MARC BARMAT
Marc Barmat is a Partner with the firm whose practice focuses on bankruptcy and fiduciary representation. Marc serves as a Chapter 7 Panel Trustee in the Southern District of Florida, where he administers individual and complex commercial bankruptcy estates. He also serves as an Assignee for the Benefit of Creditors providing practical and efficient solutions in distressed business and insolvency matters.
Marc represents businesses, financial institutions, creditors, trustees, and other fiduciaries in all aspects of bankruptcy and insolvency litigation. His practice includes asset sales under Section 363 of the Bankruptcy Code, avoidance actions involving preferential and fraudulent transfers, contested matters, adversary proceedings, and disputes concerning discharge and dischargeability. He also advises fiduciaries on maximizing estate value, resolving claims efficiently, and minimizing litigation costs whenever possible.
Marc has long been active in the bankruptcy and legal community. He served for ten years on the Board of Directors of the National Association of Bankruptcy Trustees and is a frequent lecturer on bankruptcy and insolvency topics. He has also served on the Board of Directors of the South Palm Beach County Bar Association, remains active in numerous professional organizations, and provides pro bono legal services to community organizations.
Contact Info
Practice Area: Bankruptcy
Direct Line: 561.445.6229
E-Mail: mbarmat@slp.law
Education
California Western School of Law, San Diego, California,
J.D., 1994
Honors: Pro Bono Honor Society
Law Review: California Western Law Review, Staff Editor
Pennsylvania State University, University Park, Pennsylvania,
B.S., 1990
Bar and Court Admissions
The Florida Bar, 1994
United States District Court for the Southern District of Florida
United States District Court for the Middle District of Florida
United States District Court for the Northern District of Florida
The New Jersey Bar, 1994
Representative Fiduciary Matters
Investments SWK, LLC
Served as Chapter 7 Trustee for a 46,000-square-foot commercial office building following conversion from Chapter 11. Operated and marketed the property, negotiated a secured creditor carve-out, obtained approval of stalking horse procedures, bidding procedures, and an auction, and increased the purchase price from an initial $4.2 million stalking horse bid to a final sale price of $5.5 million through competitive bidding. Also obtained authority to sell the property free and clear of disputed mortgages, insider claims, leasehold interests, and competing liens.
In re Comprehensive Clinical Development, Inc.
Served as Chapter 7 Trustee following conversion from Chapter 11 and administered a complex bankruptcy estate involving approximately 17,000 cartons of clinical trial records belonging to numerous pharmaceutical sponsors. Worked with an ad hoc committee of major pharmaceutical companies to develop and obtain court approval of a comprehensive protocol governing the review, storage, cost allocation, and return of sensitive clinical study records.
In re Generex Biotechnology Corp.
While serving as the Chapter 7 Trustee, developed and implemented competitive bidding procedures for the sale of disputed equity interests in biotechnology subsidiaries. Negotiated a settlement establishing a $1.55 million floor bid while preserving the estate’s ability to solicit higher offers, resulting in a competitive auction that increased the purchase price to $3.35 million.
In re Sefa Cevik
Served as the Chapter 7 Trustee and obtained court approval to sell a $3.6 million waterfront residence free and clear of competing ownership claims, foreclosure judgments, municipal liens, homeowners association liens, and other encumbrances. Negotiated a $250,000 secured-creditor carve-out, resolved complex title and ownership disputes, and completed a sale maximizing value for the bankruptcy estate.
United Safety and Alarms, Inc.
Served as Chapter 7 Trustee for an operating commercial alarm monitoring company. Continued operating the business for several months, preserving recurring revenue while marketing the business as a going concern. Negotiated a comprehensive settlement with a disputed secured creditor that resolved lien and preference litigation, generated a substantial payment to the bankruptcy estate, included the assumption and assignment of the company’s alarm monitoring contracts, and facilitated the transfer of the operating business as a going concern.
Sugar Town, LLC and ATIO USA, LLC
Served as Assignee in the administration and sale of a specialty aluminum manufacturing business. Structured competitive bidding procedures, successfully navigated intervening involuntary bankruptcy proceedings, obtained stay relief permitting the state court sale process to continue, and completed the sale of substantially all business assets through a court-approved auction.
Alpha Prime Apparel, Inc.
Represented the Assignee in the successful sale of an online apparel retailer as a going concern to the company’s former principal and largest creditor, preserving business value while facilitating an orderly liquidation through the Assignment for the Benefit of Creditors proceeding.
Amani Enterprises, LLC d/b/a Tissini,
Served as Assignee in the administration and sale of an international direct-to-consumer women’s apparel business. Continued operating the business during the assignment while marketing substantially all assets as a going concern. Negotiated the resolution of objections asserted by the senior secured lender, obtained court approval of a sale free and clear of all liens and successor liability claims, and completed the sale of substantially all business assets to preserve the ongoing enterprise.