomas Nelson, Inc. in its out-of-court restructuring;
  • Time Warner Cable in connection with its $17.6 billion acquisition, together with Comcast Corporation, of Adelphia Communications Corporation;
  • Atkins Nutritionals, Inc. in its out-of-court restructuring;
  • Loehmann's in connection with its chapter 11 case; and
  • The Penn Traffic Company in connection with its chapter 11 case.

He has also recently been involved in several restructurings of structured investment vehicles and in a workout of one of the monoline insurers.

Jeff has written and lectured on numerous bankruptcy topics including co-writing an article for the International Financial Law Review titled "Get Your Priorities Straight" (March 2012), co-writing an article for the New York Law Journal titled "When Second Lien Lenders Break Their Silence" (October 2007), and co-writing an article for the American Bankruptcy Institute Journal titled "Equitable Subordination: Good-Faith Transferees Beware" (April 2006). Jeff recently spoke at the Association of Insolvency & Restructuring Advisors' 11th Annual Advanced Restructuring & Plan of Reorganization Conference. He has also spoken on panels sponsored by Bloomberg L.P. on Distressed Debt and Bankruptcies and at the New York City Bar Association and at the Wharton Restructuring and Turnaround Conference on "Governmental Involvement in Distressed Opportunities" and "The Rise of Out-of-Court Restructurings and Pre-Packaged Bankruptcies". He has been named in Chambers USAAmerica's Leading Lawyers for Business, The Legal 500The Best Lawyers in America and IFLR1000 as a leading practitioner in the bankruptcy field and to Lawdragon's 3000 Leading Lawyers in America.



  • J.D., University of Bridgeport School of Law, 1989
    cum laude
  • B.A., Syracuse University, 1986

Bar Admissions

  • New York

See Library Tab for articles, publications and presentations by Jeffrey Saferstein

Related Resources

Jul 02, 2015 | Publications

District Court Holds Swap Claim Assignee Not a Swap Participant Entitled to Safe Harbor Rights

Jun 08, 2015 | Publications

Third Circuit Approves Use of Structured Dismissal, but Rarely

Nov 17, 2014 | Publications

New Considerations for Trademark Licenses in a 363 Sale

Sep 02, 2014 | Publications

Eleventh Circuit Directs Bankruptcy Court to Vacate Sale Order Based on New Evidence That Involuntary Bankruptcy Case Was Filed In Bad Faith 

May 08, 2014 | Publications

Limitations on Secured Creditors’ Rights to Credit Bid

Apr 17, 2014 | Publications

Self-Executing Discharge Exception May Save $2.3 Billion Whistleblower Suit Against Reorganized Debtor

Apr 01, 2014 | Publications

District Court Holds Hedge Funds Not Eligible Assignees under Loan Agreement and Thus Not Entitled to Vote on Plan

Feb 07, 2014 | Publications

Recent Decisions Impacting Chapter 11 Sales: Limitations on Secured Creditor’s Right to Credit Bid and Non-Bidder’s Right to Challenge Confirmation of a Sale

Jan 03, 2014 | Publications

Second Circuit Holds That the Bankruptcy Code’s Debtor Eligibility Requirements Apply in a Foreign Proceeding Under Chapter 15

Dec 03, 2013 | Publications

Third Circuit Holds That the Risk of Section 502(d) Disallowance Travels with a Purchased Claim

Nov 20, 2013 | Publications

SDNY Bankruptcy Court Holds That a Fair Value Debt-for-Debt Exchange Does Not Create Disallowable OID

Jan 28, 2013 | News

School Specialty Enters Into Asset Purchase Agreement With Bayside Capital Affiliate

Jul 20, 2012 | News

Buffets, Inc. Emerges from Chapter 11

May 24, 2012 | News

Houghton Mifflin Files Chapter 11

Of Note

Jun 07, 2013

Chambers USA 2013
Ranks Paul, Weiss Highly

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