Overview
David B. Stratton is Senior Counsel in the firm’s Bankruptcy, Restructuring & Creditors’ Rights practice. He serves a pivotal role in the firm’s practice group, providing sophisticated and trusted counsel on complex issues impacting numerous parties to bankruptcy proceedings, and offering strategic counsel to clients in bankruptcy litigation. A Chambers-ranked, highly regarded lawyer in the bankruptcy bar and throughout Delaware, David advises clients on risk mitigation and strategies to meet their goals.
David has decades of experience representing a wide variety of clients across diverse industries, including debtors, creditors’ committees, chairmen and members of creditors’ committees, secured and unsecured creditors, landlords, asset acquirers, indenture trustees, appointed trustees and examiners in both Chapter 11 and Chapter 7 cases, and many other parties-in-interest as both lead and co-counsel in Bankruptcy Courts in the District of Delaware and other jurisdictions throughout the country. In addition, Stratton has significant experience representing clients in bankruptcy litigation matters. Stratton also himself serves as an appointed trustee in complex bankruptcy cases. His extensive experience includes representing clients in cases involving many industry sectors, including retail, technology, health care, manufacturing, transportation, production companies, banking, construction, retail, and service businesses.
Prior to joining Pashman Stein, David was Senior Counsel at Whiteford, Taylor & Preston LLC; previously he was a partner at Troutman Pepper and its predecessors for more than 30 years.
An active attorney in the bankruptcy bar, David is a Fellow of the American College of Bankruptcy.
Recognition
Honors & Recognitions
- Selected for inclusion in the list of Chambers USA: Bankruptcy/Restructuring, Delaware, 2003–2023, and in the distinguished category of Senior Statespeople, 2024
- Selected for inclusion in the list of Best Lawyers, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Wilmington DE Area, 2006-2025
- Selected for inclusion in the list of Delaware Super Lawyers, 2007-2023
Chambers USA ranking list is published by Chambers & Partners. A description of the selection methodology can be found at https://chambers.com/about-us/methodology.
The Best Lawyers list is issued by BL Rankings, LLC of the selection methodology can be found at https://www.bestlawyers.com/About/MethodologyBasic.aspx.
The Super Lawyers list is issued by Thomson Reuters. A description of the selection methodology can be found at http://www.superlawyers.com/about/selection_process.html.
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News & Insights
News
Publications
Contributor, Bankruptcy Exemption Manual, West, 2009
Contributing Editor, "A Year in Review: Delaware DIP Orders in 2008," American Bankruptcy Institute Journal, April 2009
Author, "A Measured Response to Critics of Delaware Venue: Part I," American Bankruptcy Institute Journal, Vol. XXVI, No. 3, April 2007
Author, "A Measured Response to Critics of Delaware Venue: Part II," American Bankruptcy Institute Journal, Vol. XXVI, No. 4, May 2007
Author, "Reflections on the Extraterritorial Application of the Bankruptcy Code," American Bankruptcy Institute Journal, Vol. XXIV, No. 7, September 2005
Author, "Special Purpose Entities and Authority to File Bankruptcy," American Bankruptcy Institute Journal, Vol. XXIII, No. 2, March 2004
Associations
Community & Professional
Fellow, American College of Bankruptcy
Board Member, Christiana Care Health Systems (2017–Present)
Past Board Member, Better Business Bureau of Delaware, Inc. (1992-2008); Executive Committee Chair (1996-1998)
Past Chair, Delaware’s Combined Campaign for Justice
Practice Areas
Bar Admissions
- Delaware
Court Admissions
- U.S. District Court, District of Delaware
- U.S. Bankruptcy Court, District of Delaware
- U.S. Bankruptcy Court, Southern District of New York
Education
J.D., cum laude, University of Pittsburgh School of Law
A.B., magna cum laude, Gettysburg College