Los Angeles Lawyer Magazine Features “Bankruptcy Shelters” by John C. Keith

John Keith

Attorney John C. Keith, who recently joined the Editorial Board of Los Angeles Lawyer Magazine, the Los Angeles County Bar Association’s official publication, authored “Bankruptcy Shelters: Public policy continues to weigh against the absolute effectiveness of bankruptcy remote entities,” which was featured in the magazine's July/August 2013 edition.

Mr. Keith’s article examines the effectiveness of “bankruptcy remote” special purpose entity borrowers, a tool used by lenders in recent years to protect them against bankruptcy filings.  Typically, lenders will insert themselves or their designees into the borrower’s management as nominally “independent” directors or managers, with the expectation of wielding veto power over the borrower’s ability to file bankruptcy. 

Read Bankruptcy Shelters

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Gary Torrell to Speak on Tax Law and Bankruptcy at the Beverly Hills Bar Association

Attorney Gary F. Torrell of Valensi Rose PLC will speak on “How Tax Law Affects Bankruptcy” at the Beverly Hills Bar Association luncheon on July 25 at the Association’s office in Beverly Hills, California. Mr. Torrell is a partner at Valensi Rose and has over twenty-five years of legal and business experience working with high-net worth individuals and sophisticated companies.

                                                                         

The  luncheon program is designed to provide a brief overview of the three most common types of bankruptcy cases filed by individuals and businesses, Chapters 7, 11 and 13.  Mr. Torrell is joined by co-speaker David M. Agler of Crowe Horwath LLP.  They will cover certain tax and related issues that arise frequently in bankruptcy cases, and tax planning  associated with bankruptcy.

Mr. Torrell’s expertise includes managing complex, nationwide commercial real-estate restructurings and bankruptcies for institutional lenders and private equity firms.  He has handled a wide spectrum of properties including hotels, office buildings, apartments, condominiums, resorts, residential developments and other properties.  

Mr. Torrell is a  Bankruptcy Court mediator and  represents secured and unsecured creditors, including major banks and landlords, in various bankruptcy cases throughout the United States.  

The Beverly Hills Bar Association is located at 9420 Wilshire Boulevard in Beverly Hills, California.  The event provides two hours of Minimum Continuing Legal Education credit by the State Bar of California.

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