Bankruptcy/Restructuring
USA Guide 2024 : Florida: South
Band 2
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
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.
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."
"The firm has been good at managing and compartmentalizing issues."
"Meland Budwick is a very talented and well-staffed law firm with expertise across the board regarding business law issues."
"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."
"The firm has been good at managing and compartmentalizing issues."
"Meland Budwick is a very talented and well-staffed law firm with expertise across the board regarding business law issues."
Notable Practitioners
Michael Budwick maintains his reputation as a highly accomplished bankruptcy attorney. He possesses particular expertise in advising on Ponzi scheme-related bankruptcy.
"Michael is an excellent strategic thinker and is very good in court. He has a nice manner about him; he is assertive."
"Michael Budwick is a creative strategist. He is a chess player kind of person and you need to run to catch up."
"Michael is one of the best business bankruptcy litigators and a fraud recovery specialist. He is also a capable Chapter 11 attorney."
Daniel Gonzalez is well versed in handling Chapter 11 proceedings. His other areas of expertise include Chapter 7 and the sale of assets under Section 363.
"Daniel is a strong leader and a driving force at the firm. His depth of knowledge and desire to deliver for his clients is obvious and appreciated."
Well-regarded practitioner Solomon Genet is a key member of the financial fraud group. He regularly handles contentious bankruptcy cases and is specifically adept at matters involving Ponzi schemes.
"Sol is a terrific lawyer - he is smart, thorough and creative. He is a pleasure to work with."
"He is an excellent strategic thinker, a great communicator, and provides thoughtful and practical advice."
Ranked Lawyers at
Meland Budwick, P.A.
Florida
Florida: South
Members
Provided by Meland Budwick, P.A.
Head of Department
Howard Berlin
James Moon
Joshua Dobin
Meaghan Murphy
Head of Department
Shira Baratz