| Since 1984, Jeffrey H. Beck has served as a Bankruptcy Trustee, Examiner, Plan Administrator, Liquidating Agent, Advisor to Trustee and Receiver. From 1994 to 2006, Mr. Beck was on the Panel of Chapter 7 Trustees for the United States Bankruptcy Court for the Southern District of Florida. Mr. Beck’s trustee and receivership experience includes operating and liquidating positions in dozens of substantial cases. Mr. Beck has managed business operations, liquidations, sales and restructurings and substantial litigation in the course of serving in these cases. Litigation recoveries under the direction of Mr. Beck exceed $150 million and include the prosecution of a litigation matter to the United States Supreme Court in which a 9-0 decision was rendered in favor of Mr. Beck as Trustee. Total funds administered and distributions made by Mr. Beck to creditors in such cases total in excess of $1.0 billion.
Trustee/Receivership Cases Administered
Mr. Beck has served or is currently serving as liquidating trustee, receiver, chapter 11 trustee, examiner, plan administrator, advisor to trustee and/or liquidating agent in the following substantial cases (for information about these cases please visit http://www.becktrustee.com/recentcases.html).
TOUSA, Inc. and TOUSA Homes, Inc. (Southern District of Florida) TOUSA and its affiliates operated as a publicly traded nationwide group of homebuilders under the names, Engle Homes, Newmark Homes, Trophy Homes and others. The TOUSA entities filed voluntary chapter 11 cases in 2008. A wind down plan was implemented by TOUSA and its affiliates in the course of the chapter 11 cases. To complete the liquidation process, the TOUSA Liquidation Trust was created in 2013 by the entities' confirmed chapter 11 plan. Mr. Beck's company, J Beck & Associates, Inc. was appointed Trustee of the Trust and continues to serve in that capacity.
IndyMac Bancorp, Inc. (Central District of California) IndyMac Bancorp, Inc. was the holding company for IndyMac Bank. IndyMac Bank failed in July 2008 with stated assets of $32B, making it one of the largest bank failures in US History. Mr. Beck was appointed in October 2008 by Alfred H. Siegel, the chapter 7 Trustee of IndyMac Bancorp, Inc. to serve as Advisor to the Trustee on matters relating to the administration of bankruptcy and other insolvency proceedings involving financial institutions.
Transcapital Financial Corporation and America Capital Corporation (f/k/a American Capital Corporation) (Southern District of Florida) Transcapital was a Florida based publicly traded savings and loan holding company (TransOhio Savings Bank, FSB was its wholly owned subsidiary). America Capital was Transcapital’s publicly traded majority owner. Mr. Beck was the Claims Examiner and was later appointed to be post confirmation Liquidating Agent for both companies.
Southeast Banking Corporation (Southern District of Florida) SEBC was a former NYSE Florida based bank holding company with $10.5 billion in assets and owner of Southeast Bank, NA and Southeast Bank of West Florida. Mr. Beck serves as Chapter 7 Trustee.
Southeast Bank, NA SEBNA was one of Florida’s largest national banks with over $10 billion in assets at the time of its failure and intervention. Mr. Beck served as Successor Agent to FDIC as Receiver.
ContiFinancial Corporation, ContiMortgage Corporation and other affiliates: (Southern District of New York) Conti was a former NYSE New York based national home mortgage, consumer and commercial lender, having originated and securitized over $30 billion in home equity, automobile and commercial loans. ContiMortgage and the other Conti affiliates engaged in mortgage servicing and other service activities relating to Conti’s mortgage origination and securitization business. Mr. Beck was the Liquidating Trustee.
Southern Pacific Funding Corporation: (District of Oregon) Southern Pacific was a former NYSE Oregon based national home mortgage lender and servicer having originated or purchased approximately $6 billion of home equity loans of which it securitized approximately $4 billion. Mr. Beck was the Liquidating Trustee.
Banco Latino International: (Southern District of Florida) Banco Latino was a Florida headquartered Edge Act bank with assets in excess of $200 million. Mr. Beck was Chapter 11 Trustee and then Post Confirmation Trustee after the successful reorganization and re-opening of Banco Latino.
Crown Vantage, Inc. and Crown Paper Company: (Northern District of California) Crown was a NASDAQ California based forest products/paper manufacturer. Mr. Beck was Liquidating Trustee.
SunCruz Casinos and JAB America, Inc: (Southern District of Florida) SunCruz was a Florida based 7 port, vessel based casino operation. Mr. Beck was Chapter 11 Trustee and later served as post confirmation Plan Administrator.
Other Trustee/Examiner Cases:
- Corporate Communications Group (long distance carrier)
- Knight Energy (gas/car wash/convenience retail store chain)
- Standard Brands of America (14 store white and brown goods retailer)
- Gardner Asphalt Corporation (national maker of roofing, paving products)
- Florida West Airlines (passenger and cargo airline)-Chapter 11 Examiner
- Ambassador Travel (operator of retail travel concessions in Federated stores)
- Shepard’s Dental Centers (dental and orthodontic services)
- Royale Group (f/k/a Cavanaugh Communities, real estate, casinos, hotels)
Legal Counsel Experience
Mr. Beck has represented numerous debtors in Chapter 11 cases, such as Caressa, Inc. ($60 million debt shoe manufacturer); Gardens East Plaza, Ltd. ($25 million debt shopping center); Summit Communities of Florida, Inc. ($38 million debt adult congregate living facility). He has represented Chapter 7 and Chapter 11 trustees in numerous cases, including Overseas Corporation and related cases (the Sonesta Villa Resort in Orlando, Florida); Hart Industries, Inc. (the nation’s first long distance telephone reseller/discounter); Airlift International Airlines (passenger and cargo airline); and Sanchez Hose and Equipment, Inc. (petroleum products and construction of service stations). Mr. Beck has also represented secured and unsecured creditors and creditors’ committees. Some of these representations included: Oxford Finance Companies on its $75 million claim in General Development Corporation; Whirlpool Financial Corporation in Prime Motor Inns; Citicorp Diners Club in Prime Motor Inns; J Co. Energy, Inc. in Northeastern Airways; First Union National Bank in Gateway Investments Corporation; Oppenheimer Government Securities in ESM Government Securities, the creditor’s committees in NDL Products (a publicly traded sporting goods products manufacturer) and in Century Group (the owner of a substantial film library); and Kaiser Aerospace and Electronics Corporation in Piper Aircraft Corporation.
Education and Admissions
Mr. Beck received a Juris Doctorate with honors from the University of Maryland, School of Law in 1977 and received a B.A. in Social and Behavioral Sciences from Johns Hopkins University in Baltimore, Maryland, in 1972. Mr. Beck was admitted to The Florida Bar and to the United States District Court for the Southern District of Florida in 1977.
Professional Activities and Recognition
Mr. Beck is a member and former Director of the Bankruptcy Bar Association of the Southern District of Florida; Past President of the Federal Bar Association, Broward County Chapter; a member or former member of: the American Bankruptcy Institute, the National Association of Bankruptcy Trustees and the Turnaround Management Association. Mr. Beck has lectured on bankruptcy and workout issues at seminars presented by The Florida Bar, University of Miami School of Law, Nova University Law School, the National Association of Credit Management, the Bankruptcy Bar Association for the Southern District of Florida and other organizations. He has been recognized in a number of publications for the quality of his bankruptcy practice including: Best Lawyers in America; Leading Florida Attorneys; Super Lawyers and Euromoney Guide to the Leading US Insolvency Lawyers.
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