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PeterHubbard

Of Counsel

"I have spent my entire legal career resolving commercial financial problems for companies and financial institutions."

Overview

Biography

With over 40 years of legal experience, Peter primarily concentrates his practice on assisting financial institutions in the restructuring and, at times, liquidation of problem loans. Since the mid-1990s and exacerbated by the economic downturn of the past decade, Peter led a team of attorneys that resolved approximately 1,000 problem loans.

Peter began his career as the bankruptcy trustee for one of the oldest library furniture manufacturers in the United States, the company that made much of the furniture of the Library of Congress. He then became counsel to the US Small Business Administration (SBA), with initial responsibility for the agency’s banking relationships from Buffalo to Albany and in Canada. This led to Peter’s representation of 16 banks, ranging from large money-center institutions to local banks. With the passage of the Bankruptcy Reform Act of 1978, Peter and two other SBA attorneys were selected to teach the new bankruptcy law to all SBA attorneys as well as attorneys at other agencies.

Peter joined Menter, Rudin & Trivelpiece, now Barclay Damon, in 1980 and began representing many CNY businesses that needed financial restructuring or orderly liquidations. Among these clients were third-generation-owned businesses and manufacturers of products that were sold throughout the United States.

Experience

Representative Experience

  • Served as lead counsel in the restructure and subsequent liquidation of two independent, third-generation clothing retailers with multiple locations.
  • Served as lead counsel in the orderly liquidation of a third-generation national manufacturer of products for the transportation and telecommunications industries. This was the first plant closure affected by the WARN Act.
  • Served as lead counsel in the orderly liquidation of two large foundries in New York’s Southern Tier, one of which made parts for a national appliance manufacturer for decades.
  • Served as lead counsel for the creditors’ committee representing approximately 12,500 member-producers of a federated dairy cooperative.
  • Served as lead counsel in the reorganization of an electrical cogeneration facility in Northern New York. This complex matter involved a catastrophic explosion, gas supply agreements, power-purchase agreements, the Federal Energy Regulatory Commission, and a failed bank, among other factors.
  • Served as lead counsel in multiple restructurings of a hotel on a college campus.
  • Served as lead counsel to a large bank consortium in the reorganization of a major hotel in downtown Syracuse.
  • Served as lead counsel in the successful restructuring of the longest continuously operating paper manufacturer in the United States.

Prior Experience

  • Menter, Rudin & Trivelpiece, PC, Of Counsel
  • Menter, Rudin & Trivelpiece, PC, Shareholder
  • Menter, Rudin & Trivelpiece, PC, President and CEO
  • US Small Business Administration, Counsel

Selected Community Activities

  • Onondaga County Drug & Rehabilitation Program, Board of Directors President

Selected Honors

  • The Best Lawyers in America®: Bankruptcy and Creditor/Debtor Rights/Insolvency, 1978-2019
  • Martindale-Hubbell AV Preeminent Peer Review Rated for Very High to Preeminent Ethical Standards and Legal Ability, 1978-2018
Knowledge

Selected Speaking Engagements

  • New York State Bar Association, CLE presentations on bankruptcy and creditors’ rights

Featured Media

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