Natasha Songonuga

Solutions

• Internal

Biography

Ms. Songonuga is a Director in the Wilmington, Delaware office of Gibbons P.C. and a member of the Financial Restructuring & Creditors’ Rights Group. In early 2020, Ms. Songonuga was selected by the Office of the United States Trustee as a Subchapter V Trustee for the District of Delaware, under the Small Business Reorganization Act of 2019.

Ms. Songonuga has extensive experience in business reorganization and restructuring matters, working across the full spectrum of Chapter 11 cases, as well as counseling creditors in assignments for the benefit of creditors state court insolvency proceedings. She represents debtors; creditors, including global and national manufacturer environmental creditors who are so-called potentially responsible parties; Chapter 11 and Chapter 7 trustees appointed under the Bankruptcy Code; landlords; bidders at bankruptcy sales; and trustees appointed pursuant to the Securities Investor Protection Act. She was one of 20 attorneys included on the 2013 Delaware Super Lawyers Rising Stars list, appearing in the Bankruptcy & Creditor/Debtor Rights category. She was also included on the 2020 and 2022 Lawdragon “500 Leading U.S. Bankruptcy & Restructuring Lawyers” lists. In representing the Chapter 11 trustee for DBSI, Inc. and its affiliates, which consist of a conglomerate of real estate entities with listed assets valued at over $2.65 billion at the time of their bankruptcy filing in November 2008, she was instrumental in the plan process, which resulted in the confirmation of a joint Chapter 11 plan of liquidation.

Ms. Songonuga handles a wide range of other matters, including managing the claims objection and reconciliation process for thousands of claims; drafting, negotiating, and objecting to plans of reorganization and liquidation; section 363 sales; stay relief motions; and handling related litigation. She has also authored and co-authored many articles on bankruptcy-related subjects.

In addition to her bankruptcy practice, Ms. Songonuga handles matters locally for the firm’s products liability clients involved in asbestos litigation and has represented landlords in FDIC receiverships of banks arising from the recent subprime debacle.