For more than three decades, Larry has represented creditors, trustees, receivers and debtors in significant bankruptcy cases in federal, state and bankruptcy courts. His clients include banks, insurance companies, leasing companies and private parties with investments secured by real property, commercial equipment, accounts receivable and intangible property. An experienced and adept negotiator, he has assisted in restructuring and working out non-performing loans for clients. And, if the loans cannot be restructured, he has conducted hundreds of judicial and non-judicial foreclosures.
Larry has unique expertise in both multi-level marketing and Ponzi schemes having represented court-appointed receivers to recovery of significant monies invested through fraudulent schemes. He has been pivotal in several of the largest fraud cases arising in Arizona which included real estate holdings, mortgage servicing, escrow, affinity investing and a multi-level marketing jewelry company.
Winning recovery for investors. Larry and his team represented the court-appointed receiver in the large American National Mortgage case. He converted an Arizona Corporation Commission State Court Receivership into a Chapter 11 Bankruptcy proceeding, integrated the cases using differing jurisdictions, and obtained a confirmed Chapter 11 plan with recovery to the investors.
Helping Ponzi-scheme victims recover millions. Larry was co-counsel in a multi-million-dollar lawsuit against professionals involved in the Baptist Foundation’s Ponzi scheme. His work resulted in recovery in excess of $230 million for those who had been victims of this financial debacle.
- Experienced in negotiating workouts on behalf of lenders and borrowers in an effort to avoid the hardship and expense of bankruptcy
- Knowledgeable in title insurance and real estate issues
- Sought and obtained appointment of third-party receivers to take possession and control of the property on behalf of his lending clients
- Represents secured and unsecured creditors and trustees in bankruptcy; creditors in state court proceedings, including foreclosure proceedings and state court receiverships
- As counsel for the borrower in Northern Arizona Properties vs. Pinetop Properties Group, he helped formulate the law which defines deficiency rights after foreclosure
- Conducted hundreds of foreclosures, both judicial and non-judicial, and numerous forfeiture proceedings
- Played pivotal role in winning compensation in several of the largest land-fraud cases in Arizona, recovering millions of dollars for investors