516-227-0700

Patrick T.
Collins

Bankruptcy & Restructuring

Partner

Uniondale

T: 516-227-0649

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.

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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
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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

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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

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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

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News

Patrick T. Collins Quoted in Newsday: Attorney general sues Vantage Travel, alleging failure to refund New York customers

The state attorney general is suing a Boston travel company for allegedly failing to pay refunds to more than 100 New Yorkers whose trips, often…

September 19, 2023

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Newsday: Patrick Collins Explains What Filing for Bankruptcy Can Do for You

February 02, 2009

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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

Four Named As Counsel at Farrell Fritz

March 01, 2005

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Press Releases

23 Farrell Fritz Attorneys Recognized as 2023 Leading Lawyers in Their Respective Areas of Practice

Farrell Fritz has a combined total of 23 attorneys selected to the 2023 New York Metro Super Lawyers and New…

September 26, 2023

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29 Farrell Fritz Attorneys Recognized as 2024 Leading Lawyers by Best Lawyers

Farrell Fritz congratulates 19 attorneys on being selected by their peers for inclusion in The Best Lawyers in America©  2024.…

August 18, 2023

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Farrell Fritz, P.C. Appoints Four New Counsel and Jodi L. Gladstone Joins as a New Associate

January 03, 2005

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Recognition

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Super Lawyers

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

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Best Lawyers

Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law 2021-Present

Community Work

Pat is board chair of Mercy Haven, Inc.