Meland Budwick, P.A., Bankruptcy/Restructuring

About

Provided by Meland Budwick, P.A.

Meland Budwick is nationally recognized for representing a diverse array of clients in complex, large-scale bankruptcy and business reorganization matters.The firm represents trustees, debtors, creditor committees, and creditors in cases under Chapters 7 and 11.

Work highlights:

●Serves as trustee’s litigation counsel for the largest Ponzi in the E.D. of California. The firm secured seven and eight figure recoveries from banks, professionals, participants, and clawback targets. The firm is prosecuting a nine-figure claim against an AmLaw 100 firm.

●Represents the trustee for Palm Beach Finance, a $650 million victim of the Petters Ponzi. The firm recovered $225 million, including $49 million from GE Capital, one of the largest tort recoveries against a financial institution for its alleged joinder in a Ponzi.

●Serves as litigation oversight counsel to the trustee for Petters Company, Inc., pending in Minneapolis involving the third largest Ponzi in the U.S. The firm helped pursue over $750 million in clawbacks and served as co-counsel against JPMorgan obtaining a $30.7 million recovery.

●The firm advised the secured creditors in the Chapter 11 of a multiple location provider of treatment for acute trauma and accident-related injuries.

●The firm confirmed a Chapter 11 plan for IT’SUGAR, LLC, a specialty candy retailer with100 locations in 28 states.

●Represents GameTime in a Chapter 11 reorganization enabling the company to retain all locations and pay creditors in full.

Chambers Review

Provided by Chambers

Bankruptcy Litigation - Florida

Band 1

What the Team is Known For

Meland Budwick is a distinguished boutique with considerable abilities in large-scale bankruptcy and restructuring matters in South Florida, fielding notable skills in financial fraud litigation. The group acts for an array of clients including debtors, creditors and trustees on Chapter 11, Chapter 7 and workout matters, with particular expertise in the hospitality and development industries. The team is able to draw upon the firm's strength in real estate, finance and corporate law to offer comprehensive bankruptcy coverage, including matters with complex cross-border aspects.

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Work Highlights

Meland Budwick represented the Chapter 7 trustee for DC Solar entities as special litigation counsel in connection with a large Ponzi scheme based in California.

Strengths

Provided by Chambers

"Meland Budwick provides the best level of service with exceptional responsiveness to all our questions and needs. They not only set the standard but exceed it. The team has demonstrated a true desire to provide the highest level of service and results while avoiding unnecessary invoicing."