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March 13, 2013

Norris McLaughlin & Marcus, P.A.
P.O. Box 1018
Somerville, NJ 08876-1018
Contact: Edward C. Miller, Jr.
Chief Marketing Officer
(908) 722-0700, X-4224
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Richard B. Somach Presented at Breakfast Seminar

Allentown, PA (March 13, 2013) – Richard B. Somach, a Member of Norris McLaughlin & Marcus, P.A., co-presented “What to do if Your Borrower Says the “B” Word! (Or, Will the Borrower’s Bankruptcy Make My Horrible Loan Even Worse?),” on March 12 at Brookside Country Club in Macungie, Pennsylvania, at 7:15 a.m.  Somach presented with Jack M. Seitz, Esquire.  The two discussed the types of bankruptcy, how bankruptcy can be a good thing, how you get notice of bankruptcy and what it looks like, the effect of filing bankruptcy, filing claims and avoidance.

“All of the topics in this session are informative and review timely issues,” said Somach.

Somach focuses his practice on real estate, commercial law, and creditors’ remedies, representing real estate development companies, shopping centers, and local banks.  In the banking area, Somach assists clients with their transactional, litigation, and operational needs, and has extensive experience handling collections, foreclosures and complex commercial workouts.   He has represented real estate owners, developers and investors in a broad range of real estate transactions including zoning matters, residential subdivisions and shopping center development.  Somach serves as Assistant Lehigh County Solicitor, advising the Sheriff’s Office, the Tax Assessment Office and the Tax Claim Bureau, and frequently writes and lectures on real estate matters, sheriff’s sales and real estate tax sales.  He moderated “Sheriff's Sales in Pennsylvania” and authored “Sheriff's Sales and Real Estate Tax Sales” for A Day on Real Estate sponsored by the Pennsylvania Bar Institute (PBI).  Somach has presented lectures on mortgage foreclosures—"Issues in Commercial Mortgage Foreclosure" and "Issues in Residential Mortgage Foreclosure”—for PBI and has lectured at the annual Real Estate Institute Program. He is a past president of the Salisbury Township School Board, a member of the Pennsylvania Bar Association, and a member and past president of the Lehigh County Bar Association.  Somach earned his J.D. in 1974 from Hofstra University and his B.A., with honors, from Lehigh University in 1971.

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