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Bankruptcy of Subprime Automotive Lender

Official Committee of Creditors of NAL Group; Official Committee of Creditors of Empire Toy; Official Committee of Creditors of JumboSports
Counsel to the Official Committee of Creditors in the chapter 11 bankruptcy of NAL Financial Group Finance, a significant subprime automotive financing company. As a result of strategic litigations and negotiations, the unsecured creditors received a sizable distribution.
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Experience
Representation of the Official Committee of Unsecured Creditors in the chapter 11 case of Poinciana Development, a developer of more than 500 single family homes in Southwest Miami-Dade County, Florida, who ran out of construction financing and was unable complete the development of the last 34 home...
Experience
Representation of diversified automotive company in over $3.8 billion of various financing matters including the securitization of retail and lease installment contracts, and negotiation of working capital lines of credit and conduit lending facilities.
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