- 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. He has also assisted clients with loan modifications and loan sales.
Brooks has considerable experience in state and federal courts, including trial and motions practice, appellate advocacy and bankruptcy practice.
•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
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: 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.|
Documents by this lawyer on Martindale.com
Changes to Mortgage Servicing Rules
Brooks Bossong, January 30, 2015
Armed with some background on what the Consumer Financial Protection Bureau (“CFPB”) is and does (from my 11-11-14 blog entry), let’s dive directly into the issue of rules. For starters, let’s look into the CFPB’s new rules relating to servicing mortgages.
Consumer Financial Protection Bureau - The Basics of the CFPB
Brooks Bossong, November 28, 2014
Let’s begin—honestly—by acknowledging that the very words, “the Consumer Financial Protection Bureau” tend to make our eyes glaze over, whether you’re a supporter or opponent of the CFPB’s cause or work for an institution that’s subject to the...
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