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Pachulski Stang Ziehl & Jones LLPAttorney
Ira D. Kharasch
Pro

Ira D. Kharasch

5.0
1 review

10100 Santa Monica Boulevard, 13th Floor, Los Angeles, CA 90067

Bankruptcy, Energy and Subprime Mortgages

About Ira D. Kharasch

Ira Kharasch, resident in the firm’s Los Angeles office, has significant experience as lead counsel representing debtors, creditors’ committees, and other constituencies in chapter 11 corporate reorganizations and out-of-court workouts, and has a proven track record of confirming both creditor and debtor chapter 11 plans of reorganization. He has also been a longstanding member of the firm’s management committee.

Ira holds an AV Preeminent Peer Rating, Martindale-Hubbell‘s highest recognition for ethical standards and legal ability, and has been named a “Super Lawyer” in the field of Bankruptcy and Creditor/Debtor Rights in a peer survey conducted by Law & Politics and the publisher of Los Angeles Magazine. He is also perennially recognized by Best Lawyers in America for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Ira is a graduate of the University of Illinois and received his J.D. from UCLA.

Clerkships

•Judicial law clerk, Chief Justice Edmond Burke (Alaska)

News

PSZJ Continues to Rank Among Leading Law Firms in Prestigious Chambers USA Guide

Chambers USAJune 5, 2025

PSZJ Named in 2024 TMA Chicago/Midwest Turnaround/Transaction of the Year Awards

December 20, 2024

PSZJ Attorneys Named in 2025 Edition of Best Lawyers in America and Best Lawyers: Ones to Watch

August 15, 2024

PSZJ Continues to Rank Among Leading Law Firms in Prestigious Chambers Guides Chambers Global, Chambers USA

June 4, 2024

Nineteen PSZJ Attorneys Named to 2024 Southern California “Super Lawyers” List

January 10, 2024

PSZJ Attorneys Named in 2024 Edition of Best Lawyers in America

August 17, 2023

PSZJ Continues to Rank Among Leading Law Firms in Prestigious Chambers Guides

Chambers Global, Chambers USAJune 1, 2023

Eighteen PSZJ Attorneys Named to 2023 Southern California’s “Super Lawyers” List

January 1, 2023

PSZJ Attorneys Named in 2023 Edition of Best Lawyers in America

August 18, 2022

PSZJ Continues to Rank Among Leading Law Firms in Prestigious Chambers Guides

Chambers USA, Chambers GlobalJune 1, 2022

Seventeen PSZJ Attorneys Named to 2022 Southern California’s “Super Lawyers” List

January 20, 2022

PSZJ Attorneys Named in 2022 Edition of Best Lawyers in America

August 19, 2021

Prestigious Chambers Guides Again Rank PSZJ Among Leading Law Firms

April 25, 2019

Nineteen PSZJ Attorneys Named 2021 Southern California “Super Lawyers”

January 1, 2021

PSZJ Attorneys Named in 2021 Edition of Best Lawyers in America

August 20, 2020

Twenty-One PSZJ Attorneys Named 2020 Southern California “Super Lawyers”

January 15, 2020

PSZJ Attorneys Named in Best Lawyers in America

August 15, 2019

Prestigious Chambers Guides Again Rank PSZJ Among Leading Law Firms

April 23, 2020

Twenty-One PSZJ Attorneys Named 2019 Southern California “Super Lawyers”

January 30, 2019

PSZJ Attorneys Named in Best Lawyers in America

August 15, 2018

Prestigious Chambers Guides Again Rank PSZJ Among Leading Law Firms

May 20, 2021

Twenty PSZJ Attorneys Named 2018 Southern California “Super Lawyers”

January 31, 2018

Thirty-Five PSZJ Attorneys Named Best Lawyers in America

August 15, 2017

Prestigious Chambers Guides Again Rank PSZJ Among the Best Law Firms

June 8, 2017

Eighteen PSZJ Attorneys Named 2017 Southern California “Super Lawyers”

January 25, 2017

Nineteen PSZJ Attorneys Named Best Lawyers in America

August 1, 2016

Seventeen PSZJ Attorneys Named Best Lawyers in America

August 17, 2015

Thirteen PSZJ Attorneys Selected as Southern California Super Lawyers

Los Angeles magazineFebruary 1, 2015

Ten Southern California Super Lawyers at Pachulski Stang

Los Angeles magazineFebruary 1, 2014

Eight Southern California Super Lawyers at Pachulski

Los Angeles MagazineMarch 1, 2008

 

Ira D. Kharasch (Los Angeles, California) View website

Awards

AV Preeminent Peer Rated
This elite award is granted to attorneys who have been recognized by their peers for their very high ethical standards, with an average peer review score of 4.5 or higher.
Martindale-Hubbell Peer AV

Client Champion Awards

Client Champion awards recognize those attorneys who excel at service as affirmed by their clients. The awards, based on the quantity and quality of an attorney’s Martindale-Hubbell client reviews, demonstrate an ongoing commitment to delivering excellent client service. Award recipients stand out from their peers with a platinum, gold or silver icon.

Champion Badge Silver

At least three reviews and a score of 4.0 or higher.

Champion Badge Gold

At least six reviews and a score of 4.2 or higher.

Champion Badge Platinum

At least ten reviews and a score of 4.5 or higher.

Martindale Peer Awards

A lawyer who receives a minimum threshold of qualifying responses from fellow attorneys can qualify for one of three prestigious Martindale-Hubbell Peer Review Ratings:

Martindale-Hubbell Peer AV Preeminent Rating

AV Preeminent®: The highest peer rating standard. This rating signifies a large number of the lawyer’s peers rank him or her at the highest level of professional excellence for their legal knowledge, communication skills and ethical standards.

Ira D. Kharasch got this award in 2021

Martindale-Hubbell Peer Distinguished Rating

Distinguished: An excellent rating for a lawyer with some experience. This rating indicates the attorney is widely respected by their peers for high professional achievement and ethical standards.

Martindale-Hubbell Peer Notable Rating

Notable: This rating indicates that the lawyer has been recognized by a large number of their peers for strong ethical standards.

Avvo Awards

Avvo Top Contributor

Avvo Top Contributor: The Avvo Top Contributor Award is granted to attorneys who have earned significant contribution points in a given year on our sister site, Avvo.com. Contribution points are earned by answering questions in Q&A, publishing Legal Guides, and other useful contributions to the Avvo community.

Avvo Client Choice

Avvo Client’s Choice: The Avvo Client's Choice Award Badge is granted to attorneys with a significant number of 4+ star reviews in a given year.

Reviews for Ira D. Kharasch

This lawyer does not have any client reviews on Lawyers.com yet

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Services

Areas of Law

  • Bankruptcy
  • Energy
  • Other 1
    • Subprime Mortgages

Practice Details

  • Firm Information
    Position
    Attorney
    Firm Name
    Pachulski Stang Ziehl & Jones LLP
  • Representative Cases & Transactions
    Cases
    Representations: Forbes Energy Services: Represented Forbes Energy Services, an independent oilfield services contractor located in Texas with over $330 million of debt. Prior to the chapter 11 filing in Houston, the firm negotiated a restructuring with the bondholders where all their debt was converted to new equity, as well as providing new employment
    management incentive contracts for management. A prepackaged plan was confirmed.
    Pacific Energy Resources: Representing Pacific Energy Resources, an independent energy company that develops
    produces oil
    gas at its Alaska
    California offshore drilling facilities. Pacific Energy had over $500 million in debt
    generated over $200 million in revenue at the time of its chapter 11 filing. Pacific Energy's common stock traded on the Toronto Stock Exchange causing it to file a CCAA reorganization proceeding in Vancouver to enforce certain US bankruptcy court orders. The company successfully sold its operations
    confirmed a plan,
    Mr. Kharasch continues to represent the company as a going concern.
    Plainwell: Successfully managed the sale, resolved
    restructured billions in claims (including $3.2 billion of Superfund claims),
    confirmed the reorganization plan as principal bankruptcy counsel for this leading U.S. paper producer.
    Telogy: Successfully reorganized Telogy, Inc., a Silicon Valley-based, high-tech distribution company that had approximately $100 million in revenue.
    OwnIt Mortgage Solutions: Represented OwnIt Mortgage Solutions, a Southern California-based subprime mortgage company, in its chapter 11 case. OwnIt originated approximately $8.3 billion in subprime mortgage loans in 2005, filed for bankruptcy in late 2006
    successfully confirmed its plan of reorganization.
    Specialty Trust: Represented Specialty Trust, a Reno-based Real Estate Investment Trust (REIT), in its chapter 11 case. Specialty Trust managed $203 million in mostly short-term mortgage loans to residential developers
    confirmed its plan within 16 months.

Experience

  • Bar Admission & Memberships
    Admissions
    1983, California
    1983, Alaska
    2011, New York
  • Education & Certifications
    Law School
    University of California School of Law, Los Angeles
    J.D.
    1982 Phi Beta Kappa
    Other Education
    University of Illinois
    Class of 1977
    B.A.
    cum laude
  • Personal Details & History
    Age
    Born in 1955
    Chicago, Illinois, May 14, 1955

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Attorneys FAQs

  • Is this attorney admitted to the bar in more than one state?
    Yes, Ira D. Kharasch is admitted to practice in Alaska, California and New York.
  • How many attorneys are in this law firm?
    Pachulski Stang Ziehl & Jones LLP has 55 attorneys at this location.
  • What law school did this attorney attend?
    Ira D. Kharasch attended University of California School of Law, Los Angeles.
  • What year was this attorney's law firm established?
    Pachulski Stang Ziehl & Jones LLP was established in 1983.
  • Is this attorney listed in the Bar Register of Preeminent Lawyers?
    Ira D. Kharasch is listed in the Bankruptcy Law, Commercial Litigation and Creditors Rights section of the Bar Register of Preeminent Lawyers.

Attorney information displayed in this FAQ section is based upon information the lawyer has included on their profile, in addition to the information we collect from state bar associations and other organizations that license legal professionals.

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• Distinguished: An excellent rating for a lawyer with some experience. This rating indicates the attorney is widely respected by their peers for high professional achievement and ethical standards.

• Notable: This rating indicates that the lawyer has been recognized by a large number of their peers for strong ethical standards.

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