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For more than 20 years, Mr. Gutfleish has aggressively represented debtors, creditors, creditors’ committees, liquidating trusts and bankruptcy trustees in all aspects of bankruptcy proceedings. He has worked on complex bankruptcy cases throughout his career and on complex commercial litigation arising in those cases.
Mr. Gutfleish has assisted in the investigation of several significant real estate, mortgage, securities, healthcare, and investment frauds committed by debtors and their principals, and has pursued the alleged wrongdoers and others on behalf of creditors. For example, Mr. Gutfleish represented the official committee of unsecured creditors appointed in The Bennett Funding Group, Inc. case, one of the largest pyramid schemes in U.S. history at that time. He now represents the bankruptcy trustee in NJ Affordable Homes Corp., a real estate Ponzi scheme in New Jersey. In connection with that representation, the Federal Bureau of Investigation presented Mr. Gutfleish with a Certificate of Appreciation for “outstanding assistance in a joint investigative effort” leading to the criminal prosecution and conviction of various defendants. Mr. Gutfleish also represents the bankruptcy trustee for Ameripay, LLC, a payroll services company whose principals were convicted of committing a fraud on unwitting investors, public clients, and private clients.
Mr. Gutfleish also represents creditors and creditor constituencies in a variety of bankruptcy proceedings. For example, Mr. Gutfleish represented the official committee of unsecured creditors in the successful chapter 11 reorganization case of Tarragon Corporation (and its affiliated debtors), a real estate development and investment company with scheduled assets of approximately $800 million. He has since continued his representation of the Tarragon Creditor Entity, a liquidating trust formed to complete the liquidation of the debtors’ assets and distributions to creditors.
Mr. Gutfleish has served as a panelist for seminars sponsored by the Bergen County Bar Association, the Institute of Continuing Legal Education, and the New Jersey State Bar Association, including those addressing the basics of chapter 11 bankruptcy practice, the pit-falls of bankruptcy for non-bankruptcy practitioners, state law liquidation alternatives, the interplay and tensions between matrimonial and bankruptcy proceedings, and corporate governance in chapter 11 reorganization cases.
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