Neal H. Bookspan
Saving a Business, and Jobs, by Workout with
Creditors : A retail client faced harsh economic
situations with both its vendors and landlords. Neal
negotiated with his client's creditors. He was able to help
the company streamline its operations, work with the landlords and
settle with creditors. The business was restructured and was
able to avoid closing or filing bankruptcy.
Breaking a Deadlock: When the majority
shareholder in a manufacturing company found the board of directors
deadlocked with the company's future at stake, Neal stepped in and
forced the issue. That resulted in a receiver being appointed, thus
saving all outstanding contracts, including a very large deal that
was about to be cancelled by a customer.
Saving Investors' Hard-Earned Cash: When a
local businessman and his companies defrauded investors, Neal
obtained a multi-million dollar judgment on the investors' behalf.
Then he found a creative way to work with the judgment debtors to
come to a settlement.
Get To Know Neal In His Own Words
"I advise my clients in layman's terms so they understand the
issues they're facing and their options. This saves them time and
allows them to focus on their business."
"I like being able to help people and their businesses. When you
help someone move to the next level with their business, or assist
them successfully in litigation or through settlement, there's a
continuing job satisfaction that keeps you trying to assist your
clients as best you can."
- Former law clerk to Chief Bankruptcy Judge Honorable Robert G.
- Extensive experience in bankruptcy and commercial
- Seasoned in construction litigation, including prosecution and
defense of construction defect issues and mechanic's liens,
subcontractor contract review, change order issues, payment rights
Professional and Civic Service
- American Bankruptcy Institute, Member
- Arizona State Bar, Bankruptcy Section, Chair of the
- Maricopa County Bar, Member
- Turnaround Management Association, Member
J.D. with honors, Drake University School of Law, 1992
B.S. Business Administration, University of Arizona, 1989
U.S. District Court, District of Arizona, 1992
- District Court interpreting new Ninth Circuit case law related
to what claims a borrower can and cannot assert against a
lender who purchased the assets and assumed certain liabilities of
a failed bank from the FDIC. Read the
Motion for Leave opinion here.
- District Court ruling that a party who did not comply with a
State Court order to post additional bond to keep a preliminary
injunction in place in reliance on a legal position is subject to
the preliminary injunction being dissolved. Read the
Injunction Opinion here.
Neal Bookspan named 2013 Southwest Super Lawyer-Arizona
3200 North Central Avenue
. Phoenix . Arizona