Bankruptcy Master Class | Neville Reid | #31
Bankruptcy
Today's show is a master class on bankruptcy. Dave Lorenzo interviews Neville Reid, a Chicago Bankruptcy Attorney and Trustee. Neville shares many insights while teaching our viewers and listeners all about Federal Bankruptcy Proceedings.
If you are involved in the practice of law or in business transactions, you need to join us for today's show.
00:00 Introduction Bankruptcy Master Class
01:20 Why Neville Chose Bankruptcy as His Practice Area
03:30 Dave and Neville Discuss the Fraternal Nature of the Bankruptcy Bar
05:35 An Example of a Bankruptcy Case with Multiple Creditors
09:00 Why Each Creditor In a Chapter 11 Needs to Have Their Own Lawyer
10:00 Why Neville Chose to Be a Bankruptcy Trustee
12:20 Neville Shares His Opinion About the Bankruptcy Stigma
20:15 What a Business Owner Should Do If He/She is Getting Calls from Creditors
26:50 The Superpower Bankruptcy Lawyers Have
30:50 Who Gets Paid First in a Bankruptcy Proceeding?
33:59 How Neville Gets New Cases
38:15 How Neville Balances Working and Life
Neville Reid
Bankruptcy Attorney and Trustee
(312) 375-1504
nreid@foxswibel.com
https://foxswibel.com/who-we-are/n-ne...
About Neville Reid:
Neville Reid is an attorney and a capital partner who co-chairs the Bankruptcy, Restructuring and Creditors’ Rights Group at the law firm of Fox, Swibel, Levin & Carroll LLP in Chicago. Prior to Fox Swibel, Neville was a partner in the bankruptcy group of Mayer Brown LLP, where he practiced law for 22 years. His principal expertise is advising companies, lenders, receivers, trustees, investors and other clients on a wide array of insolvency-related issues, including restructuring corporations and their relationships with creditors, advising lenders on restructuring loans with distressed borrowers, and structuring acquisitions of distressed assets for investors. Neville has over 30 years of experience in this area, including 28 years as a bankruptcy trustee who is frequently appointed by bankruptcy judges to investigate fraudulent transactions and liquidate assets in bankruptcy cases for the benefit of creditors. Neville has also served as a receiver appointed by the SEC in a Ponzi scheme case currently pending in Chicago.
Neville has served on the Board of Directors of the National Association of Bankruptcy Trustees for the past 7 years and was its President in 2020-2021. In 2017, Neville received the Illinois Harvard Law Society’s Role Model Award. Neville has been rated AV Preeminent through the Martindale-Hubbell Peer Review Rating system, and since 2012 has been named to the list of Illinois Super Lawyers. In 2021, Neville was selected to be a Fellow in the prestigious American College of Bankruptcy (ACB), based on his professional accomplishments in the insolvency profession, ethics, and civic engagement. He will be formally inducted in the ACB in Spring of 2022.
Neville and his wife, Reverend Adonna Reid, have five children and live in Chicago’s Beverly community. Neville received his B.A. from Harvard College, magna cum laude, in 1984, and his law degree from Harvard Law School in 1987.
If you are involved in the practice of law or in business transactions, you need to join us for today's show.
00:00 Introduction Bankruptcy Master Class
01:20 Why Neville Chose Bankruptcy as His Practice Area
03:30 Dave and Neville Discuss the Fraternal Nature of the Bankruptcy Bar
05:35 An Example of a Bankruptcy Case with Multiple Creditors
09:00 Why Each Creditor In a Chapter 11 Needs to Have Their Own Lawyer
10:00 Why Neville Chose to Be a Bankruptcy Trustee
12:20 Neville Shares His Opinion About the Bankruptcy Stigma
20:15 What a Business Owner Should Do If He/She is Getting Calls from Creditors
26:50 The Superpower Bankruptcy Lawyers Have
30:50 Who Gets Paid First in a Bankruptcy Proceeding?
33:59 How Neville Gets New Cases
38:15 How Neville Balances Working and Life
Neville Reid
Bankruptcy Attorney and Trustee
(312) 375-1504
nreid@foxswibel.com
https://foxswibel.com/who-we-are/n-ne...
About Neville Reid:
Neville Reid is an attorney and a capital partner who co-chairs the Bankruptcy, Restructuring and Creditors’ Rights Group at the law firm of Fox, Swibel, Levin & Carroll LLP in Chicago. Prior to Fox Swibel, Neville was a partner in the bankruptcy group of Mayer Brown LLP, where he practiced law for 22 years. His principal expertise is advising companies, lenders, receivers, trustees, investors and other clients on a wide array of insolvency-related issues, including restructuring corporations and their relationships with creditors, advising lenders on restructuring loans with distressed borrowers, and structuring acquisitions of distressed assets for investors. Neville has over 30 years of experience in this area, including 28 years as a bankruptcy trustee who is frequently appointed by bankruptcy judges to investigate fraudulent transactions and liquidate assets in bankruptcy cases for the benefit of creditors. Neville has also served as a receiver appointed by the SEC in a Ponzi scheme case currently pending in Chicago.
Neville has served on the Board of Directors of the National Association of Bankruptcy Trustees for the past 7 years and was its President in 2020-2021. In 2017, Neville received the Illinois Harvard Law Society’s Role Model Award. Neville has been rated AV Preeminent through the Martindale-Hubbell Peer Review Rating system, and since 2012 has been named to the list of Illinois Super Lawyers. In 2021, Neville was selected to be a Fellow in the prestigious American College of Bankruptcy (ACB), based on his professional accomplishments in the insolvency profession, ethics, and civic engagement. He will be formally inducted in the ACB in Spring of 2022.
Neville and his wife, Reverend Adonna Reid, have five children and live in Chicago’s Beverly community. Neville received his B.A. from Harvard College, magna cum laude, in 1984, and his law degree from Harvard Law School in 1987.