Eric A. Schaffer Photo

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Eric is a partner at Reed Smith practicing in the area of Restructuring & Insolvency. From an early age, Eric dreamed of representing indenture trustees in matters involving defaulted securities. Happily, he has spent much of the last 30 years doing just that in courts within and beyond the United States. He has represented trustees in major bankruptcy cases, receiverships, non-judicial restructurings, and litigation involving heavy industry, healthcare, investment banking, retailers, utilities, airlines, sovereign and municipal issuers, mining, gaming, schools and colleges, and cultural institutions. Eric also has done a wide range of presentations on corporate trust default issues. Outside the world of corporate trust, Eric is actively involved with several civic and cultural organizations. He is an aging cyclist, who claims that he has ridden with the winners of 15 8 Tours de France.


  • University of Pittsburgh School of Law, 1979, J.D., Order of the Coif
  • University of Pittsburgh School of Engineering, Post-graduate studies in chemical engineering
  • University of Virginia, 1976, B.A., Government and Foreign Affairs, High Honors, Phi Beta Kappa

  • New York
  • Pennsylvania

  • U.S. Supreme Court
  • State Court of Appeals - New York
  • State Supreme Court - Louisiana
  • State Supreme Court - Ohio
  • State Supreme Court - Pennsylvania
  • U.S. Court of Appeals - Second Circuit
  • U.S. Court of Appeals - Third Circuit
  • U.S. Court of Appeals - Fourth Circuit
  • U.S. Court of Appeals - Fifth Circuit
  • U.S. Court of Appeals - Sixth Circuit
  • U.S. Court of Appeals - Eighth Circuit
  • U.S. Court of Appeals - Ninth Circuit
  • U.S. Court of Appeals - Tenth Circuit
  • U.S. Court of Appeals - Eleventh Circuit

  • Allegheny County Bar Association
  • American Bankruptcy Institute
  • American Bar Association

Awards & Recognition

  • Fellow, American College of Bankruptcy
  • Listed in The Best Lawyers in America in the area of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2005-2016)
  • Included in Chambers USA as one of America's leading bankruptcy/restructuring lawyers (since 2004)
  • Selected for inclusion in Pennsylvania Super Lawyers (since 2004); also included in Super Lawyers Business Edition in the area of Bankruptcy/Business
  • Listed in Who's Who Legal USA in the area of Insolvency & Restructuring

Notable Quotes

  • 15 December 2017 "Asset trust concept would shake up public finance, advocates say" The Bond Buyer