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California Receivers Forum Program Set for March 18 in San Francisco; Victor Shum Celebrates 10th Anniversary With JMBM

We sold out the room for Receivership 101 last month, which my friend, Bruce Cornelius and I, had the honor of presenting for the Bay Area Chapter of the California Receivers Forum. Bruce and I serve on the Board of Directors for the Chapter.

Receivership 101 is a one-hour (if we talk fast) program that covers the basics of receiverships. It is a survey of the subject and after being refined for many years, it has become a good resource to learn about the basics of receiverships. You can find a slightly condensed version of the program materials right here on by clicking on the Receiverships tab.

The Forum is continuing its educational programs this month with an exciting program called “Receivership 201 – Receivership Issues for 2010 and Beyond”. This program, to be presented by my fellow board members, Susan Uecker and Dennis Miller, will cover a handful of topics that are currently hot in the world of receiverships, such as condo conversions, note sales, housing developments and the important question as to whether a lender can get a better recovery by having the receiver sell the asset than by foreclosing.

I’ve attached a copy of the flyer and I urge everyone to attend, even though I won’t be able to make it myself. I’m already set to celebrate an achievement by my corporate partner, Victor Shum: his tenth anniversary with JMBM! Victor is a savvy mergers and acquisitions lawyer who has many terrific accomplishments to his credit. I often rely on Victor to guide us through the ever-thickening maze of business organizations. He has a knack for the kind of practical thinking that solves knotty problems. We here at JMBM make a point of celebrating the longevity of our lawyers and our staff, and I am looking forward to taking time to thank Victor for all he brings to our Firm.

Receivership 201

This is Dick Rogan, bank lawyer and author of, signing off for now. Join us again soon to check out what’s new in the World of Workouts.

Year after year, day after day, workout professionals in the know rely on JMBM’s Special Assets Team™ to handle problem commercial and real estate loans. Whatever problem loans you have, chances are, we’ve seen it. Give us a call.


Our Perspective. JMBM represents commercial banks, special servicers, private lenders, asset-based lenders, hard money lenders and factors. We help lender clients throughout the United States craft business and legal solutions to their commercial and real estate troubled loans. For more information, please contact Dick Rogan at, or (415) 398-8080.

Richard A. Rogan is Chair of the JMBM Special Assets Team™. He also serves as the co-managing partner of JMBM’s San Francisco office and co-chair of its Bankruptcy Practice Group.

JMBM’s Special Assets Team™ has represented hundreds of lenders in California and throughout the United States. We regularly appear in bankruptcy courts, district courts and superior courts. We are proud to serve as trusted counsel and advisors who look for a business solution and try to help lenders find the best possible resolution for each troubled loan. Whether a loan is being newly documented, restructured or litigated, JMBM’s Special Assets Team™ has the skill, know-how and experience to solve your problem in a practical no-nonsense way.

NOTE TO CONSUMERS: As a matter of Firm policy, JMBM does not represent individual consumers who have disputes with their lenders. Many lenders have specialized consumer workout professionals who have the time to help consumer borrowers. There are many fine attorneys who specialize in representing consumers. Individuals with consumer lending problems should contact a lawyer or law firm who specializes in consumer insolvency and bankruptcy in their local area. When in doubt, we suggest you contact your local bar association’s Lawyer Referral Service. [For example, see Bar Association of SF or LA County Bar Association Lawyer Referral Services]

JMBM does not provide legal advice to consumers, and cannot respond to consumer inquiries.