Deirdre M. Richards

Deirdre M. Richards is a partner and concentrates her practice in bankruptcy litigation, loan workouts and commercial litigation. She serves clients in state and federal courts in Pennsylvania, New Jersey and Delaware in areas including:

  • Prosecuting Objections to Discharge and Dischargeability based on fraud in bankruptcy courts
  • Defending clients in Fraudulent Transfer litigation in bankruptcy courts
  • Litigating for clients in state and federal courts
  • Litigation breach of contract and other actions for clients in the equipment leasing and financing area
  • Litigating cash collateral issues for factors in bankruptcy courts
  • Litigating actions pursuant to Uniform Commercial Code for factors in state and federal district courts.

Ms. Richards is a member of the Legal Committee and the Amicus Curiae subcommittee for the Equipment Leasing and Finance Association, a member of the Northeast Chapter of the International Factoring Association, The National Equipment Finance Association, the American Bankruptcy Institute, the American Bar Association and the Philadelphia Bar Association. Ms. Richards was recently appointed as the Attorney State Chair of Delaware for the International Association of Credit and Collection Professionals for the 2017 – 2018 term.

Representative Matters

  • Successfully represented national equipment leasing company which objected to discharge of individual chapter 7 debtor and obtained order that is $100,000.00 judgment was non-dischargeable.
  • Successfully represented national equipment leasing company which objected to individual chapter 11 debtor’s discharge and obtained settlement requiring $100,000.00 paid to creditor.
  • Successfully represented chapter 11 trustee and debtors who confirmed chapter 11 plans of reorganization.
  • Successfully represented chapter 7 trustee in commercial disputes against creditors and insiders of debtor.

Education

  • J.D., Temple University, 1989
  • B.A., Hollins College, 1984

Bar and Court Admissions

  • Pennsylvania
  • New Jersey
  • Delaware
  • United States District Court for the Northern District of Texas
  • United States District Court for the Central District of Illinois
  • The United States District Courts for the Eastern, Middle, and Western Districts of Pennsylvania

Selected Publications

  • “The Art of Filing a Proof of Claim in a Bankruptcy Case,” LJN’s Equipment Leasing Newsletter, October, 2017
  • “Using a True Lease or TRAC Lease, Potential Complications In Bankruptcy”, LJN’s Equipment Leasing Newsletter, June, 2017
  • “When a Lessee Files for Bankruptcy,”LJN’s Equipment Leasing Newsletter, November, 2016
  • “Chapter 11 Plans of Reorganization and Equipment Leases,” LJN’s Equipment Leasing Newsletter, January, 2016

Selected Presentations

  • “Bankruptcy Litigation – What’s Unfair and What’s an Equipment Lessor to Do About it?” Equipment Leasing Finance Association, Legal Forum Speaker, May 2017
  • “Tricks of the Trade – Effective Representation of Equipment Lessors and Lenders in Bankruptcy,” Equipment Leasing Finance Association, Legal Forum Speaker, May 2016
  • “Factoring Receivables and the True Sale of the Asset,”- Presentation to Northeast Chapter of the International Factoring Association, February, 2016
  • “Bankruptcy – Equipment Lessors’ Rights Under the Bankruptcy Code and How That May Change Under the Proposed Reformation of Chapter 11,” Equipment Leasing Finance Association, Legal Forum Speaker, May, 2015