Eric P. Israel has been a lawyer and advisor for more than 33 years for bankruptcy, workouts, debtor-creditor litigation, exemption planning, and business reorganizations. He represents debtors, trustees, creditors, creditor committees, and shareholders in complex bankruptcy and workout scenarios. Clients seek counsel from Eric for proactive advice when confronted with complicated problems before litigation, during litigation, and postjudgment.
Eric has extensive experience representing individual and business debtors, landlords, court-appointed receivers, and bankruptcy trustees, with regard to insolvencies and business bankruptcy, and state and federal receiverships, including bankruptcy litigation and appeals. He has handled reorganizations for numerous construction companies.
His litigation practice includes: investigating and tracing assets and transfers and Ponzi schemes; prosecuting and defending fraudulent transfers, preferential transfers, and other avoidance actions; prosecuting and defending nondischargeability proceedings and objections to discharge; representing sellers and buyers in asset sales.
Eric also specializes in handling appeals and virtually any other issue that may arise within or outside of bankruptcy. He has handled or been involved in numerous high-profile and significant local cases involving HVI Cat Canyon, Inc., G. David Schine, Prime Time Shuttle, Ezri Namvar, Toni Braxton, Tom Sizemore, CBC Framing Company, Death Row Records, and Marion “Suge” Knight.
Eric is also a certified mediator through the Straus Institute for Dispute Resolution. He has served on the panel of mediators for the bankruptcy courts in the Central District of California since the panel’s inception in 1998.
Over the years Eric has held leadership positions with various California bar groups, including serving as Chairman of the Commercial Law and Bankruptcy Section of the Los Angeles County Bar Association (2014–2015) and Co-Managing Editor of the California Bankruptcy Journal (2008–present). He has spoken on many diverse bankruptcy topics, including individual Chapter 11 cases, the intersection between bankruptcy and family law, avoiding power litigation,advanced issues in bankruptcy sales, and Subchapter V small business reorganizations.
Eric has been a managing partner of the firm since 2017.
- Creditor Committee Counsel
- Creditor Representation in Bankruptcy Cases
- Chapter 11 Business Reorganization
- Chapter 7
- Out of Court Workouts
Litigation in Federal and State Courts
- Judgment Enforcement
- Commercial Law Litigation
- Prosecute and Defend Avoidance Actions
Trustee, Receiver and Other Fiduciary Services and Representation
- Assignments for the Benefit of Creditors
- Bankruptcy Trustees
- Bankruptcy Examiners
University of California at Los Angeles (B.A. 1981)
Southwestern University School of Law (J.D. with honors 1987); Law Review (1985-87)
State Bar of California, 1987
MEMBERSHIPS & ASSOCIATIONS
California Bankruptcy Forum, Board Member
California Bankruptcy Journal, Co-Managing Editor (1998-present)
Financial Lawyers Conference
Los Angeles Bankruptcy Forum
Los Angeles County Bar Association; Chair of Commercial Law and Bankruptcy Section (2014-2015); Chair of Bankruptcy Committee (2013-2015)
“Hints on Making the Most of Your Estate’s Assets: Often Overlooked Methods to Maximize Equity”, 26 Cal. Bankr. J. 199 (2002)
“Of Racketeers, RICO, the Enterprise-Pattern Separateness Issue and Chicken Little: What’s Really Falling?”, 17 SW. U.L. Rev. 565 (1988)
Panelist, Discussion of New Bankruptcy Laws That Help Small Business Owners, Los Angeles County Bar Association, Commercial Law and Bankruptcy Section (1/20)
Panelist, Interplay Between Bankruptcy and Family Law, 41st Annual Family Law Symposium, Beverly Hills Bar Association, Century City, California (11/15)
Panelist, Individual Chapter 11’s: Super 13s or Impossible Dreams? Century City, California (10/09)
Speaker, An Overview of Bankruptcy Law, Domestic Partnership Study Group (3/09)
Speaker, Life After Clear Channel: The Decision of the Bankruptcy Appeal Panel of the Ninth Circuit on Mootness and Sales Free and Clear, Orange County Bar Association, Commercial Law and Bankruptcy Law and Bankruptcy Section (2/09)
Speaker, What Professional Advisors Need To Understand About Bankruptcy, Warner Center Estate & Tax Planning Counsel, Woodland Hills, California (1/08)