M. Blake Cleary

p 302.571.6714
f 302.576.3287

For nearly 20 years, Blake has represented clients in all aspects of corporate restructuring, including debtors, creditors and purchasers in the chapter 11 reorganization process.  Whether the financial distressed situation requires an in-court or out-of-court solution, Blake embraces the challenges facing financially distressed situations and enjoys crafting creative value added solutions.

Blake has been recognized by several legal ranking publications including The Best Lawyers in America® and The Deal, who named him as a “Top Bankruptcy Lawyer.”  Chambers USA – America’s Leading Lawyers for Business recently nominated Blake for his Bankruptcy/Restructuring practice and noted that his clients find him to be “knowledgeable and pragmatic,” a “pleasure to work with,” and “respected by the judges.”

Blake is often called upon to manage and lead a company through complex chapter 11 financial restructurings, including more recently Milagro Oil & Gas, Signal Ship Repair, Devonshire, Goody’s LLC, and Autobacs Strauss, Inc.  Additional company side representations include New Gulf Resources, Southern Air, Furniture Brands, Quantum Foods, Inc., THQ, Inc., Contract Research Solutions, Inc., KB Toys, Inc., Ascendia Brands (Mr. Bubbles and Calgon brands), American Home Mortgage, Inc., and Interlake Holdings, Inc.

Blake also represents key creditor constituencies.  For example, Blake recently represented Dakota Midstream in defending its rights with respect to a dedication agreement rejection dispute in the Emerald Oil chapter 11 case.  Blake has also represented (i) Official Committees of Unsecured Creditors in the following cases:  Powerwave; NewPage; Velocity Express; Spansion; and Cooper Standard Automotive,; and (ii) informal secured or unsecured creditors groups in the following cases:  Constellation Enterprises; Dayton Superior Corporation; Tribune Company; and Trident Resources.


  • The Deal, named as a "Top Bankruptcy Lawyer", 2009-Present
  • The Best Lawyers in America®, Bankruptcy and Creditor-Debtor Rights Law, 2013 - Present
  • Chambers USA - America's Leading Lawyers for Business, Bankruptcy/Restructuring, 2014 - Present

Memberships and Affiliations

  • American Bankruptcy Institute, Member
  • American Bar Association, Member
  • Delaware State Bar Association, Member 
  • Delaware Bankruptcy American Inn of Court, Member
  • Turnaround Management Association, Member
  • Association of Insolvency & Restructuring Advisors, Member