Michael Sirota

September 26, 2017 | New York Law Journal

In a June 12, 2017 decision, the U.S. Supreme Court unanimously held that certain consumer finance companies that purchase and collect defaulted debts originated by other lenders are exempt from the strictures of the FDCPA. The case, which turns on who qualifies as a "debt collector" under the FDCPA, has significant implications for the distressed debt industry and will likely lead to industry-wide changes as companies restructure so as to benefit from the guidance contained in this ruling.

By Michael Sirota and Rebecca Hollander

7 minute read

September 19, 2016 | New York Law Journal

Michael Sirota and Felice Yudkin of Cole Schotz discuss the recent Second Circuit ruling in the General Motors bankruptcy case writing: The 'Motors Liquidation' decision serves as an important lesson to buyers of assets in 363 sales: Actual notice to known or potential creditors is critical.

By Michael Sirota and Felice Yudkin

11 minute read