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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Scott L. Baena

Scott L. Baena

Senior Special Counsel
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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 B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience
Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.
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