Riemer & Braunstein Llp

Douglas K. Clarke

Partner / Banking & Finance: Boston Office; 617-880-3485; 617-692-3485 fax; dclarke@riemerlaw.com

Doug specializes in representing lenders in workout, debt restructuring, and bankruptcy-related matters. He has represented banks, financial institutions, and other lenders in all aspects of commercial finance transactions—from single lender loans to complex multi-lender participations and syndicated credits. He also has extensive experience in negotiated resolutions and involuntary resolutions of troubled credits.

His practice focuses on the enforcement of creditors’ rights under Article 9 of the Uniform Commercial Code and the Bankruptcy Code. Doug’s work with lenders regularly involves negotiating and documenting financing arrangements. It also may involve the enforcement of creditors’ rights and secured party sales.

Representative Transactions

Represented agent for a syndicate of lenders to a national restaurant chain in a $25 million revolving credit facility in connection with a forbearance arrangement and eventual sale of company
Represented lender to a multi-state advertising consultant company in the restructuring of a $12 million loan facility
Represented secured lender to a foundry business in a $1 million loan facility in adversarial proceedings to convert a Chapter 11 reorganization proceeding to a Chapter 7 liquidation of company’s assets, including the foreclosure sale of the foundry building
Represented secured lender to an Internet company in a multi-million dollar loan facility in connection with the wind-down of the business and the secured party sale of assets, including intellectual property
Represented real estate lender to residential real estate investors regarding a negotiated settlement involving consensual and foreclosure sales of multi-unit apartment buildings in Western Massachusetts and Vermont
Represented lenders in the sale of loans to third parties

Affiliations: Boston Bar Association; Massachusetts Bar Association; Turnaround Management Association

Admissions: Commonwealth of Massachusetts, 1996; U.S. District Court, District of Massachusetts, 1997

Education: University of Michigan Law School, J.D., cum laude, 1996; Harvard University, A.B., cum laude, 1993