Jack Manheimer devotes his practice primarily to the representation of banks and other financial institutions in financing transactions and the workout or collection of troubled and defaulted loans. As an attorney with 35 years of experience handling front-end and back-end matters, Jack understands the challenges and dynamics of representing banks in their relationships with their customers.
On the commercial lending side, in his career Jack has negotiated, documented and closed hundreds of loan transactions, including term loans, working capital lines of credit, equipment lines of credit, floor plans, warehouse facilities, asset-based facilities and factoring arrangements, ranging from several hundred thousand dollars to $120 million.
On the workout and collection side, Jack is often called on to document restructuring and forbearance agreements for commercial lenders; negotiate, structure and prepare plans of liquidation; and advise lenders on the execution of remedies following default.
When a borrower ends up in bankruptcy, Jack is experienced in negotiating, preparing and implementing agreements to use cash collateral and provide adequate protection of interests in collateral, and litigating contested cash collateral, relief from stay and adequate protection motions and contested plan confirmations.
