Handling the Non-Profit Workout/Bankruptcy, Part Two of a Two-Part Article
9/30/2005
Written by Mintz Levin Members Paul J. Ricotta and Leonard Weiser-Varon for The Bankruptcy Strategist, September 2005.
Part one of this two part article discusses one of the largest not-for-profit bankruptcy cases ever filed; The National Benevolent Association of the Christian Church (Disciples of Christ) et al., (Bankr. W.D. Texas), Case No. 04-50948 (RBK) and the extraordinary conclusion when the joint plan of reorganization of the Debtors and the Unsecured Creditors' Committee became effective. This month, part two discusses the bankruptcy case itself.
Paul concentrates his practice in the areas of commercial bankruptcy and restructuring, as well as negotiating and documenting commercial credit transactions. Prior to joining Mintz Levin, Paul held the title of Vice President and Associate General Counsel to M&T Bank, a multi-state commercial bank headquartered in Buffalo, New York. He was in charge of all of the bank's commercial legal activities, as well as the bank's commercial back office operations such as funds transfers, commercial deposit products and facilities management.
Leonard is active in both municipal finance and corporate finance, with an emphasis on domestic and international project finance, secured lending, structured finance transactions, workouts and restructurings, corporate debt and Section 529 college savings programs. In 2004, Len was recognized as one of the top 500 lawyers in Massachusetts in a peer survey published in Boston Magazine and in a stand alone magazine, Massachusetts Super Lawyers.
