
Overview
Isaac Sasson is a partner in Paul Hastings' Financial Restructuring practice, based in the firm's New York office. He advises creditors, ad hoc groups, private credit funds, official committees of unsecured creditors, private equity funds and private companies across complex liability management transactions and in-court and out-of-court restructurings.
Isaac's practice is as much commercial as it is legal. He works with clients across the full arc of a restructuring and liability management exercise — from ad hoc group organization, negotiation strategy, getting to yes, documentation and litigation when it comes to that — with a particular focus on navigating competing interests and building consensus.
As a client recently noted in Chambers USA: Isaac is "not afraid of the numbers, and brings a nice mix of commercial and legal expertise to bear. He is hands-on with every aspect of the transaction."
Isaac has served as counsel on some of the largest in-court and out-of-court restructurings and liability management transactions of the past decade, including FTX ($20+ billion), Caesars Entertainment Operating Company ($18 billion), Intelsat ($14.7 billion), Travelport ($4.3+ billion) and Franchise Group ($2.4 billion).
Accolades
- Outstanding Young Restructuring Lawyer, Turnarounds & Workouts, 2026
- Nationally Recommended, Restructuring Including Bankruptcy: Corporate, Legal 500 USA, 2025
- Ones to Watch in America, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, Best Lawyers, 2025
- Next Generation Program, National Conference of Bankruptcy Judges, 2024
- Mega Company Turnaround/Transaction of the Year (FTX), Turnaround Management Association, 2025
- Restructuring of the Year, Over $10B (Intelsat), The M&A Advisor, 2023
- Successful Restructurings of the Year (Pipeline Health), Turnarounds & Workouts, 2023
Education
- New York University School of Law, J.D., 2015
- Symposium Editor, Journal of Law and Liberty
- City University of New York, Brooklyn College, B.A. (magna cum laude), 2012
Representations
- Boardriders (ad hoc group of priming lenders).
- Brazos Electric Cooperative, Inc. (creditor).
- Caesars Entertainment Operating Company et al. (certain stakeholders).
- Commonwealth of Puerto Rico (bondholders).
- Crew Group Inc. (company).
- Deluxe Entertainment Services Group, Inc. (ad hoc group of secured lenders).
- Desktop Metal (ad hoc group of secured and convertible noteholders).
- Embarq (ad hoc group of noteholders).
- Empire Today (ad hoc group of secured lenders).
- Florida Food Products (ad hoc group of first lien lenders).
- Franchise Group (ad hoc group of first lien and DIP lenders).
- FTX (official committee of unsecured creditors).
- GT Real Estate Holdings LLC (certain stakeholders).
- Intelsat (ad hoc group of convertible noteholders).
- Loparex (second lien lender).
- The Container Store (ad hoc group of secured lenders & DIP lenders).
- The McClatchy Company (official committee of unsecured creditors).
- Mesquite Energy (special committee of the board of directors).
- New You Bariatric Group (secured lender; agent).
- Output Services Group, Inc. (ad hoc group of secured lenders).
- Petmate (minority lenders).
- Pipeline Health Systems (DIP, prepetition term lenders & equity).
- Strike LLC (stalking horse purchaser; secured lender).
- Sonrava/Western Dental (ad hoc group of secured lenders).
- Travelport (ad hoc group of priority lenders).
News
- Paul Hastings Advises Ad Hoc Group of Term Lenders to Empire Today - May 6th, 2026
- Paul Hastings Advises Cadre Holdings on Safariland’s Section 363 Acquisition of Assets From Tedder Industries - April 21st, 2026
- Paul Hastings Advises Ad Hoc Group of First Lien Lenders to Florida Food Products - October 14th, 2025
- Paul Hastings Advises Noteholders in Confirmed Desktop Metal Chapter 11 Bankruptcy Exit - October 3rd, 2025
- Paul Hastings Advises Ad Hoc Group of First Lien Lenders in Franchise Group Chapter 11 Bankruptcy Exit - June 9th, 2025
- Paul Hastings Advised an Ad Hoc Group of Term Lenders and DIP Lenders in the Restructuring of The Container Store - January 29th, 2025
- Paul Hastings Advised Lenders Financing the Restructuring of Franchise Group, Inc. - November 8th, 2024
- Paul Hastings Advised FTX Unsecured Creditors to Confirmed Reorganization Plan - October 9th, 2024
- Isaac Sasson Selected to Participate in 2024 National Conference of Bankruptcy Judges Next Generation Program - September 16th, 2024
- Paul Hastings Advised Priority Lenders on Travelport’s $4.3+ Billion Recapitalization and Equity Financing - January 2nd, 2024
Accolades
Engagement & Publications
Publications:
- “Treatment of Letters of Credit in Bankruptcy: A Primer,” Annual Survey of Bankruptcy Law 4, Co-Author (2019)
- “What Constitutes a Transfer of ‘All or Substantially All’ of a Borrower’s Assets for Purposes of Indentures and Credit Agreements?” New York Law Journal, Co-Author (June 8, 2018)
- “Introduction to Ad Hoc Committees In Distressed Situations,” New York Law Journal, Co-Author (September 29, 2016)
- Judicial Review of Plan Support Agreements: A Review and Analysis, 9 NYU J.L. & Liberty 850, Author (2015)
Speaking Engagements:
- "When Superpriority Isn’t So Super: Losses, Lessons, and the New Reality of Debtor in Possession Financing," TMA NYC Distressed Investing Seminar, Speaker (April 15, 2026)
Involvement
- Member – American Bankruptcy Institute