Creditors Rights
Today's unpredictable economic environment challenges both creditors and debtors in unexpected ways. Friedman Schuman attorneys are focused on protecting the interests of their clients by offering proactive and cost-effective solutions designed to maximize recovery.
Attorneys in Friedman Schuman's Creditors Rights Practice have significant experience assisting creditors, including banks and other lending institutions in their efforts to collect assets, restructure or otherwise mediate loans with problem debtors.
We routinely assist clients with loan workouts, bankruptcy proceedings, reorganizations and all forms of complex litigation. In particular, we negotiate and analyze workouts, receiverships, and debt restructurings, as well as vigorously represent interests of creditors in all types of proceedings in both State and Federal court, as well as before the Bankruptcy Court.
These attorneys routinely address issues arising under and in connection with statutory lien law including the Uniform Commercial Code and various state laws pertaining to establishment and enforcement of liens, mortgage foreclosures, collection, and repossessions, as well as obtaining, perfecting and enforcing mortgages, liens and judgments.
Most recently, the chairman of the group, David Stern, was honored in the 2010 Pennsylvania Super Lawyers® List for his work in the Bankruptcy & Creditor/ Debtor Rights practice.
Areas of Focus
- Asset Recovery
- Possessory Actions
- Mortgage Foreclosures
- Loan Workouts
- Reorganizations
- Bankruptcies
- Collections
- Litigation
Representative Transactions
- Represented various financial institutions in workout, bankruptcy proceedings, and foreclosure proceedings, including a $20 million condominium project, and a $8 million condominium project.
- Negotiated and documented agreements of sale for a $3.5 million commercial building on behalf of financial investors holding REO property.
- Represented a debtor in a $26 million hotel debt restructuring.
- Successfully defended two secured creditors in state court litigation initiated by contractors claiming unjust enrichment and seeking the imposition of constructive trusts in an amount in excess of $2 million.
