William Hallam - Partner

About Bill

William L. Hallam's primary area of focus is representing creditors in bankruptcies and workouts of troubled commercial loan, lease, and contract relationships.    He has represented many financial services institutions in complex Chapter 11 reorganizations throughout the United States, with particular emphasis on representing commercial lenders with respect to asset-based loans.

Among the Chapter 11 cases in which Bill has represented secured lenders are: (a) the case of a non-profit office park developer in the United States Bankruptcy Court for the Northern District of West Virginia; (b) the case of an international marine transport company in the United States Bankruptcy Court for the District of Delaware; (c) the case of a hotel owner and operator in the United States Bankruptcy Court for the Western District of Pennsylvania; (d) the case of a metal recycling company in the United States Bankruptcy Court for the Middle District of Pennsylvania; (e) the case of a snack food manufacturer in the United States Bankruptcy Court for the Eastern District of Pennsylvania; and (f) cases of many manufacturing, distribution, health care, wholesale, and retail businesses in the United States Bankruptcy Court for the District of Maryland.

Bill has represented purchasers of businesses sold through the bankruptcy process including the purchasers of substantially all of the assets of: (a) a “Tier 1” supplier to the automotive industry with operations in the United States and India in a Chapter case in the United States Bankruptcy Court for the Eastern District of Michigan; (b) a medical professional service company with operations throughout the United States in a Chapter 11 case in the United States Bankruptcy Court for the District of Maryland; and (c) a skilled nursing home operator in the United States Bankruptcy Court for the Middle District of Louisiana.   He also regularly represents landlords in commercial lease disputes and defends clients in suits brought by trustees, debtors-in-possession, and liquidating agents to recover preferential transfers and fraudulent conveyances in bankruptcy cases and under state law.

Bill has co-authored course materials for, and spoken at, bankruptcy programs presented by the National Business Institute and by the Baltimore Chapters of the Federal Bar Association and the Bankruptcy Bar Association for the District of Maryland.  He has co-authored course materials for seminars presented by the Maryland Institute for the Continuing Professional Education of Lawyers, Inc.  Mr. Hallam has served multiple terms on the Local Rules Committee of the United States Bankruptcy Court for the District of Maryland.  He has participated as a volunteer speaker in the Baltimore City public school system.  Bill also participates actively in his church as a member of the team responsible for organizing and conducting contemporary worship services throughout the Baltimore-Washington metropolitan area.


  • Washington & Lee University, J.D. (summa cum laude, first in class) (1979)
  • Washington College, B.A. (magna cum laude) (1976)

Bar Admissions

  • Maryland
  • West Virginia
  • Pennsylvania
  • District of Columbia
  • U.S. Court of Appeals, Third Circuit
  • U.S. Court of Appeals, Fourth Circuit

The Latest from the Knowledge Center...

Fourth Circuit Allows Unsecured Creditors to Assert Claims for Attorneys’ Fees In Bankruptcy Cases

February 13, 2019

Lawyers who represent debtors in bankruptcy cases, supported by rulings from many bankruptcy judges, have long taken the position that creditors with unsecured claims whose agreements with their debtors provide for payment of the creditors’ enforcement expenses, including attorneys’ fees, are not entitled to assert claims for such expenses in bankruptcy cases.  This view has…

Opportunity Zones: The Good, the Bad, and the Yet to be Defined

January 17, 2019

Date: January 17, 2019 | Authors: Brandon N. Mourges, Michael J. March The Tax Cuts and Jobs Act (“TCJA”) provided the most comprehensive update to the tax code in over two decades. Of the many changes the TCJA provided, Sections 1400Z-1 and 1400Z-2 of the IRC are of the most heavily discussed and analyzed by taxpayers and tax practitioners.…

The ABL Collision Course

July 12, 2018

Commercial lenders that originate asset-based lending (“ABL”) credit facilities are finding themselves in an increasingly competitive market. Large national banks grab the bulk of the multi-million dollar ABL credit line business. Lightly regulated non-bank ABLs serve smaller markets with loan facilities ranging from $3 million to $30 million. Community and regional banks seek to hold…

Lender Compliance with New Customer Due Diligence Rules

July 12, 2018

Lenders should have completed implementation of procedures for compliance with new regulations that become effective on May 11, 2018, informally known as the “Know Your Customer” requirements. Those regulations focus primarily on identifying the beneficial ownership of financial institution accounts. Lenders should not let those beneficial ownership regulations overshadow the new customer due diligence (CDD)…

Seventh Circuit Affirms Dismissal of Student Athletes’ Suit Seeking Federal Minimum Wage, But Concurrence Leaves Room For a Different Result in Future Cases

July 11, 2018

On December 5, 2016, the federal Seventh Circuit Court of Appeals affirmed a trial court’s dismissal of a suit brought by two former members of the University of Pennsylvania’s (“Penn”) women’s track and field team.[1]  The student athletes sued Penn, the NCAA, and more than 120 other NCAA Division I colleges and universities.  The theory…

Oh What A Difference A Day Makes: Ninth Circuit Bankruptcy Appellate Panel Holds That Check Written Before Bankruptcy Filing, But Honored After Bankruptcy Is Post-Petition Transfer

April 19, 2018

“Transfers,” and when they occur, are important under the Bankruptcy Code for a number of reasons.  Trustees may recover as a “preference” any “transfer…to of for the benefit of a creditor…for or on account of an antecedent debt…made within 90 days before the date of the filing of the petition…that enables such creditor to receive…

Supreme Court Patent Case Could Affect Bankruptcy Court Authority

February 28, 2018

The bankruptcy system is facing a potential upheaval from an unlikely front: a patent dispute. The U.S. Supreme Court has heard oral arguments and is now considering the case Oil States Energy Services, LLC v. Greene’s Energy Group, LLC, and its separation of powers issues could have a drastic effect on the operation of American…

Snapshot of the New Federal Bankruptcy Rules

February 28, 2018

In April 2017, the U.S. Supreme Court gave Congress a number of proposed amendments to the Federal Rules of Bankruptcy Procedure (FRBP). Congress approved those amendments, and they became effective on December 1, 2017. Some of the advantages in the new amendments go to consumers who declare bankruptcy in Federal Court. The lending and banking…

Merit Management Group, LP v. FTI Consulting, Inc.: A Unanimous Supreme Court Opinion Leaves Unanswered Questions

February 28, 2018

On February 27, 2018, the United States Supreme Court issued its opinion in Merit Management Group, LP v. FTI Consulting, Inc. to resolve conflicting Circuit Court interpretations of Bankruptcy Code Section 546(e).  Although the Merit opinion is unanimous and appears straightforward on first reading, fertile grounds for future litigation remain. Section 546(e) is commonly referred…

Live By The Choice of Law Provision, Die By The Choice of Law Provision

January 4, 2018

Many parties, particularly large companies operating in multiple states, include provisions in their standard contract forms specifying that the law of a particular state governs the transaction.  The choice of applicable law is generally law with which the company is familiar, such as the law of the state where its headquarters is located, or law…