Biography
Aaron H. Stulman is a partner in our Bankruptcy, Restructuring & Creditor’s Rights practice. For over a decade, he has counseled clients in a wide range of industries to navigate the distressed waters of insolvent companies, both in and out of court. He regularly represents debtors, official and ad hoc committees, secured lenders, liquidation trusts, asset purchasers, individual creditors and other significant stakeholders in chapter 11, chapter 7 and chapter 15 bankruptcy proceedings before the United States Bankruptcy Court for the District of Delaware. He also has extensive experience litigating in bankruptcy court, including prosecuting, defending, and mediating avoidance actions under chapter 5 of the Bankruptcy Code.
Bankruptcy clients are businesses in very difficult financial circumstances, either because they are in severe financial distress or they are in a business relationship with a company that is. In addition, their management finds themselves enmeshed in a completely unfamiliar, very technical legal and business process that will have a major impact on the enterprise for decades to come. In a sense, bankruptcy is the ultimate terra incognita for companies. Aaron sees his role as helping these clients make the very best out of a bad situation, often with surprisingly positive outcomes, particularly over the long term. An adeptly managed insolvency matter can be an excellent strategic decision for many clients, and a game-changer.
In this context, Aaron partners with co-counsel, GCs, CROs, financial advisors and other restructuring professionals to help his clients find the optimal path through the bankruptcy process. Depending on the client and the case, he may draft documents, initiate or defend litigation, argue motions or attend hearings, manage the day-to-day, negotiate with other parties or, perhaps most importantly, educate his clients in the legal and factual nuances of the bankruptcy process.
In addition to his knowledge of the law, Aaron offers his clients the benefit of deep familiarity with the Delaware bankruptcy ecosystem. Gathered from years of experience, Aaron has significant familiarity with the local practice and the Delaware bankruptcy judiciary, which gives him unique, invaluable insight. He can often anticipate how a judge may handle a factual or procedural issue, which adds immeasurable value for clients. He provides his clients with predictability in what seems like an unpredictable situation.
In the latest edition of Chambers USA, market sources note that "Aaron is a really good advocate and is pleasant to work with," and "is very persuasive in court and has fantastic client service."
In his spare time, Aaron enjoys time with his wife and two young kids, plays golf when he can, and beaches at his family vacation house in Rehoboth Beach.
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Practice Areas
Experience
Representative Matters
Debtor Representations
- Counsel to the debtors, CalAmp Corp, et al., 24-11136 (LSS)
- Counsel to the debtors, Humanigen, Inc., Case No. 24-10003 (BLS)
- Co-counsel to the debtors, DeCurtis Holdings LLC, Case No. 23-10548 (JKS)
- Counsel to the debtors, Taronis Fuels, Inc., et al., Case No. 22-11121-BLS
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Co-counsel to the debtors, Clarus Therapeutics Holdings, Inc., et al., Case No. 22-10845 (MFW)
- Co-counsel to the debtors, Pack Liquidating, LLC (f/k/a Packable Holdings, LLC), Case No. 22-10797 (CTG)
Committee Representations
- Co-counsel to the official committee of unsecured creditors, Amyris, Inc., et al., Case No. Case No. 23-11131 (TMH)
- Co-counsel to the official committee of unsecured creditors, ViewRay, Inc., Case No. Case No. 23-10935 (KBO)
- Co-counsel to the official committee of unsecured creditors, In re SiO2 Medical Products, Inc., Case No. 23-10366 (JTD)
- Co-counsel to the official committee of unsecured creditors, Independent Pet Partners Holdings, LLC, et al., Case No. 23-10153 (LSS)
- Co-counsel to the official committee of unsecured creditors, Clovis Oncology, Inc., et al., Case No. 22-11292 (JKS)
- Co-counsel to the official committee of unsecured creditors, BHCosmetics Holdings, LLC, et al., Case No. 22-10050 (CSS)
Liquidating Fiduciary Representations
- Co-counsel to the liquidating trustee, SiO2 Medical Products, Inc., et al., Case No. 23-10366 (JTD)
- Co-counsel to the liquidating trustee, Independent Pet Partners Holdings, LLC, Case No. 23-10154 (LSS)
- Co-counsel to the liquidating trustee, Olympia Sports Acquisitions, LLC, Case No. 22-10853 (MFW)
- Co-counsel to the liquidating trustee, Furniture Factory Ultimate Holding, L.P., et al., Case No. 20-12816 (JKS)
- Co-Counsel to GUC trustee, Exide Holdings, Inc., et al., Case No. 20-11157 (CSS)
Other Significant Representations
- Co-counsel to certain prepetition lenders, Project Sage Oldco, Inc. (f/k/a Sientra, Inc.), Case No. 24-10245 (JTD)
- Co-counsel to significant asset purchaser, Zymergen, Inc., Case No. 23-11661 (KBO)
- Co-counsel to certain prepetition lenders, Salem Harbor Power Development LP (f/k/a Footprint Power Salem Harbor Development LP), et al., Case No. 22-10239 (MFW)
Professional Activities & Recognition
Honors & Recognitions
- Ranked by Chambers USA as "Up and Coming," 2024
- Listed in Delaware Super Lawyers as a Rising Star, 2018 - 2022
- Listed in The Best Lawyers in America®, 2023 - present
- Listed in Best Lawyers: Ones to Watch® in America for Litigation – Bankruptcy and Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law (2021-2022)
Professional
- Participant in the National Conference of Bankruptcy Judges, NextGen Program, 2017
- Selected in the Delaware Chapter of the Federal Bar Association, Bankruptcy Trial Practice Seminar, 2017
- Vice Chair, Bankruptcy Litigation Subcommittee, ABA Business Law Section
- Member, American Bankruptcy Institute
- Barrister, Delaware Bankruptcy Inn of Court
- Member, Turnaround Management Association
- Member, Delaware State Bar Association
- Board Member, Congregation Beth Shalom
Education
Widener University Delaware Law School, J.D., magna cum laude
Franklin and Marshall College, B.A.
Bar & Court Admissions
Bar Admissions
- Delaware
- New York
- U.S. District Court, District of Delaware
- U.S. District Court, Southern District of New York
- U.S. Court of Appeals, Third Circuit