Overview
Isaac Sasson is of counsel in Paul Hastings’ Financial Restructuring group and is based in the firm’s New York office, where he focuses on restructuring and creditors’ rights across an array of industries, including energy, cryptocurrency, technology, healthcare, entertainment and media. Mr. Sasson has considerable experience representing creditors, ad hoc committees, official committees of unsecured creditors, private equity funds, and private companies in distressed situations. To that end, Mr. Sasson has been involved in some of the largest bankruptcies over the past decade, including FTX, Caesars Entertainment Operating Company, the Puerto Rico Sales Tax and Financing Corporation (COFINA), and Intelsat. He also has significant experience in complex litigation and liability management transactions.
Recognitions
- Best Lawyers: Ones to Watch in America for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, 2025
- National Conference of Bankruptcy Judges Next Generation program, 2024
- The M&A Advisor, 2023 Restructuring of the Year (Over $10B) for Intelsat
Education
- New York University School of Law, J.D., 2015
- Symposium Editor, Journal of Law and Liberty
- City University of New York, Brooklyn College, B.A. (magna cum laude), 2012
Representations
- Boardriders (ad hoc group of priming lenders)
- Brazos Electric Cooperative, Inc. (creditor)
- Brookstone (indenture trustee)
- Burkhalter Rigging Inc. (secured lender)
- Caesars Entertainment Operating Company et al. (certain stakeholders)
- Chaparral Energy (ad hoc noteholder committee)
- Commonwealth of Puerto Rico (bondholders)
- Crew Group Inc. (company)
- Deluxe Entertainment Services Group, Inc. (ad hoc group of secured lenders)
- Embarq (ad hoc group of noteholders)
- Empire Today (ad hoc group of secured lenders)
- Franchise Group (ad hoc group of first lien and DIP lenders)
- FTX (official committee of unsecured creditors)
- GM Avoidance Action Adversary (ad hoc group of term lenders)
- GT Real Estate Holdings LLC (certain stakeholders)
- iHeartMedia (indenture trustee)
- Intelsat (ad hoc group of convertible noteholders)
- Loparex (second lien lender)
- The McClatchy Company (official committee of unsecured creditors)
- Mesquite Energy (special committee of the board of directors)
- New You Bariatric Group (secured lender; agent)
- Output Services Group, Inc. (ad hoc group of secured lenders)
- Petmate (minority lenders)
- Pipeline Health Systems (DIP, prepetition term lenders & equity)
- Strike LLC (stalking horse purchaser; secured lender)
- Sonrava/Western Dental (ad hoc group of secured lenders)
- Travelport (ad hoc group of priority lenders)
news
- Paul Hastings Advised Lenders Financing the Restructuring of Franchise Group, Inc. - November 8th, 2024
- Paul Hastings Advised FTX Unsecured Creditors to Confirmed Reorganization Plan - October 9th, 2024
- Isaac Sasson Selected to Participate in 2024 National Conference of Bankruptcy Judges Next Generation Program - September 16th, 2024
- Paul Hastings Advised Priority Lenders on Travelport’s $4.3+ Billion Recapitalization and Equity Financing - January 2nd, 2024
Engagement & Publications
- Co-author, “Treatment of Letters of Credit in Bankruptcy: A Primer,” Annual Survey of Bankruptcy Law 4, 2019
- Co-author, “What Constitutes a Transfer of ‘All or Substantially All’ of a Borrower’s Assets for Purposes of Indentures and Credit Agreements?” New York Law Journal, June 8, 2018
- Co-author, “Introduction to Ad Hoc Committees In Distressed Situations,” New York Law Journal, September 29, 2016
- Author, Judicial Review of Plan Support Agreements: A Review and Analysis, 9 NYU J.L. & Liberty 850 (2015)
Involvement
- Member, American Bankruptcy Institute