Our Distressed Property and Workout Practice Group was created to provide the resources, skills, and experience necessary for clients to manage emerging issues during periods of economic and financial uncertainty.

Comprised of attorneys deeply experienced in commercial real estate, finance, bankruptcy and creditor rights, this practice concentrates on the acquisition, disposition, restructuring and development of troubled properties. We represent owners, sellers, investors, and buyers, as well as companies affected by the global financial crisis.

Hands-on help

Our team includes nearly 50 attorneys whose experience goes back more than 35 years and who have dealt with matters and concerns related to every major financial crisis during that time, including:

• A direct, hands-on understanding of virtually all types of real estate assets
• Negotiating and structuring complex real estate transactions
• Counseling borrowers and lenders on foreclosures, deeds in lieu of foreclosures, negotiated restructurings, workouts, and receiverships
• Developing, negotiating, and executing reorganization strategies for at-risk properties
• Enforcing lien rights in out-of-court restructurings and Chapter 11 cases
• Identifying ways for clients to take advantage of opportunities that distressed properties may provide
• Assistance in buying troubled properties, purchasing loans, and emerging from the bankruptcy and foreclosure processes
• Maximizing the distressed debt opportunities related to real estate
• Rapid response to due diligence requirements, including banking and environmental matters

Highly experienced lawyers

Lawyers in the Distressed Property and Workout Practice Group have earned a national reputation for their skills and professionalism.

Legal publisher Chambers & Partners named two of our real estate attorneys among the best in South Carolina, and members of the team have been listed in Best Lawyers in America in real estate, bankruptcy, creditor-debtor rights, public finance, and environmental law. Chambers also has rated Nexsen Pruet’s real estate practice No. 1 in South Carolina and ranked us the state’s No. 1 business firm.

Our Distressed Property and Workout Practice Group attorneys are drawn from the firm's real estate, finance, and bankruptcy and creditor's rights practices.

Nexsen Pruet recognizes the importance of having lawyers that reflect the broad diversity within our client base, our jury system, our colleagues, and our community at large.  To that end, we are committed to recruiting minority candidates, reducing minority attrition, supporting minority organizations, and expanding and improving our diversity program.  We also recognize that the pursuit of a diverse workplace is, and should be, ongoing. 

As a means of promoting these interests, we created the Nexsen Pruet Diversity Scholarship Program. Prior to creating the scholarship, we completed a written plan that identified methods by which the firm could recruit, hire, and retain minority lawyers. The plan includes expanding our recruitment efforts to other law schools, increasing recruitment of lateral minority and female candidates, and continuing to develop and enhance our relationships with minority law organizations such as the Black Law Students Association.  Our goal is to identify qualified minority candidates who may be potential members of the firm.

Nexsen Pruet understands the need for and value of increased diversity, and we are strengthening and building upon our commitment to provide an inclusive environment within our firm.  As such, we will maintain a continuing focus on doing whatever we can to achieve the important and necessary goal of diversity.

Nexsen Pruet Diversity Scholarship

Strengthening the Lawyers of Tomorrow...Today

   The Nexsen Pruet Diversity Scholarship aims to:  

• Support diversity within our firm and the bar  
• Enhance educational opportunities for talented minorities in the field of law  
• Inform minority law students of opportunities for private practice in the Carolinas   

The Scholarship Program will award $3000 to one or more exceptional first year minority law students planning a career in North or South Carolina.   

All scholarship recipients will be considered for summer employment in one of the Nexsen Pruet offices upon completion of their first year of law school.  Scholarship recipients are invited to re-apply for additional scholarships during their second and third years of law school.   

 Eligible students must be attending one of the following schools:

• University of North Carolina School of Law
• University of South Carolina School of Law
• Wake Forest University School of Law 
• North Carolina Central University School of Law 
• Charleston School of Law
• Charlotte School of Law