Ostrow, Steven E.

Current Employment Position(s)

PartnerBusiness Department

Lawyer Overview

Mr. Ostrow is a partner in the Business Department and chairs the Financial Restructuring and Bankruptcy Practice Group. He primarily represents financial institutions, loan and asset purchasers, equipment lessors, insurance companies and other secured creditors in commercial foreclosures, loan workouts, bankruptcy proceedings, property/rent receiverships, complex asset recovery actions and lender liability cases.  Mr. Ostrow has foreclosed upon a myriad of collateral such as office buildings, shopping centers, housing developments, apartment buildings, ground leases, industrial facilities, distilleries, commercial paper and business inventory, equipment and accounts. He focuses on promptly and efficiently reaching the client's goals, whether they be securing, enhancing or recovering collateral, working out a non-performing loan or resolving protracted litigation through alternative dispute resolution. He has represented clients in numerous ADR proceedings, including arbitrations governed by the American Arbitration Association and consensual or court-ordered mediations and settlement conferences.

Mr. Ostrow also represents mall owners, other landowners and tenants in leasing transactions, real estate litigation and retail bankruptcies. The real estate work includes lease preparation, renewals and modifications; lease enforcement litigation; resolution of disputes regarding early tenant closures, lease assignments, cam and percentage rent issues, operating covenants and co-tenancy and exclusivity clauses; and the sale and assumption or rejection of leases in tenant bankruptcies. He also has provided counsel to a variety of tenants such as national clothing stores, restaurant chains, supermarkets and coffee franchisees.

Mr. Ostrow received his B.A., cum laude, from the University of Vermont in 1984. He received his J.D. from The George Washington University National Law Center in 1987, where he was a member of the Law Review. He is admitted to practice in all courts of the Commonwealth of Pennsylvania, the U.S. Court of Appeals for the Third Circuit, the U.S. District and Bankruptcy Courts for the Eastern and Middle Districts of Pennsylvania and the U.S. District Court for the Eastern District of Michigan. Mr. Ostrow has been AV rated by the Martindale-Hubbell peer review rating system.

Areas of Practice

• Commercial Foreclosures and Workouts Bankruptcy and Creditors' Rights
• Landlord-Tenant and Commercial Litigation

West Practice Categories

Mortgages & Foreclosures, Bankruptcy Law, Creditors' Rights, Workouts, Business & Commercial Law, Landlord/Tenant

Bar Admissions

• Pennsylvania, 1987
• U.S. Court of Appeals 3rd Circuit, 1993
• U.S. District Court Eastern District of Pennsylvania, 1987

Professional Associations and Memberships

• American Bar Association (Member)
• Philadelphia Bar Association, Real Property Section, 1995 - Present (Member, Commercial Leases and Municipal Court Subcommittee)
• Pennsylvania Bar Association, Civil Litigation Section (Member)
• Turnaround Management Association, Delaware Valley Chapter, 2000 (Member)
• Consumer Bankruptcy Assistance Project, 1997 - Present (Member, Board of Directors)
• Apartment Association of Greater Philadelphia, 1996 - Present (Associate Member)
• Rails-To-Trails Conservancy (Member)

Education

• George Washington University National Law Center, Washington, District of Columbia, 1987
  J.D.
  Law Review: George Washington Law Review
• University of Vermont, Burlington, Vermont, 1984
  B.A.
  Honors: cum laude

Published Works

• Enforcing Executive Orders: Judicial Review of Agency Action Under the Administrative Procedure Act George Washington University Law Review, March, 1987

Address

One Liberty Place
Suite 1800
1650 Market Street
Philadelphia, PA 19103-7395

Phones

215-864-6248

Faxes

215-789-7548

Emails

Contact Us

Websites

http://www.whiteandwilliams.com