Steven H. Felderstein Direct: (916) 231-6650

Of Counsel


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On July 31, 2019, Steve transitioned to an Of Counsel role with the firm. With over forty years of business bankruptcy experience in national, regional and local cases, Steve will continue to be an invaluable resource to the firm and its clients. He has advised private and public sector clients on all aspects of bankruptcy and out-of-court workouts.  In the public sector, Steve has represented the California Attorney General protecting the regulatory authority of numerous state agencies in bankruptcy courts around the country (PG&E, Pacific Lumber, Worldcom, Enron).  For over two decades he has represented the California Public Employees Retirement System (CalPERS) as a creditor and as an equity holder in mega bankruptcy cases around the country (Texaco, Columbia Gas, Lehman Brothers).  Recently he has represented the interests of CalPERS and retirees in three of the largest municipal bankruptcies in California (Cities of Vallejo, Stockton and San Bernardino).  Steve also represented the California Department of Transportation in the chapter 11 of the largest public-private partnership in California that built a toll road in Southern California (South Bay Expressway).


In the private sector Steve has represented all restructure constituencies inside and outside of bankruptcy court, including debtors, official creditor and equity committees, and purchasers of assets of troubled companies, as well as buyers of entire entities as going concern businesses.  Recent representations include a private-equity firm in the contentious out-of-court debt restructure of a large central California novelty food manufacturer, the Official Committee of Unsecured Creditors in the chapter 11 bankruptcy of an AM Law 100 law firm (Heller Ehrman), and several residential and commercial real estate developers.  He has experience in numerous industries, including agriculture, food processing, travel, hospitality, entertainment, and commercial and residential real estate.


Steve brings significant experience and tremendous depth of knowledge of the Bankruptcy Code to each engagement.  He is a proven asset in complex bankruptcy and debt-restructuring matters.



Hastings College of Law, J.D., Law Review, Member (1973)
State University of New York at Buffalo, B.A. History (1968)


Other Experience


Diepenbrock Wulff Plant & Hannegan LLP, Partner (1986 - 1998)
Felderstein Rosenberg & McManus, Managing Partner (1978 – 1985)
Law Clerk to the Honorable Thomas J. MacBride, Chief Judge of the U.S. District Court for the Eastern District of California (1973 – 1975)


Legal Memberships, Activities and Honors


American College of Bankruptcy, Fellow (1998 – present)

California Bankruptcy Forum, Past President

Insolvency Law Committee, Business Law Section of California State Bar Assoc. (2000 – 2002)

Martindale-Hubbell, AV Premier

McGeorge School of Law (University of the Pacific), Adjunct Professor (2002 – 2014)

Practising Law Institute, Faculty (1999 – present)

Sacramento Valley Bankruptcy Forum, Past President

Super Lawyers® of Northern California (2004 – present)

The Best Lawyers in America (1987 – present), Creditor–Debtor Sacramento Lawyer of the Year (2011)

Uniform Commercial Code Committee, Business Law Section, California State Bar (1983 – 1985)

Sacramento Magazine's Top Lawyers List (2017)