Genova Burns LLC Forms Distressed Assets Task Force

On Nov 29, 2023

Newark-based law firm Genova Burns LLC has formed a distressed assets task force that will be dealing with multiple complex matters across lending, banking, bankruptcy, and much more. Taking a multidisciplinary approach, the team at Genova Burns will assist clients who are looking at distressed assets in their real estate portfolio. The team has already helped clients navigate through various disruptions, including the lingering effects of the COVID-19 pandemic, delivering cost- effective and quality counsel along the way.

Team experience includes:

• Debt Restructuring
• Commercial Landlord and Tenant Workouts & Dispute Resolution
• Banking and Commercial Lending
• Lease Restructuring
• Mezzanine Loan Transactions
• Debt Restructuring
• Equity Financing Transactions
• Cross-Jurisdictional Transactions
• Bankruptcy Management & Litigation

Matthew Kertz, Esq., partner, and chair of the commercial leasing specialty feels that the new area builds on Genova Burns strengths. “A task force like this involves our commercial leasing group, our lending group with the banks, and bankruptcy. That’s the troika here. Combining all three of these things is important to create a one-stop shop for people having problems, whether it’s a loan issue, bankruptcy, leasing, etc.,” Kertz said.

Genova Burns is no stranger to big bankruptcy cases, having been appointed local counsel in the LTL case, better known as Johnson and Johnson Talc Bankruptcy, and Genova Burn’s Bankruptcy Law team is currently representing more than 20 landlords impacted by the recent WeWork Chapter 11 bankruptcy filing. Genova attorneys Don Clarke, Dan Stolz, and Sydney Schubert will represent these individuals as the shared space giant faces a litany of bankruptcy proceedings. This combined with the firm’s longstanding position in the commercial real estate space provide immediate knowledge and experience with real estate deals gone bad.

“In today’s market, it is important for businesses to have options,” said Angelo J. Genova, Esq., charmain. “Our familiarity with these combined specialties will give clients options other than filing bankruptcy petitions, which no one wants.”

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