March 4, 2013
Norris McLaughlin & Marcus, P.A.
721 Route 202-206
P.O. Box 5933
Bridgewater, NJ 08807-5933
Contact: Edward C. Miller, Jr.
Chief Marketing Officer
(908) 722-0700 x4224
Gary Marks Speaks on Bankruptcy Preference Claims for Local Business Group
Bridgewater, NJ (March 4, 2013) – Gary N. Marks, a Member of the Bridgewater-based law firm Norris McLaughlin & Marcus, P.A., presented “Bankruptcy Preference Claims: A Trap for the Unwary,” on February 28, 2013, at the offices of the Somerset County Business Partnership (SCBP). The interactive session, sponsored by the SCBP’s Financial Services Special Interest Group (FiSIG), explored what preference claims are, how to avoid becoming subject to a preference claim, what to do if served with a preference claim, how preference claims are typically resolved, and what happens after the resolution.
The mission of the FiSIG is to educate the SCBP members on issues affecting their personal and professional financial lives, so often intertwined in small- and mid-sized businesses. The group also meets regularly to discuss economic and legislative issues that may impact business and/or personal profitability, share best practices and offer educational workshops to the general membership.
Marks, a resident of Randolph, devotes his practice to bankruptcy law. Marks has substantial experience in corporate and individual reorganizations and liquidations under the U.S. Bankruptcy Code and state insolvency laws. He has experience guiding financially distressed companies through the reorganization process by identifying the sources of financial problems, recommending solutions, planning reorganization strategy, interfacing with management on a day-to-day basis and negotiating confirmable plans of reorganization with disparate creditor interests. He also has extensive experience representing Chapter 11 operating trustees and creditors’ committees in significant cases. He is a frequent lecturer and author on a variety of bankruptcy-related issues.
Marks is included in the Bankruptcy and Creditor-Debtor Rights Law section of the current issue of The Best Lawyers In America.
Marks earned his J.D. from Rutgers University School of Law in 1977 and his B.A., cum laude, Phi Beta Kappa, from Rutgers College in 1974. Marks is admitted to the New Jersey Bar, the U.S. District Court for the District of New Jersey and the U.S. Court of Appeals for the Third Circuit. He is a member of the New Jersey State Bar Association, as well the Turnaround Management Association. Marks is also a Master of the Bankruptcy Inn of Court.