Thanks for printing!  Don't forget to come back to GlassRatner for fresh articles!

Joseph Pegnia

Senior Managing Director

[email protected]

Main: (678) 399-8446

Mobile: (404) 483-8422

Fax: (404) 835-8668

Areas of Expertise

  • Interim Management
  • Financial Advisor
  • Receivership
  • Unsecured Creditors' Committees
  • Turnarounds/Restructuring
  • Bankruptcy Proceedings
  • Asset Sales (in and out of court)
  • Recovering Actions
  • Solvency/Unreasonably Small Capital
  • Capital Raising
  • Cost Reduction
  • Merger Integration Analysis
  • Assignments for the Benefit of Creditors


  • Retail
  • Education Management
  • Energy
  • Transportation
  • Textiles

Prominent Cases

  • Financial Advisor to Trustee and Plan Administrator for a freight audit and payment company
  • Federal Receiver of an international charter school management company
  • Federal Receiver of a company accused of phone cramming in an FTC regulatory action
  • Expert Witness- Rhodes Furniture, Inc. (Solvency)
  • Financial Advisor- Delta Air Lines Inc. (Debtor)
  • Financial Advisor- Lehman Brothers Holdings, Inc. (Committee)


  • 25 Years of Relevant Experience
  • 1 Year with GlassRatner
  • 1 Year of Relevant Experience


  • BS Business, Miami University
  • MBA Finance, Xavier University
Joseph V. Pegnia joined GlassRatner in 2017 as a Senior Managing Director based in Atlanta.  Joe has twenty years’ experience as a turnaround advisor and has advised borrowers, secured lenders, bondholders, trade creditors and equity holders in both out of court and in court proceedings.   He has extensive experience in U.S Bankruptcy Courts and Federal District Court.
Mr. Pegnia has been involved in over 30 Chapter 11 cases and multi-state Federal Receiverships, including some of the largest cross border Chapter 11 cases during the financial crisis such as Abitibi Bowater Holdings and Lehman Brothers Holdings, Inc.  
On behalf of his clients, Joe evaluates all potential courses of action to improve performance and maximize value including cost reductions, capital raising and potential asset sales. He has extensive experience in each of these areas.   Examples include reducing client overhead by 40%, executing recapitalizations, and conducting asset sales in out of court transactions or as part of in-court proceedings.   His asset sale experience includes Section 363 sales, assignments for the benefit of creditors, receivership sales, and out-of-court processes.
Many of Mr. Pegnia’s assignments have involved asset sales and/or capital raising transactions across a wide variety of industries and sectors.   Notable transactions include:
  • Sale of a 300-bed distressed urban hospital
  • Sale of a $150 million national mail order pharmacy
  • Sale of a $150 million charter school management company with operations on 3 continents
  • Sale of a high end golf club holding company with 7 clubs across the Southeast
  • Capital raise for a commercial bakery
  • Sale of a data processing company focused on freight logistics
  • Recapitalization of a major grocery store chain with over 200 locations 
  • Capital raise for a $200 million distributor of electronics and computer peripherals
Prior to joining GlassRatner, Joe was a Partner and Shareholder with GGG Partners and a Managing Director with FTI Consulting.  Joe began his restructuring career with Ernst & Young LLP.  Prior to E&Y, Joe was as an asset based lender which led to his interest in turnaround situations.
Some of Mr. Pegnia’s prominent cases include:
  •  Financial Advisor to the Official Committee of Unsecured Creditors of  Lehman Brothers Holdings, Inc. regarding solvency, fraudulent transfers, and preferential transfers..
  • Financial Advisor to the Chapter 11 Trustee and subsequently served as Plan Administrator of a freight audit and payment company. 
  • Federal Receiver of an international charter school management company.
  • Federal Receiver of a company accused of phone cramming in an FTC regulatory action.
  • Financial Advisor to the Debtor of a golf course management company associated with a collection of high-end real estate developments.
He has addressed numerous professional organizations on issues relating to bankruptcy, creditor’s rights, and corporate fraud.
Turnaround of the Year Awards
Mr. Pegnia was awarded the Turnaround of the Year Award by the Atlanta Chapter for:
  • A freight audit and management billing company (2014)
  • A golf course management company (2013)
  • Risk Management Association
  • American Bankruptcy Institute
  • Turnaround Management Association
  • Commercial Finance Association
Other Interests
  • Immediate Past President of the Atlanta Chapter of the Risk Management Association and currently serves on the chapter’s Board of Directors.   
  • Mr. Pegnia has attained the rank of Eagle Scout and is currently the Treasurer of his son’s Boy Scout Troop.
  • BS in Business from Miami University 
  • MBA in Finance from Xavier University

Begin Your Journey to Clarity

Contact GlassRatner