Lawrence J. Yumkas

Lawrence J. Yumkas

Location:
Columbia, Maryland
Phone:
443-569-0758
Email:

Professional Experience

During his more than 25 years in the private practice of law, Mr. Yumkas has represented corporate debtors, lenders, secured creditors, unsecured creditors, a bank holding company, landlords, distressed investors, hedge funds, private equity, franchisors and franchisees, bankruptcy trustees and receivers in all aspects of insolvency law, corporate deal making,  dispute resolution, and bankruptcy.

Widely regarded for his strategic, negotiation and litigation skills, Mr. Yumkas is known as a passionate, efficient and creative problem solver and leader. Mr. Yumkas also has hands-on management experience. He has been Managing Member of the firm since its founding in 2009. He is the former CEO of ACG, LLC, an insurance company acquisition and liquidation specialty business. Prior to joining ACG in 2007, Yumkas served on the three member management team of his prior law firm, overseeing the business of more than 30 professionals and 60 overall employees. Mr. Yumkas is a past president of the Bankruptcy Bar Association for the District of Maryland, where he oversaw and managed a non-profit professional organization of more than 325 insolvency attorneys.

Recently, Mr. Yumkas has started to bring his unique skill set to mediation, where he has trained and can now serve as a uniquely qualified neutral for business and bankruptcy disputes.

Mr. Yumkas enjoys an AV rating from Martindale Hubbell, is currently included again in Best Lawyers in America for bankruptcy and creditor's rights, and has been selected by his peers for inclusion in the 2007 to present editions of Maryland Super Lawyers in the category of bankruptcy and creditor/debtor rights.

Sample Past Engagements

In re: Barracks Row, [ENT Group, LLC et al] - Debtor’s Counsel for 10 restaurant entities in Washington D.C. Chapter 11 reorganization bankruptcy cases.

In re: First Mariner Bankcorp - Local and co-counsel to debtor in bank holding company’s Maryland Chapter 11 bankruptcy case. The case featured the successful auction sale of the debtor's operating subsidiary and a confirmed plan of liquidation.

In re: Flat Out Crazy LLC- Secured creditor’s counsel in the bankruptcy cases of two restaurant chains in the Southern District of New York.

In re: WISP Resort Bankruptcy- Directed debtor’s successful bankruptcy auction sale of WISP Resort and dozens of valuable real estate lots in Chapter 11 bankruptcy cases in Maryland.

In re: PJCOMN Acquisition Corporation - Debtor's counsel in a Maryland Chapter 11 bankruptcy case for 72 store Papa John's franchisee with operations in Colorado and Minnesota. Case resulted in the successful auction sale of all stores and a structured dismissal after a material distribution to unsecured creditors.

In re: Fairfax Crossing LLC and Fairfax Crossing II LLC - Debtors' counsel in Chapter 11 bankruptcy case for commercial and residential real estate development in the Northern District of West Virginia. Case resulted in successful reorganization pursuant to a confirmed plan.

In re: Baltimore & Charles Associates, LLC - Debtor's counsel in mixed use office, retail and hotel building owner liquidation in Chapter 11 in Maryland. Building was converted into condominiums and sold in three distinct use pieces to different buyers per confirmed plan.

In re: Inphomation Communications Inc. - Special litigation counsel to bankruptcy trustee in liquidation of pioneering telephonic advice company known as the “Psychic Friends Network."

In re: After Six, Ltd. - Debtor's counsel for world renowned manufacturer and licensor for men's formal wear. Planned Chapter 11 liquidation resulted in unsecured creditors being repaid 96% of their claims against the Debtor's estate.

In re: Bogdan - Counsel for prevailing appellant trustee in Fourth Circuit on appeals of District Court and Bankruptcy Court decisions establishing significant national law providing that (1) unconditional assignment by mortgage lenders of whatever claims they had against debtor's alleged coconspirators, with no right to share in trustee's recovery except pro rata with other creditors of estate, was sufficient to give trustee standing to prosecute these assigned claims and, (2) doctrine of in pari delicto did not apply to prevent Chapter 7 trustee, as unconditional assignee of mortgage lenders, from pursuing causes of action that lenders had against debtor's alleged coconspirators. [In re Bogdan, 414 F.3d 507 (4th Cir. 2005)]

In re: USinternetworking, Inc. - Local Counsel to prevailing defendant in published summary judgment opinion (310 B.R. 274 Bankr.D. Md., 2004) holding that debtor was judicially stopped from bringing cause of action that it had knowingly failed to disclose as an asset in its schedules, disclosure statement or plan.

In re: C. J. Miller, Inc., Miller Asphalt Products, Inc. - Represented senior secured lender and provider of debtor-in-possession financing in successful chapter 11 reorganization of regional road construction and asphalt production business with $50 million in annual sales.

Corporate Counsel to startup internet wine seller, captive insurance company, restaurants, construction companies, and real estate developers, among others.

Bar Admissions

  • Maryland, 1988
  • District of Columbia, 1990
  • West Virginia, 2011
  • U.S. District Court District of Maryland, 1989
  • U.S. District Court of the District of Columbia, 1993
  • U.S. Court of Appeals 4th Circuit, 2000
  • U.S. Supreme Court, 2005
  • U.S. District Court Northern District of West Virginia, 2011

Education

  • University of Maryland School of Law, Baltimore, Maryland
    • J.D. - 1988
  • Union College, Schenectady, New York
    • B.A. cum laude - 1985
    • Honors: With Distinction
    • Major: Political Science

Professional Associations and Memberships

  • Maryland State Bar Association
  • District of Columbia Bar
  • West Virginia Bar Association
  • The Bankruptcy Bar Association, District of Maryland (President, 2006 – 2007)
  • Anne Arundel Bar Association, 2010 - Present
  • Everyman Theatre, Baltimore, Maryland, Board of Directors, 2011 - Present

Past Employment Positions

  • ACG, LLC, CEO, 2007 - 2009
  • Rosenberg Martin Greenberg, LLP, Partner, 1995 - 2007
  • Whiteford Taylor & Preston, Associate, 1993 - 1995
  • Blum, Yumkas, Mailman, Gutman and Denick, PA, Associate, 1989 - 1993
  • Hon. Marvin J. Garbis U. S. District Judge (Maryland), Clerk, 1990
  • Melnicove Kaufman Weiner Smouse & Garbis, Associate, 1988 - 1989