Purchasing Remnant Assets: Like a Box of Chocolates, You Never Know What You’re Going to Get
Jane W. Mitnick, President, SM Financial Services Corporation & Marc D. Miceli, Esq., Of Counsel, S. Mitnick Law PC
Investors searching for opportunities have often looked into purchasing distressed assets from bankruptcy estates. While such an investment is not without risk, it could provide a healthy return on investment and a benefit to a debtor’s bankruptcy estate and its creditors. While virtually...
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Marc D. Miceli is of counsel with S. Mitnick Law PC. His practice focuses on all areas of insolvency law, with a special emphasis on state court general assignments for the benefit of creditors’ proceedings, federal bankruptcy proceedings, corporate liquidations, asset recovery and creditors’ rights. As part of his practice, Miceli routinely represents court-appointed fiduciaries such as assignees, receivers, and Chapter 7 bankruptcy trustees as well as purchasers of distressed assets in state and federal court proceedings.
Jane W. Mitnick is the 2023 TMA Global President. She is president of SM Financial Services Corporation, an entity formed to invest in and manage the purchase of financial assets, from trustees and fiduciaries, particularly judgments, preferences, notes, and accounts receivable. She serves as receiver, special fiscal agent, assignee for the benefit of creditors, escrow agent, shareholder, trustee, and liquidating trustee. Mitnick co-leads the team in the collection and monetization of receivables in the insolvent healthcare space from hospitals to professional practices.