Los Angeles Real Estate Litigation Lawyer Jeffer Mangels Butler & Mitchell LLP Home
It’s been a dizzying but remarkable past few months with dozens of complicated loan workouts and bankruptcies and growing activity from co-managing JMBM’s San Francisco Office. On top of this good news, it is with great pride that I inform you of my recent appointment to Secretary of the State Bar of California’s Financial Institutions […]
After 28 years of service to the Firm, founding partner Marc Marmaro will be sworn in as a Judge in Los Angeles County Superior Court on August 5, 2010. By law, Marc’s name must be removed from the Firm’s title, which will occur on the same day. Congratulations, Marc on an exceptional honor. In recognition […]
21st century bankruptcy laws don’t always fit the bill. Often, there are better, more efficient and less costly means of reorganizing operating companies and restructuring or enforcing debt obligations. On Thursday, August 12, I will be moderating an panel of experienced workout professionals in a program entitled, “Techniques for Handling Troubled Companies Outside of Bankruptcy.” […]
Creditors usually should file a proof of claim when the borrower files a bankruptcy case. In Chapter 7 cases where there are assets in the bankruptcy estate and in Chapter 11, 12 and 13 cases, the creditor should file a proof of claim. Here are some of the basics involved in preparing and filing proofs […]
There is so much more to a workout than just drafting legal documents. My partner, Barry Freeman, recently published an outstanding article about the psychology of a workout in the esteemed Daily Journal. He describes the importance of understanding a borrower’s perspective, who is likely to be in denial and frustrated about the problems his […]
Joel Berman whom I work closely, are speaking at the Special Assets Management Association’s (SAMA) first annual conference. In the current downturn it is best to have a game plan for how to tackle the flood of troubled loans that are now saturating the market. This conference will offer insight into the economy, regulatory perspectives, […]
Yesterday my partner, Jim Butler, sent out an update (republished below) about the Meet the Money® Conference. Meet the Money® is a conference for lenders to the hospitality industry. If you have not registered yet, do it soon! The Meet the Money® Conference is the place to learn, listen and exchange ideas with a sophisticated […]
Payment of most commercial loans to small businesses is personally guarantied by the owners of the business. While there is no hard and fast rule as to when a commercial loan must be guarantied, most lenders ask for the owners to guaranty payment of credit extended to a corporate or limited liability company (“LLC”) borrower. […]
For 20 years now, my partner Jim Butler of JMBM’s Global Hospitality Group®, the premier hospitality practice in a full-service law firm, has been hosting the Meet the Money® Conference for hoteliers and lenders to the hospitality industry. This year’s theme, “Unlocking the Game-changers for the Coming Recovery,” focuses on the hotel industry’s rebound and […]
I’m writing this as I head home from this year’s California Bankers Association Lenders Conference at Indian Wells. It was an interesting event, with sessions on topics as diverse as sales and marketing to an economic forecast to my program that covered the progression of a loan from default through workout, forbearance, foreclosure and bankruptcy. […]
