Learn more about what our experienced professionals can do in the most complex of cases.
Sort By Practice Area:
The Art of Resolving a Complex Loan Payoff
FRB’s creditor and debtor rights team skillfully navigated a complex loan payoff involving a challenging situation with an assertive and unpredictable offshore lender. Faced with the looming threat from the private lender to take action against our clients’ coop, our team explored creditor protection options to alleviate the strain and potentially restructure the claim. Using bankruptcy as a settlement anchor, we successfully brought the parties to the negotiating table after 14 years of stress and uncertainty. Throughout the process, our dedicated team played a crucial role in ensuring the closing stayed on course despite the need for multiple extensions to meet funding deadlines. This achievement was the result of a truly collaborative effort by our skilled and committed team.
Related Practice Areas:
Favorable Outcome in NYC Campaign Finance Board Investigation and Hearing
A client came to FRB’s Election Law & Campaign Finance attorneys believing the New York City Campaign Finance Board (“CFB”) had messed up their audit. However, upon further review by our attorneys and discussions with the CFB, it was discovered that the Campaign was under internal investigation for alleged malfeasance. Our Compliance unit worked tirelessly with the Campaign and the CFB and ultimately received a positive outcome for the Campaign at the CFB hearing. If you are running for office, managing a campaign, or representing a political organization, FRB has the knowledge and experience to assist you in campaign finance matters.
Related Practice Areas:
Successful Probate of a Lost Will to Carry Out Decedent’s Wishes
A client who was nominated as Executor for a friend came to FRB’s Probate & Administration of Trusts & Estates attorneys first seeking advice regarding becoming the Guardian over her friend and soon thereafter the Executor. It was soon discovered that the Decedent did not have close family or friends and that their original Will could not be located. However, through the creative and stubborn work of the attorneys at FRB, we were able to find all assets and interested parties and ultimately have the Court admit a copy of the Lost Will and still have all the Decedent’s wishes fulfilled.
Related Practice Areas:
Full Recovery for Vendor in High-Profile Chapter 11 Through Contract Assumption
FRB’s Creditors’ Rights and Bankruptcy Law attorneys routinely represent creditors in high-profile Chapter 11 cases, including one such representation involving a well-known 150-year-old supermarket chain. FRB attorneys represented a “critical vendor” who was not only owed a significant amount of money pre-petition, but faced a potential adversary proceeding lawsuit to recover funds it was paid by the debtor within 90 days of the bankruptcy filing. The Debtor refused to recognize FRB’s client as a “critical vendor.” Rather than accept the debtor’s decision, FRB attorneys negotiated an assumption of the executory contract between the parties which required the Debtor to pay FRB’s client’s pre-petition claim in full. The added “bonus” for the client was that by assuming the agreement, the Debtor effectively waived any preference claim. A similar result would not have occurred had FRB’s client been granted “critical vendor” status. Our firm’s ability to pivot and provide outside-the-box thinking is one way to turn what appears to be a hopeless situation into a winning outcome. This matter was handled by the attorneys in our Creditors’ Rights and Bankruptcy Law Practice Group prior to joining FRB earlier this year.
Related Practice Areas:
Defensive Estate Planning to Avoid Litigation
Second marriages can pose difficult estate administration issues that can usually be avoided by careful planning. In one case, the Decedent’s daughter from his first marriage arranged for her father to execute a new Will excluding her step-mother, and had her step-mother execute a waiver of her right to serve as executrix or to take an elective share of the Decedent’s estate. When the couple came to FRB for advice, we drafted a Trust and transferred the Decedent’s house into the Trust and advised the couple to change most of their financial accounts into joint name. When the Decedent died, the surviving spouse was able to remain in her home, retain the assets that she and her husband put into joint name, collect retirement benefits, and avoid a Will contest.