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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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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...
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