Bio

Alice Byowitz represents mutual funds, distressed investors, indenture trustees and creditor committees in some of the largest, most complex and highest-profile municipal restructurings and corporate reorganizations, both in and out of court. Alice’s clients include OppenheimerFunds/Invesco, Nuveen Asset Management, Franklin Advisers and BlackRock, and she currently represents the Official Committee of Unsecured Creditors in the Hertz Corporation’s bankruptcy. Alice has been involved in the nation’s largest municipal bankruptcies, including those of Puerto Rico, Detroit, and Jefferson County. She played a key role on the Kramer Levin team representing holders of more than $10 billion of bonds issued by Puerto Rico, including in a victory before the U.S. Supreme Court and two before the U.S. Court of Appeals for the First Circuit on behalf of holders of $3.2 billion of bonds issued by the Puerto Rico Electric Power Authority, as well as in negotiating a landmark restructuring support agreement prior to enactment of the federal Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) restructuring law. She was involved in the firm’s representations of holders of $1 billion in certificates of participation in the Detroit Chapter 9 bankruptcy case and holders of $900 million in secured sewer warrants of Jefferson County in its Chapter 9 bankruptcy case. Among her most notable work in Chapter 11 corporate restructuring, Alice represents the Hertz creditors committee and was involved in the firm’s representation of the Official Committee of Unsecured Creditors in the Toys “R” Us bankruptcy and of the indenture trustee and a steering committee for $2.2 billion in second-lien notes in the Energy Future Holdings Corp. bankruptcy. Alice has been recognized as a rising star in Thompson Reuters’ New York Super Lawyers since 2017.