“My clients get practical solutions at a reasonable cost.”
Jim has experience representing clients with commercial, financial and bankruptcy related legal issues. Clients have come to Jim with challenges involving credit limitations, cash flow problems, collection issues and many more situations faced by business owners. When counseling a client on how to move forward, Jim uses a common sense approach to address complicated business matters. Jim believes in prompt resolution and minimizing the impact of any course of action on his client’s business activities. Once he’s set the course, Jim delivers a practical game plan that focuses on the best result at a reasonable cost.
Case Studies / Success Story:
One of Jim’s recent successes that also offered some challenging legal and strategic issues was the protection of a secured lender with over $15.5 million of exposure to a large farrow to finish hog feeding operation with locations in Iowa and North Carolina. The Lender was financing the feeding operation, and Jim became involved when the feeding operation filed bankruptcy in North Carolina. Jim immediately negotiated a favorable debtor in possession or “DIP” financing arrangement for the Lender in the bankruptcy case. Jim next pursued litigation against the feeding operations’ principals in Nebraska on their guarantees to collect the amounts due. Meanwhile suppliers to the feeding operation filed lawsuits in the bankruptcy court challenging the priority of the Lender’s liens on the certain of the collateral arguing they held on Iowa Agricultural Supply Dealer’s Lien. Jim was successful in defending the lien litigation until he could obtain a judgment against the guarantors in the Nebraska litigation. This resulted in a settlement that ended the Lender’s expenses in the lien litigation while providing it with payment in full of its loan in less than a year.