Image: Jon Canfield

Jon Canfield

Partner, Corporate Department


Jonathan Canfield is a partner in the Financial Restructuring group at Paul Hastings and is based in the firm’s New York office. He represents creditors and investors in restructuring financially distressed companies in chapter 11 and out-of-court restructurings, and in developing and executing distressed investment strategies.

Mr. Canfield’s clients include bondholders, lenders and other creditors, acquirers, investors, DIP lenders, official creditors’ committees, equity holders and debtors. He frequently represents hedge funds, private equity funds, banks and large institutional investors. In addition, he has experience representing major financial institutions and borrowers in a broad range of high value cross-border and domestic asset finance transactions, including syndicated secured loans, acquisition finance, private placements of debt and equity, public offerings and mergers and acquisitions.


  • Chambers USA (Recognized Practitioner)
  • IFLR1000, Rising Star
  • The Legal 500, Next Generation Lawyer
  • The M&A Advisor, 2021 Energy Deal of the Year (over $1B) for EP Energy
  • Super Lawyers, Rising Star
  • Turnarounds & Workouts, Outstanding Young Restructuring Lawyer


  • J.D., magna cum laude, Hofstra University School of Law, 2006; Articles Editor, Hofstra Law Review
  • B.S., cum laude, Clarkson University, 2002


  • ATI Education, Inc. (secured lenders)
  • Boardriders (ad hoc group of noteholders)
  • Brookstone, Inc. (DIP lenders/ad hoc bondholder committee)
  • Caesars Entertainment Operating Co. (ad hoc bank lender committee)
  • Carlson Wagonlit Travel (ad hoc group of secured noteholders)
  • China Medical Technologies, Inc. (ad hoc bondholder committee)
  • Deluxe Entertainment (ad hoc group of lenders)
  • Diebold Nixdorf (debt finance provider)
  • DynCorp International Inc. (ad hoc noteholder committee/new term loan lenders)
  • Empire Generating Co (ad hoc bank lender committee)
  • EP Energy (official creditors committee)
  • Fred Leighton Holdings, Inc. (senior secured lender)
  • Guitar Center (ad hoc group of noteholders)
  • Hovnanian Enterprises, Inc. (debt finance provider)
  • Indiana Downs / Indiana Live! (ad hoc noteholder committee)
  • J.C. Penney Company, Inc. (ad hoc secured crossover group)
  • Loehmann’s (debtor)
  • Momentive Performance Materials Inc. (ad hoc bondholder committee/certain backstop parties)
  • Outerstuff (company)
  • Panda Temple Power (DIP lenders/ad hoc bank lender committee)
  • Party City (ad hoc group of lenders)
  • Patriot Coal Corp. (ad hoc bondholder committee)
  • Pyxus (ad hoc group of lenders)
  • Revlon (ad hoc group of bondholders)
  • Sandy Creek Energy Station (ad hoc group of lenders)
  • School Specialty, Inc. (DIP lenders/ad hoc bondholder committee)
  • Seadrill Ltd. (ad hoc bondholder committee)
  • Sears Holdings Corp. (second lien lender)
  • SFX Entertainment, Inc. (DIP lenders, foreign loan lenders and ad hoc bondholder committee)
  • Toys “R” Us, Inc. (FILO DIP lenders)
  • TPC Group (first and second lien noteholders, DIP lenders, backstop parties)
  • Xerium Technologies, Inc. (debtor)

Engagement & Publications

  • Co-author, “What Conduct is Required to Designate Votes Pursuant to Bankruptcy Code Section 1126(e)?” Norton Annual Survey Banker Law, 2014 Edition
  • Co-author, “‘Allied’ May Expand Circumstances for Reopening a Bankruptcy Auction,” New York Law Journal, 2013
  • Co-author, “The Preemption of Contractual Anti-Assignment Provisions in Bankruptcy: A Survey of Cases from FCX to Federal-Mogul,” Norton Annual Survey, 2013
  • Co-author, “Minimum Jurisdictional Threshold for U.S. Bankruptcy Courts in Cross-border Insolvency Cases,” INSOL World, Second Quarter
  • Co-author, “Clearing the Track: Delaware Bankruptcy Court Clarifies Post-Petition Lock-up Designation Standards in In re Indianapolis Downs, LLC,” ABI Journal, 2013
  • Co-author, “Circus & Eldorado Joint Venture: Court Rules on ‘Bad Faith’ for Vote Designation,” New York Law Journal, 2012
  • Co-author, “How Low Can You Go? Minimum Jurisdictional Threshold for U.S. Bankruptcy Courts in Cross-Border Insolvency Cases,” ABI International Committee News, 2012

Practice Areas

Financial Restructuring




New York Bar


Hofstra University, J.D. 2006

Clarkson University, B.S. 2003

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