Mr. Kruchek is a partner in the Scottsdale office of Kutak Rock LLP.
He began his career shortly before the beginning of the real estate downturn of the late 1980s and early 1990s. During this period he focused his practice on representing lenders such as pension trust funds, insurance companies and banks with claims secured by real and personal property. He provided advice on all aspects of bankruptcy, including enforcement of lenders’ rights, obtaining relief from the automatic stay to permit a lender to proceed with state law foreclosure rights and remedies, debtor-in-possession financing, asset purchases and sales, lease assumption and assignment, adequate protection and plans of reorganization. As the market improved during the mid-1990s, Mr. Kruchek transitioned his practice to representing lenders in negotiation and documentation of loans secured by real property and other assets and worked with various homebuilders, landowners and individuals negotiating and documenting real estate purchases and sales.
In the market turmoil and recession that began in 2008, Mr. Kruchek returned to representing lenders in loan workouts, modifications, loan enforcement and bankruptcy as described above. As the market has improved, Mr. Kruchek’s practice continues to largely focus on distressed debt enforcement and bankruptcy work but also… Read More