The coronavirus has caused a rapid and precipitous disruption in our economy like none experienced in our country, or the world, since the Great Depression. Businesses, large and small, and individuals, who until recently were feeling confident in their economic future and success, are rapidly trying to adapt to their loss of income, cessation of operations, diverting resources to keep afloat, cutbacks on jobs and salaries, and managing their debt load.
Congress recently enacted amendments to the Bankruptcy Code that will assist small and large businesses alike to navigate Chapter 11, which makes the process less expensive, quicker and more efficient. The combination of this crisis and new law creates enormous opportunities for businesses and individuals alike to restructure their debt and survive these difficult times.
Nason Yeager’s Bankruptcy, Insolvency and Restructuring practice team can assist our new and existing clients to navigate these turbulent times and unchartered economic waters. Our insolvency and restructuring team brings a wealth of knowledge, experience, education, and an extensive network of lawyers, accountants, fiduciaries, and turnaround specialists across the country of that can quickly take control of an unstable and difficult situation, and provide a steady hand in developing a plan on how to get through the immediate crisis while achieving a client’s long-term goals.
Our practice group has extensive experience representing debtors, trustees, secured creditors, landlords, unsecured creditors, official committees of unsecured creditors, asset purchasers, officers and directors, receivers, assignees and assignors, and other constituent parties in all aspects of state and federal insolvency proceedings, including Chapter 7, 11, 12, 13 & 15 bankruptcies, receiverships, and assignments for the benefit of creditors.
Our bankruptcy and creditors rights lawyers have represented clients in several industries including real estate developers, landlords, shopping center owners, financial institutions, cruise lines, gaming companies, restaurants, franchisors, franchisees, professional athletes, doctors, accountants, transport companies, brokerage firms, private equity firms, and hedge funds.
Representative matters include, serving as:
(a) Debtor’s counsel in Chapter 11 Reorganizations of:
1. Naranja Lakes Condominium Association,
2. Balboa Street Beach Club, Inc., and
3. US Capital Holdings/ Plantation Fashion Mall (all in the Southern District of Florida).
(b) Unsecured creditors committee’s counsel in Chapter 11 cases:
1. Conseco Finance (Northern District of Illinois),
2. Berwick Black Cattle Co. (Central District of Illinois),
3. Femwell Group Health, Inc., the largest Ob/Gyn practice in Florida (Southern District of Florida),
4. American Financial Group of Aventura (Southern District of Florida),
5. Tutor Time Learning Systems, Inc. (Southern District of Florida), and
6. Shores of Panama, Inc. (Northern District of Florida).
(c) Trustee’s counsel for:
1. ER Urgent Care Holdings, and
2. Merendon Mining (Nevada), Inc., the largest Ponzi scheme in Canadian history (both in Southern District of Florida).
(d) Buyer’s counsel for purchasers of:
a. Fast food restaurant franchisors and franchisees in the Southern and Middle Districts of Florida, and the Northern Districts of Georgia,
b. A perfume manufacturer in the Western District of Texas,
i. More than 5,000 residential home parcels in the Southern District of Florida.
Our bankruptcy and insolvency legal team is prepared to assist our clients to litigate and resolve, both in and out of court, all forms of corporate and individual reorganizations and liquidation, and related matters in any state, federal, bankruptcy, adversary, arbitration or appellate proceedings, and our firm takes a multidisciplinary and holistic approach by taking advantage of the depth and breadth of the experience and resources available amongst our practice groups to assist in the resolution of all aspects of the debtor-creditor relationship.
Our lawyers are admitted to and have appeared in bankruptcy, federal, and appellate courts throughout the country on behalf of our insolvency clients, including the United States 7th and 11th Circuit Courts of Appeal, the United States District and Bankruptcy Courts for the Southern, Middle and Northern Districts of Florida, the Northern District of Georgia, the Northern and Central Districts of Illinois, the Eastern, Southern and Western Districts of New York, the Southern and Western Districts of Texas, and the Districts of Arizona, Maryland, and Massachusetts.
We bring our collective experience to bear to assist our clients in the areas of Bankruptcy, Insolvency and Reorganizations, Bankruptcy Adversary Litigation, Commercial Litigation, Lender Liability, Banking, Asset Protection (including Offshore Asset Protection Trusts), Directors and Officers Liability, Real Estate Litigation, Financial Institution Litigation, Internal Corporate Dispute Litigation, Securities Litigation, Debtor-Creditor Relations, Domestic and International Collections, Foreclosure, Landlord-Tenant Disputes, and Appellate Law.