Patrick T.
Collins

Bankruptcy & Restructuring
Partner
Uniondale
T: 516-227-0649
pcollins@farrellfritz.com pcollins@farrellfritz.com
About Patrick
Patrick T. Collins concentrates in bankruptcy & restructuring and commercial litigation in federal and state courts. He has represented creditors, debtors, trustees, committees, lenders, asset purchasers, landlords, unions, officers and directors, and other parties involved in all aspects of bankruptcy proceedings and out-of-court insolvency matters, including workouts, preference, and fraudulent conveyance recovery actions.
Pat has defended hundreds of preference claims and lawsuits and also represents parties to receivership proceedings and litigation/liquidation and bankruptcy trustees, for instance, the trustee of the liquidation trust formed in the Chapter 11 bankruptcy cases of Metro Affiliates, Inc. and its affiliates (S.D.N.Y.).
In addition to bankruptcy litigation, Pat also counsels banks and other institutions in commercial litigation involving, among other subject areas, the Uniform Commercial Code and claims of lender liability. He also obtains and enforces judgments against debtors in the state of New York and prosecutes and defends commercial mortgage foreclosure actions.
Pat regularly represents charitable organizations and indigent individuals on a pro bono basis in bankruptcy, insolvency and litigation matters and has participated as a speaker or contributing author for numerous continuing legal education programs.
Prior to practicing law, Pat used his B.S.E. in mechanical engineering and materials science as an engineer for a prominent aerospace company.
Experience
- Diocese of Rockville Centre (S.D.N.Y.), Non Debtor Affiliates
- Baumann & Sons Buses (E.D.N.Y.), Shareholder & Officer
- NRAD Medical Associates (E.D.N.Y.), Creditors' Committee & Creditor Representative
- Metro Affiliates, Inc./Atlantic Express (S.D.N.Y.), Creditors' Committee & Liquidating Trustee
- Med-Depot (Eastern District of Texas), DIP Lender
- Eastman Kodak Company (E.D.N.Y.), Creditors' Committee, Co-Chair
- ChemRx Corp. (District of Delaware), Shareholder & Director sued by Trustee
- Lehman Brothers Holding (S.D.N.Y.), Contract Counterparties
- New York Home Health Care Equipment (E.D.N.Y.), Creditors' Committee
- Alrose King David, LLC (E.D.N.Y.), Debtor in possession
- Leiner Health Products, Inc. (District of Delaware), Purchaser
- Robotic Vision Systems, Inc. (District of New Hampshire), Purchaser
- Greater Southeast Community Hospital (District of Columbia), Acquirors
- American Tissue, Inc. (District of Delaware), Secured Lender
- Island Medical Center (E.D.N.Y.), Debtor in possession
Credentials
Education
- Duke University
- St. John’s University School of Law
Bar Admissions
- New York
Court Admissions
- U.S.D.C., Southern District of New York
- U.S.D.C., Eastern District of New York
Affiliations & Appointments
- Nassau County Bar Association, Past Director, Past Chair and Vice Chair, Bankruptcy Law Committee
Articles & Advisories
Governor Cuomo Signs the COVID-19 Emergency Protect Our Small Businesses Act of 2021 Establishing Eviction and Foreclosure Protections For Small Businesses
Governor Andrew M. Cuomo this week signed the COVID-19 Emergency Protect Our Small Business Act of 2021 (S471A/A3207) (the “Act”),…
March 15, 2021
Exiting Bankruptcy
A number of retailers that filed for Chapter 11 bankruptcy in the early months of the COVID-19 crisis are now…
August 31, 2020
The Foreclosing Secured Creditor –Does It Have Any Exposure?
Consider this scenario: Your bank client has lent money to an operating company secured by all of its assets. The…
November 01, 1999
News
Bed Bath & Beyond plans to liquidate. Here’s what it means for you.
Why did Bed Bath & Beyond file for Chapter 11 protection instead of Chapter 7 liquidation? Patrick Collins shares his thoughts…
April 28, 2023
Investment Firm Backs Bed Bath & Beyond’s Stock Offering
Patrick Collins was quoted in a New York Times article regarding Bed Bath & Beyond’s stock offering which allows them…
February 08, 2023
Party City Files for Bankruptcy. Why the Party Isn’t Over for Other Retailers.
Farrell Fritz Partner Patrick Collins shared his thoughts with Barron’s in coverage of Party City’s recent bankruptcy filing. Read more…
January 20, 2023
Bed Bath & Beyond’s Warning Signs Have Been Flashing for Almost a Year, Report Says
Farrell Fritz Partner Patrick Collins shared his insights with Barron’s regarding the potential bankruptcy filing at Bed, Bath and Beyond. Bed Bath & Beyond…
January 20, 2023
It may be too late for Bed Bath & Beyond
Farrell Fritz Partner Patrick Collins was quoted in a recent article in The Washington Post regarding the continued struggles of…
January 17, 2023
Bankruptcies are expected to tick higher in 2022. Hear from 5 experts on the industries most likely to crack first.
Commercial real estate is in limbo In November, Deloitte issued a hopeful projection for commercial real-estate prospects in 2022, citing…
December 30, 2021
Retail Bankruptcies’ Appeal to Investors
As bankruptcy attorneys look ahead to more bankruptcy filings in the year after the current lull, they anticipate that companies…
March 03, 2021
U.S. Bankruptcy Tracker: Brazos Bust Spotlights Texas Menace
Last week saw more real estate and hospitality firms seek court protection from creditors. The Williamsburg Hotel, which offers views of…
March 02, 2021
Men’s Wearhouse Owner Seeks New Lifeline After Bankruptcy Exit
Men’s Wearhouse owner Tailored Brands Inc. is seeking a lifeline to help it stay afloat less than three months after it emerged…
March 01, 2021
Francesca’s Files for Bankruptcy, Pursues a Sale
Francesca’s, which has struggled for years amid declines in apparel demand and mall traffic, already has a potential new owner.…
December 04, 2020
J.C. Penney Lender Fight Shows Competing Bankruptcy Interests
“It’s an argument for whether you can sell outside the [Chapter 11] plan before minority lenders [arguably] have a chance…
October 28, 2020
J.C. Penney Sale Talks Ongoing as Due Dates Loom
J.C. Penney is still negotiating its planned sale to a group of first-lien lenders and landlords Simon Property Group and Brookfield Property,…
October 15, 2020
Box Office Bomb: Silver Screens Go Dark in Pandemic
It’s one bad scene after another for movie theaters, with no red carpets or fancy premieres in sight. Regal Cinemas,…
October 13, 2020
Retail Roundup: Last call for Neiman Marcus’ off-price store on LI
It’s the last call for Last Call. Neiman Marcus Last Call, an off-price clothing and home décor store, will close at…
August 20, 2020
Coronavirus Has Changed Retail Bankruptcy and Left Landlords in the Lurch
Once a retailer files for bankruptcy, it still has to pay “administrative expenses,” which include rent going forward, even though…
April 22, 2020
True Religion’s Bankruptcy Filings Reflect New COVID-19 Realities
“Whether they’re going to have the money at the end of the 60 days is a good question,” said Patrick…
April 15, 2020
Bankruptcy? Not So Fast
…[F]or retailers now dealing with the mass of store closures, supply chain delays and rent issues caused by the pandemic, the…
March 31, 2020
Forever 21 Nears Bid Deadline Amid Hopes for an Alternative
Time is running out for Forever 21, but the bankrupt retailer might still be weighing its options. Currently in the driver’s…
February 07, 2020
The Twilight Days of Old Barneys New York
The Barneys New York liquidation sales are moving to their final phase, with in-store sales expected to run until the…
January 07, 2020
4 LI Stores Owned By Destination Maternity May Close By End of Year
Patrick Collins was quoted in a Newsday article which provided new information regarding news of Destination Maternity filing for bankruptcy.…
October 29, 2019
Forever 21 says bankruptcy not imminent as possible store closures loom
Patrick Collins was quoted in a Daily News article which provided more information regarding speculation of Forever 21 filing for…
September 12, 2019
Barneys looks to survive as debts mount
Patrick Collins was quoted in Crain’s New York Business regarding Barneys New York and its bankruptcy filing. Below is an excerpt from…
September 04, 2019
Francesca’s CFO to depart
Francesca’s Holdings Corp. on Monday announced that Chief Financial Officer Kelly Dilts plans to resign effective July 19 “to pursue…
July 03, 2019
Madewell names 1st CEO
J. Crew itself may not have a CEO at the moment, but now its Madewell brand does. The denim-focused brand…
April 04, 2019
J. Crew once again in debt restructuring talks
J. Crew’s financial situation threatens to imperil its efforts to revive its namesake brand and grow its smaller, but better-performing,…
March 29, 2019
Workers Are Pushing for Their Share of U.S. Bankruptcy Payouts
Workers can lose everything when their employer files for bankruptcy. At least for now. A pro-labor movement sparked by the…
March 05, 2019
When big retailers go bankrupt
Patrick Collins, partner, was quoted in this article. “Retail bankruptcy filings are going to go on for the foreseeable future,”…
November 12, 2018
Mattress Firm store in Oceanside has closed amid bankruptcy filing
Patrick Collins, partner, is quoted in this article. A newly closed Mattress Firm store in Oceanside is among 99 locations in the retailer’s…
October 19, 2018
Newsday: Patrick Collins Explains What Filing for Bankruptcy Can Do for You
February 02, 2009
Market Watch: Farrell Fritz Provides Legal Advice in NBTY Purchase of Leiner Health Products
To read the article, please copy and paste the following article into your browser: http://www.marketwatch.com/news/story/nbty-closes-purchase-leiner-health/story.aspx?guid=%7B1684AD08-D7B5-42C6-BA1E-6FF45872E361%7D&dist=hppr
Press Releases
21 Farrell Fritz Attorneys Recognized as 2023 Leading Lawyers by Best Lawyers
Farrell Fritz congratulates 17 attorneys on being selected by their peers for inclusion in The Best Lawyers in America© 2023.…
August 18, 2022
27 Farrell Fritz Attorneys Recognized as 2021 Leading Lawyers in Their Respective Areas of Practice
Farrell Fritz has a combined total of 27 attorneys selected to the 2021 New York Metro Super Lawyers and New…
September 30, 2021
17 Farrell Fritz Attorneys Recognized as 2022 Leading Lawyers by Best Lawyers
Farrell Fritz congratulates 12 attorneys on being selected by their peers for inclusion in The Best Lawyers in America© 2022.…
August 19, 2021
30 Farrell Fritz Attorneys Recognized as 2020 Leading Lawyers in Their Respective Areas of Practice
Farrell Fritz has a combined total of 30 attorneys selected to the 2020 New York Metro Super Lawyers and New…
November 04, 2020
18 Farrell Fritz Attorneys Recognized as 2021 Leading Lawyers by Best Lawyers
Farrell Fritz congratulates twelve attorneys on being selected by their peers for inclusion in The Best Lawyers in America© 2021.…
August 20, 2020
29 Farrell Fritz Attorneys Recognized as 2019 Leading Lawyers in Their Respective Areas of Practice
Farrell Fritz has a combined total of 29 attorneys selected to the 2019 New York Metro Super Lawyers and New…
September 17, 2019
30 Farrell Fritz Attorneys Recognized as 2018 Leading Lawyers in Their Respective Areas of Practice
Farrell Fritz had a combined total of 30 attorneys selected to the 2018 New York Metro Super Lawyers and New…
September 13, 2018
31 Farrell Fritz Attorneys Recognized as 2017 Leading Lawyers in their Respective Areas of Practice
Farrell Fritz had a combined total of 31 attorneys selected to the 2017 New York Metro Super Lawyers and New…
September 20, 2017
30 Farrell Fritz Attorneys Recognized as 2016 Leading Lawyers in their Respective Areas of Practice
Farrell Fritz had a combined total of 30 attorneys selected to the 2016 New York Metro Super Lawyers and New…
September 21, 2016
30 Farrell Fritz Attorneys Recognized as 2015 Leading Lawyers in their Respective Areas of Practice
Farrell Fritz had a combined total of 30 attorneys selected to the 2015 New York Super Lawyers and New York…
September 16, 2015
30 Farrell Fritz Attorneys Recognized as 2014 Leading Lawyers in their Respective Areas of Practice
Farrell Fritz had a combined total of 30 attorneys named to the 2014 New York Super Lawyers and New York…
September 23, 2014
Farrell Fritz Attorneys Recognized as Leading Lawyers in their Respective Areas of Practice
Farrell Fritz congratulates ten partners and one counsel on being selected for the 2012 New York Super Lawyers – Metro…
October 11, 2012
Farrell Fritz Partners Named to the New York Super Lawyers and Rising Stars Lists
Farrell Fritz congratulates seven partners on being selected for inclusion on the New York Super Lawyers 2011 – Metro Edition…
October 27, 2011
Farrell Fritz, P.C. Appoints Four New Counsel and Jodi L. Gladstone Joins as a New Associate
January 03, 2005
Recognition

Super Lawyers
New York Metro (Bankruptcy: Business) 2016–Present, (Bankruptcy) 2013–2015, (Bankruptcy & Creditor/Debtor Rights) 2012, (Business/Corporate) 2011

Best Lawyers
Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law 2021-Present
Community Work
Pat is board chair of Mercy Haven, Inc.