John Weiss practices in the area of business reorganization and financial restructuring. Mr. Weiss focuses his practice on corporate restructurings and recapitalizations, loan defaults, workouts and bankruptcies. His practice on behalf of creditors focuses on representing banks, institutional investors, indenture trustees, and holders of publicly and privately placed debt securities in complex corporate and municipal situations.
His practice on behalf of debtors includes companies in the restaurant, golf, entertainment, hospitality, wire and cable, steel, trucking, aluminum smelting, and sampling businesses.
Mr. Weiss has worked for special servicers and lenders in commercial mortgage loan workouts, foreclosures and bankruptcies involving properties located throughout the country; bank lenders and credit support providers for bond and loan instruments issued by continuing care retirement communities, assisted living facilities, nursing homes, hospitals, and other health-care and senior-care facilities; traditional bank and finance company clients in straight loan and asset-based lending facilities; institutional investor clients in negotiated secured and unsecured private placement transactions; indenture trustees for and holders of debt securities issued by multinational corporations and municipalities; and committees of creditors formed either before or after a bankruptcy case is filed.
Mr. Weiss also has extensive experience in workouts involving investor-owned electric utilities and sponsors/suppliers of asset securitization transactions.
A member of the American Bar Association, the Illinois State Bar Association, the Chicago Bar Association, the American Bankruptcy Institute, and the Turnaround Management Association, Mr. Weiss is a 1985 graduate of Northwestern University School of Law and a 1982 graduate of Northwestern University.
- Represented bank and non-bank lenders in restructuring transactions or bankruptcy cases involving over 100 nursing homes and more than $200 million of debt.
- Represented REIT owners of nursing homes and assisted living facilities in receivership or bankruptcy cases to transition operations from a defaulting tenant to a new tenant.
- Represented bank lenders in the bankruptcy of over a dozen hospitals and long-term acute care hospitals.
- Represented letter of credit bank in over 20 restructuring transactions or bankruptcy cases involving more than $500 million of bond debt secured by continuing care retirement communities.
- Obtained on behalf of a bank a verdict following a seven day jury trial in the U.S. District Court for the Northern District of Illinois in a contract action concerning a corporation’s breach of an agreement with the bank to provide financial support to a continuing care retirement community.
- Represented special servicers in pursuit of remedies in over $2 billion of commercial mortgage real estate loans including foreclosure proceedings in over 30 states, deeds in lieu of foreclosure, and bankruptcy proceedings.
- Successfully litigated the enforceability of prepayment premiums where borrowers paid their loans in full prior to maturity.
- Supreme Court of the United States
- U.S. Court of Appeals for the Seventh Circuit
- U.S. District Court for the Northern District of Illinois
- U.S. District Court for the Southern District of Illinois
- U.S. District Court for the Western District of Wisconsin
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