
James C. Thoman
Practices & Industries
Admissions
- New York
- U.S. District Court, Northern District of New York
- U.S. District Court, Southern District of New York
- U.S. District Court, Eastern District of New York
- U.S. District Court, Western District of New York
- U.S. Court of Appeals, Second Circuit
Education
State University of New York at Geneseo, B.A., Cum Laude
University at Buffalo School of Law, J.D., Cum Laude
Jim specializes in representing clients in restructuring and insolvency, secured lending and syndicated finance, security enforcement and equipment finance related matters.
Jim has more than 19 years of experience in the litigation of matters relating to insolvency and banking matters. He represents financial institutions, bankruptcy trustees, corporate debtors and directors of insolvent corporations, particularly in proceedings under Chapter 11 of the Bankruptcy Code. Jim also has extensive experience with distressed debtors, advising both financial institutions and other lenders on debt restructuring, debtor in possession financing, workouts and sales of distressed assets.
In addition to his insolvency practice, Jim has an active transactional practice, focusing on representing lenders and borrowers in both domestic and cross-border situations. He represents financial institutions, trust companies and factors as well as asset based lenders and borrowers. Jim is active in representing real estate developers in mortgage finance transactions. He provides advice on all aspects of personal property security.
Honors
- Listed, Best Lawyers in America (Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law) 2018 - 2023
- Greater Syracuse 40 Under Forty Award, 2008
- Thomas E. Headrick Award in Corporate Finance, SUNY Buffalo Law School
Experience
- In re Agway, Inc.; Case No. 02-65872: Jim represented the debtor and subsequently appointed liquidating trustee in a chapter 11 liquidation of one of the largest agricultural cooperatives in the Northeast.
- In re Paul Rosa, Inc. d/b/a Rosa’s Home Stores, a/k/a Rosa’s Superstores, a/k/a Rosa’s Home Center; Case No. 10-15205: Jim represented secured creditor in a Chapter 11 liquidation.
- In re Crawford Furniture Manufacturing Corporation; Case No. 11-12945 and In re Crawford Furniture Retail Outlet, Inc.; Case No. 11-12946: Jim represented a secured creditor in a Chapter 11 liquidation.
- In re TLC Health Network; Case No. 13-13294-CLB: Jim represented an affiliated hospital in providing debtor-in-possession (DIP) lending facility.
- In re Suffolk Regional Off-Track Betting Corporation; Case No. 12-43503-CEC: Jim represented PNC Bank in connection with post-petition lender in chapter 9 municipal bankruptcy.
- In re Tonawanda Coke Corp.; Case No. 18-12156-MJK: represented chapter 11 debtor facing complex environmental and toxic tort claims in liquidating assets and resolving administrative claims of Environmental Protection Agency.
Press Releases
- Hodgson Russ Press Release, August 19, 2022
- Hodgson Russ Press Release, August 19, 2021
- Hodgson Russ Press Release, August 20, 2020
- Hodgson Russ Press Release, August 20, 2019
- Press Release, August 15, 2018
- Press Release, August 15, 2017
Publications
- Hodgson Russ Banking & Finance Alert, March 27, 2023
- Hodgson Russ Banking & Finance Alert , March 13, 2023
- Hodgson Russ COVID-19 Litigation and Employment Action Team Alert, March 25, 2021
- Hodgson Russ COVID-19 Litigation and Employment Action Team Alert, March 11, 2021
- Hodgson Russ COVID-19 Litigation and Employment Action Team Alert, March 10, 2021
- Hodgson Russ COVID-19 Litigation and Employment Action Team Alert, February 8, 2021
- COVID-19 Litigation and Employment Action Team Alert, January 29, 2021
- Hodgson Russ COVID-19 Litigation & Employment Action Team Alert, January 21, 2021
- Hodgson Russ Bankruptcy, Restructuring & Commercial Litigation Alert, November 11, 2020
- Hodgson Russ COVID-19 Litigation & Employment Action Team Alert, November 4, 2020
- Hodgson Russ Bankruptcy, Restructuring & Commercial Litigation Alert, October 23, 2020
- Hodgson Russ COVID-19 Litigation & Employment Action Team Alert, October 15, 2020
- Hodgson Russ COVID-19 Litigation & Employment Action Team Alert, October 12, 2020
- Hodgson Russ COVID-19 Litigation & Employment Action Team Alert, September 10, 2020
- Hodgson Russ COVID-19 Litigation and Employment Action Team Alert, August 6, 2020
- Hodgson Russ COVID-19 Litigation and Employment Action Team Alert, July 28, 2020
- Hodgson Russ COVID-19 Litigation & Employment Action Team Alert, July 14, 2020
- Hodgson Russ Business Litigation and Bankruptcy & Restructuring Alert, June 22, 2020
- Hodgson Russ COVID-19 Litigation & Employment Action Team Alert, June 15, 2020
- Hodgson Russ Banking & Finance Alert, June 4, 2020
- Hodgson Russ Banking & Finance Alert, May 26, 2020
- Hodgson Russ Banking & Finance Alert, May 18, 2020
- Hodgson Russ Banking & Finance Alert, May 13, 2020
- Hodgson Russ Banking & Finance Alert, April 24, 2020
- Hodgson Russ Banking & Finance Alert, April 24, 2020
- Hodgson Russ Banking & Finance Alert, April 10, 2020
- Hodgson Russ Bankruptcy, Restructuring & Commercial Litigation Alert, April 8, 2020
- Hodgson Russ Banking & Finance Alert, April 8, 2020
- Hodgson Russ Banking & Finance Alert, March 30, 2020
- Hodgson Russ Banking & Finance Alert, March 30, 2020
- Hodgson Russ Banking & Finance Alert, March 24, 2020
- Hodgson Russ Cross-Border Finance Alert, January 8, 2020
- Banker Bulletin Alert, January 31, 2019
- Cross-Border Finance Alert, November 13, 2018
- Admissible and Persuasive Valuations of Debtors-in-PossessionNew York Law Journal, May 20, 2013
- Bankruptcy, Restructuring & Commercial Litigation Alert, August 28, 2012
- Bankruptcy, Restructuring & Commercial Litigation Alert, September 21, 2011
Presentations & Events
- November 17, December 1 & 15, January 5 & 19
- April 1 & 2, 2020
- April 21, 2015
- International Council of Shopping Centers (ICSC) Canadian Law Conference: Dealing With U.S.-Based TenantsToronto, ON, April 14, 2015
- Canadian Shopping Centre Law Conference: Dealing with U.S.-based TenantsToronto, ON, April 14, 2014
Professional Associations
- Member, Upstate New York Chapter of the Turnaround Management Association
-
New York State Bar Association, co-chair of the Committee on Creditors' Rights and Bankruptcy Litigation
- Former chair, Bar Association of Erie County Commercial and Bankruptcy Law Committee
- Former trustee, Central New York Bankruptcy Bar Association
Community & Pro Bono
Jim is a member of Credit Abuse Resistance Education (C.A.R.E.) and educates high school students on responsible use of credit cards and avoidance of bankruptcy.