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Distressed Assets

Changing economic conditions challenge businesses and financial institutions to preserve assets, restructure debt and reduce liabilities. When dealing with financially distressed assets and troubled businesses, Sassoon & Cymrot can help debtors, lenders, trustees, creditors and other parties identify immediate and long-term options. Our lawyers advise clients how to preserve the value of their assets and assist with purchase or sale of distressed assets.

Over the past several decades, Sassoon & Cymrot’s lawyers have advised business clients regarding distressed assets and defaulted loans during banking crises, economic downturns, and when businesses confront financial distress. Sassoon & Cymrot’s bankruptcy lawyers handle complex business reorganizations and liquidations on behalf of creditors, debtors and related parties. Our firm’s litigation lawyers represent clients in business disputes related to loan restructuring and asset preservation. Our real estate lawyers restructure debt and negotiate forbearance agreements and loan workouts. Our tax lawyers resolve tax controversies and propose deal structures to achieve the client’s business goals.

Sassoon & Cymrot represents buyers, debtors-in-possession and trustees in the acquisition and disposition of real estate properties. We advise clients how to minimize financial exposure upon acquisition of distressed business, assets or real estate, including bank owned (REO) properties. We represent financial institutions and investors in acquisition and purchase of troubled loans, discounted notes and related collateral.

Attorneys

Cymrot, Jeffrey, Co-Practice Leader
Sassoon, Lewis, Co-Practice Leader

Bressler, Mark
Conroy, Daniel
McGuinness, Anthony
Moriarty, William

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