Trusted leadership in complex restructuring and bankruptcy matters.
MHR Advisory Group serves as court-appointed Plan Administrator, Liquidation Trustee, and Disbursing Agent in some of the country's most prominent retail and consumer-goods bankruptcies — combining decades of legal expertise with hands-on operating experience.
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What we do
A focused practice helping courts, trustees, and creditors navigate the most demanding restructuring matters.
Plan Administrator
Court-appointed oversight of confirmed Chapter 11 plans — managing distributions, claim reconciliation, and post-confirmation operations.
Liquidation Trustee
Fiduciary leadership of liquidating trusts: monetizing assets, prosecuting causes of action, and maximizing creditor recoveries.
Creditor Advisory
Counsel to trade creditors and creditors' committees across retail and consumer-goods restructurings nationwide.
Legal acumen meets operating experience.
Founder Steven Balasiano brings together two careers — bankruptcy practice at Kelley Drye & Warren and Stroock, followed by senior leadership roles including Chief Administrative Officer at The Children's Place and president of multiple apparel and sourcing companies.
That combination — knowing the law and knowing how businesses actually run — is why courts, trustees, and creditors turn to MHR for the matters that matter most.
Selected engagements
A snapshot of matters where MHR Advisory and its principal have served. See the full list on the Engagements page.
- Forever 21
- JOANN Stores
- LL Flooring
- Vital Pharmaceuticals
- SunPower
- Noble House
- Soft Surroundings
- Pier 1 Imports
- Francesca's
- True Religion
- Modell's Sporting Goods
- Rockport
- Stage Stores
- Big Lots
- J.Crew
- Sears
- Tuesday Morning
- L'Occitane
- Charming Charlie
- Wet Seal
- Payless ShoeSource
- Nine West