Special Litigation Counsel to Chapter 7 Trustee in Subprime Bankruptcy

Chapter 7 Trustee of First NLC Financial Services
Special litigation counsel to chapter 7 bankruptcy trustee of First NLC Financial Services, a former subprime mortgage originator and servicer. We previously served as counsel to the Creditors Committee and successfully resolved estate claims against the pre-petition lender, which agreed to forego its claims altogether including claims against former equity holders.
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Scott L. Baena

Scott L. Baena

Senior Special Counsel
Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
Jeffrey I. Snyder

Jeffrey I. Snyder

Partner, Assistant General 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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