http://www.specialassets.jmbm.com/ Published by Richard A. Rogan en-us 2012-05-14T09:34:09-08:00 http://www.specialassets.jmbm.com/2012/05/hidden_liens_erisa_liens_arisi_1.html My partner, Guy Maisnik, is well-known as a fabulous real estate and hospitality law guru. Guy always seems to be closing an exciting deal for one of our good clients. Guy has been working on the Hidden Liens Project with... Bankruptcy richard 2012-05-14T09:34:09-08:00 http://www.specialassets.jmbm.com/2012/04/lenders_beware_read_your_guara_1.html Once again, my partner, Joe Demko, who handles much of our bank litigation, has a tip to pass along. This time, Joe warns about a drafting problem in a carve out from a "bad boy" guarantee. The essence of Joe's... Bank Litigation richard 2012-04-18T16:17:00-08:00 http://www.specialassets.jmbm.com/2012/02/the_dos_and_donts_of_lender_li_1.html As many of you may know, I was asked to help launch the Northern California chapter of the Special Assets Management Association (SAMA), and I currently serve on its Event Planning Committee. SAMA is hosting a luncheon program on "The... Programs & Events richard 2012-02-22T15:38:03-08:00 http://www.specialassets.jmbm.com/2012/02/its_as_easy_as_abc_assignments.html Assignments for the Benefit of Creditors are an often overlooked procedure for liquidating a company. A good way to understand ABCs is to think of them as an out of Court Chapter 7 case. Creditors - both secured and unsecured... Programs & Events richard 2012-02-15T17:40:25-08:00 http://www.specialassets.jmbm.com/2012/02/jmbm_welcomes_insolvency_lawye_1.html Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce that Ben Young has joined the firm as a partner in the Bankruptcy Department. With more than 30 years of experience in insolvency matters, Ben provides a full range... The JMBM Special Assets Team™ richard 2012-02-15T17:28:50-08:00 http://www.specialassets.jmbm.com/2012/01/dont_create_a_liability_when_y_1.html These days, many institutional lenders are selling non-performing loans to financial and strategic buyers. The concept is usually sound because the selling institution can recover at least the amount at which the loan is carried on its books, often together... SAD but True richard 2012-01-09T18:30:19-08:00 http://www.specialassets.jmbm.com/2011/12/why_it_is_important_for_a_lend.html Unless you are a specialized lender who makes loans to debtors-in-possession, you do not make a loan with the expectation that your borrower is going to file bankruptcy. Although the number of bankruptcy filings in California and nationally is trending... Bankruptcy richard 2011-12-30T18:18:34-08:00 http://www.specialassets.jmbm.com/2011/11/sama_comes_to_northern_califor_1.html A few years ago, the Special Assets Management Association (SAMA) was born in Southern California. SAMA is a member-driven non-profit organization dedicated exclusively to fostering the best practice in the workout arena through continuing education, mentoring, skill sharing and peer... richard 2011-11-23T12:17:29-08:00 http://www.specialassets.jmbm.com/2011/11/california_court_decision_thre_1.html In these times of declining property values, lenders are often faced with the prospect of taking back property that will prove to be difficult to manage as ORE. One time-honored means of administering these properties is to move for the... Receiverships richard 2011-11-02T17:05:38-08:00 http://www.specialassets.jmbm.com/2011/10/when_your_borrower_files_bankr_1.html This past quarter end once again reminded us that the economy remains weak and borrowers who have managed to hang on for the past three or four years are running out of staying power. The topic again arose - what... Bankruptcy richard 2011-10-10T09:44:07-08:00