William Rhodes > Ballard Spahr LLP > Philadelphia, United States > Lawyer Profile

Ballard Spahr LLP
1735 MARKET STREET, 51ST FLOOR
PHILADELPHIA, PA 19103-7599
PENNSYLVANIA
United States

Work Department

Finance

Position

Partner, Leader of Education Industry Group, Leader of Municipal Recovery Initiative

Career

William C. Rhodes leads the firm’s Education Industry Group and its Municipal Recovery Initiative. Bill regularly represents issuers, broker-dealers, and investors in all areas of public finance, with an emphasis on the offering of high-yield (unrated) municipal securities.

Bill represents clients in the financing of public infrastructure, transportation, project financing, economic development, and public purpose facilities for governments and their authorities. His clients also include public and private secondary schools, colleges, and universities; health care systems; cultural institutions; and municipal- and investor-owned water, wastewater, and energy utilities. He also has extensive experience in affordable housing, including single-family mortgage finance and multifamily, military, and senior housing projects.

Bill regularly advises issuers, underwriters, municipal advisers, and investors in the evolving landscape of municipal securities regulation and enforcement, including regulatory compliance, primary and secondary market disclosures, and enforcement actions.

Admissions

Colorado, Pennsylvania

Memberships

Colorado Bar Association

Philadelphia Bar Association

National Association of Bond Lawyers (NABL)

Pennsylvania Association of Bond Lawyers (PABL)

Pennsylvania Economy League, Inc., Board Member

Economy League of Greater Philadelphia, LLC, Board Member

Past board member and former President, Elfreth’s Alley Association, a 501(c)(3) corporation that preserves and interprets Elfreth’s Alley, the nation’s oldest continuous residential street and a National Historic Landmark in Philadelphia

Education

Dickinson School of Law of Pennsylvania State University (J.D. 1991)

Member, Dickinson Law Review

Swarthmore College (B.A. 1987, cum laude)

Lawyer Rankings

United States > Finance > Restructuring (including bankruptcy): municipal

(Leading lawyers)

William RhodesBallard Spahr LLP

Ballard Spahr LLP’s bankruptcy and restructuring practice group is well known for its municipal bankruptcy expertise, particularly in connection with chapter 9 cases involving pension obligations debt. The practice has a strong reputation for advising indenture trustees but also represents fiscally challenged municipalities, underwriters, bond insurers, and institutional investors. William Rhodes in Philadelphia, and Tobey Daluz and Matthew Summers in Wilmington, jointly head the multidisciplinary practice group. Public finance specialist Rhodes leads on municipal recovery and represents issuers, broker-dealers, and investors in all areas of public finance, with a focus on state oversight of distressed municipalities, while litigators Daluz and Summers also have broad bankruptcy experience. In a standout matter, Rhodes and Kevin Cunningham, also in Philadelphia, represented an indenture trustee in connection with the covenant defaults and financial distress of the owners and operators of multi-family housing units, involving asset sales, bondholders’ presentations, and the negotiation of forbearance agreements. William Wassweiler in Minneapolis plays an important role in the team, and regularly advises financial institutions serving as corporate trustees in circumstances involving municipal bonds.