The Secured Creditor Litigation Practice Group (“SCLPG”) provides our lender clients with the representation they require when their borrowers default under their secured loans. The Group’s expertise is lender representation in federal and state court actions involving, among other things, collateralized loan obligations and guaranties. Its members are knowledgeable in the nuances of state and federal court foreclosures, Uniform Commercial Code Article 9 proceedings and remedies, receiver proceedings and bankruptcy court proceedings.
The SCLPG’s clients include not only traditional banks, financial institutions and investment funds that originate loans, but entities that have purchased loan portfolios. With their experience and the Group’s depth, members of the Group are quickly able to evaluate and assume control over pending litigations when clients purchase such portfolios. When combined with the SCLPG’s knowledge of and experience before most of the judges and justices in the Greater New York/New Jersey area who adjudicate secured loan issues, its members are able to tailor litigation plans to maximize recoveries while minimizing costs. The Group has developed alternative litigation strategies to accelerate asset recovery, and enable its clients to assume control of their collateral’s income flow. With members of the Group practicing before federal and state courts in New York, New Jersey and elsewhere in the Northeast and Middle Atlantic region, the SCLPG is able to provide its clients with multijurisdictional representation. The SCLPG members’ bankruptcy court experience enables them to move effortlessly between bankruptcy and non-bankruptcy courts. As a result, the same attorneys will handle a matter as it moves into and out of bankruptcy court.
At any given time, the Group represents the nation’s leading lenders in dozens of multi-million dollar commercial foreclosure and other asset recovery actions in many state and federal courts, including bankruptcy courts.