- Bankruptcy & Creditors' Rights
- Financial Services
- Creditor's Rights
- Banking and Finance
- Business Disputes
|Mailing Address||P.O. Box 3463, Greensboro, NC, 27402|
|University ||University of North Carolina, B.A., 1984|
|Law School||Louisiana State University, J.D., 1993|
|Admitted||1993, North Carolina; U.S. District Courts of Eastern, Middle, and Western North Carolina|
Civic & Professional Memberships
•Greensboro Bar Association
•North Carolina Bar Association
•NC Creditors Bar Association
•NC Bankers Association
Brooks Bossong focuses his practice on banking law, creditors’ rights, special assets and commercial litigation. He represents a wide variety of financial institutions and business lenders in the workout and restructuring of troubled debt facilities.
When restructuring is no longer a viable option, Brooks handles the prosecution of debt and collateral recovery, including bringing suit in state or federal court, handling foreclosures (as trustee or as lender’s counsel, with significant experience working with complex servicing and participation agreements), handling the domestication and enforcement of foreign judgments, representing the lender in federal forfeiture proceedings, pursuing prejudgment remedies such as attachment and replevin/claim and delivery, and pursuing post judgment supplemental proceedings. Brooks assists clients with loan modifications and loan sales. He also regularly advises lenders/servicers on state and federal compliance issues including, within the consumer context, compliance with the Consumer Financial Protection Bureau’s rules relating to mortgage servicing, early intervention, and loss mitigation procedures.
Brooks has considerable experience in state and federal courts, including trial and motions practice, appellate advocacy and bankruptcy practice.
Speaking & Writing
•Avoiding the Fiduciary Duty Trap: Lessons Learned and Practical Tips
October 1, 2014
Consumer Financial Protection Bureau 101
November 10, 2014
•Changes to Mortgage Servicing Rules
November 20, 2014
•Why the Flagstar Bank Case is Important
January 8, 2015
•The Consumer Financial Protection Bureau's case against Corinthian Colleges
March 12, 2015
•Corinthian Colleges: Part Two - the Perfect Storm
April 29, 2015
•The Consumer Financial Protection Bureau's cases against Sprint and Verizon for Mobile Cramming
June 23, 2015
•The Consumer Financial Protection Bureau's new Know Before You Owe Mortgage Disclosure Rule
July 23, 2015
•The Consumer Financial Protection Bureau's case against Citibank for violations relating to credit card add-on products
August 25, 2015
Brooks has spoken at numerous CLEs on the topics of creditors’ rights, landlord tenant law, supplemental proceedings, foreclosures, and the Federal Fair Debt Collection Practices Act.
He co-authored an edition of Successful Judgment Collections in North Carolina published by National Business Institute in 2000, and was also a co-author of the NC State Bar Association 2011 CLE Manual on Collection and Enforcement of Judgments.
Blog: Consumer Financial Protection Bureau
Outside Nexsen Pruet
Outside Nexsen Pruet, Brooks enjoys racquet sports as a way to reduce stress and pretend he’s physically thrashing the opposition. When he's not playing sports, Brooks is active in the YMCA Adventure Guides Program. He is also a flag football coach for the YMCA. Brooks is a member of Centenary United Methodist Church in Winston-Salem.
|Reported Cases||Notable: In early 2015, the North Carolina Bankers Association called on Brooks to author a Legal Memorandum regarding the Consumer Financial Protection Bureau's new mortgage servicing rules and the recent Flagstar Bank Enforcement Action.; On December 11th, 2014 Brooks was a CLE presenter at the North Carolina Bar Center in Cary. The event focused on collection and enforcement of judgments. Brooks presented on Ethical Considerations in Collection Matters and examined topics such as: The Intersection of the Federal Fair Debt Collection Practices Act and the North Carolina Debt Collection Act; North Carolina's Emergency Program to Reduce Home Foreclosures Act; The Consumer Financial Protection Bureau's new mortgage servicing rules; Over the past year Brooks has been very active in loan workouts and restructurings. In court, Brooks was recently successful in defending a banking client from lender liability claims, obtaining an order at summary judgment dismissing all of defendants' claims while obtaining an award on his client's claims for the full balance due.; Brooks was also recently successful in handling an appeal relating to the imposition of personal liability on an individual corporate agent for a defendant judgment debtor who refused to furnish a schedule of the defendant's property to the levying officer. Insulation Systems, Inc. v. Fisher, 2009, 197 N.C.App. 386, 678 S.E.2d 357, review denied 363 N.C. 654, 684 S.E.2d 890.|
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