Josh Brody’s practice focuses on representing clients in complex Chapter 11 bankruptcy cases and other distressed situations, including out-of-court restructurings, liability management transactions, debtor-in-possession financing and distressed asset sales.

He represents a diverse range of creditors at all levels of complex structures, including secured and unsecured, bondholders and term loan holders, indenture trustees, creditors’ committees, and trade creditors. Josh also advises hedge funds and other financial institutions on the rights and remedies of debtholders and in understanding elaborate corporate and capital structures.

Josh joined the firm as a partner in 2025 from another major international law firm.

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Notable Experience (including those prior to joining Cleary)

Creditor Representations

  • An ad hoc group of first lien term lenders in the out-of-court debt restructuring of AMC Entertainment Holdings Inc.

  • An ad hoc group of first lien creditors in the Chapter 11 cases of Endo International plc, a specialty pharmaceutical company, and its affiliates.

  • An ad hoc group of first lien term lenders to Mallinckrodt plc in its multibillion-dollar Chapter 11 cases.

  • An ad hoc group of first lien term lenders in the $778 million out-of-court debt restructuring of global textile manufacturer Elevate Textiles.

  • An ad hoc group of first lien term lenders in the $450 million out-of-court debt restructuring of dietary supplement company Isagenix International.

  • An ad hoc group of unsecured claimholders in the Grupo Aeroméxico SAB de CV Chapter 11 bankruptcy, due to the COVID-19 pandemic.

  • An ad hoc crossholder group of Jackson bondholders in the Chapter 11 cases of satellite services provider Intelsat S.A.

  • An ad hoc group of secured and unsecured bondholders in the Chapter 11 cases of merchant power generator FirstEnergy Solutions Corp.

  • An ad hoc group of secured bondholders in the Chapter 11 restructuring of rare earth minerals company Molycorp Inc.

  • The official committee of unsecured creditors in the Chapter 11 cases of snack food manufacturer Hostess Brands.

  • The official committee of unsecured creditors in the Chapter 11 cases of steel manufacturer WP Steel Ventures.

  • The official committee of unsecured creditors in the Chapter 11 cases of “racino” owner/operator Magna Entertainment Corp.

  • The official committee of unsecured creditors in the Chapter 11 cases of mortgage servicer Capmark Financial Group.

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Company Representations

  • Sequential Brands, a brand management company, in its Chapter 11 bankruptcy and sale of multiple brands including Ellen Tracy, Caribbean Joe, Heely’s, And1, Avia, Gaiam, and SPRI.

  • Bank holding company First Mariner Bancorp in its Chapter 11 case and subsequent sale.

  • Molecular Insight Pharmaceuticals, drug development company, in its Chapter 11 case.

  • Bally Total Fitness, fitness center operator, in its Chapter 11 case.

  • Torch Offshore, offshore construction/pipe laying company in its Chapter 11 case.

  • Global Crossing, builder/operator of an international fiber-optic network, in its Chapter 11 case.

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