Gregory K. Jones

When faced with an insolvency, Greg Jones focuses on strategies that cut through challenging and contentious situations to achieve optimal results that enable debtors, lenders, and creditors to move forward productively. Greg has honed his career-long focus on bankruptcy cases and out-of-court restructurings while representing lenders, creditors’ committees, debtors, assignees for the benefit of creditors, purchasers of assets in bankruptcy cases, lessors, and defendants in preference and fraudulent transfer lawsuits. He also regularly appears before bankruptcy courts and state courts in litigious chapter 11 matters and has succeeded in converting chapter 11 cases to chapter 7 to maximize awards for lending institutions.

Gregory has served as counsel to the debtors in the successful reorganizations of:

  • Imperial Capital Bancorp, Inc. (U.S. Bankruptcy Court, Southern District, California)
  • A. Gear, Inc. (U.S. Bankruptcy Court, Central District, California)
  • Liberty House, Inc. (U.S. Bankruptcy Court, District of Hawaii)
  • Orange County, in its chapter 9 proceeding (U.S. Bankruptcy Court, Central District, California, Santa Ana Division)

Gregory has also served as counsel for numerous secured lenders that have faced fraudulent bankruptcy filings in California and Nevada and was successful in obtaining relief from the automatic stay or dismissal in these cases. These lenders have included OneWest Bank, N.A.; CIT Bank, N.A.; JPMorgan Chase Bank; Nationstar Mortgage, LLC; Wells Fargo Bank; and LoanCare, LLC.

Greg has built his reputation on understanding his client’s business goals to inform his counsel on solutions that meet their needs. Clients credit his commitment to collaborative communication and planning to develop consensus on how to reach outcomes efficiently and effectively. His zealous representation of clients has persevered in numerous court matters in which Greg’s credible and intelligent arguments have earned the respect of bankruptcy judges and enabled his clients to recoup millions of dollars in judgments that would have otherwise been tied up in protracted proceedings.

Experience

Greg was selected by the United States Department of Justice in 2020 to act as a subchapter V trustee in small business cases in the Central District of California. In that four year period, he has assisted in the confirmation of approximately 30 plans of reorganization, including in the cases of G-Star, Inc., Upgrade Labs, GI Toys, Adli Law Group, the Consumer Action Law Group, the 424 Group, and Laurel Apparel Group, LLC.
Obtained conversion of a chapter 11 case to a chapter 7 case for a large lending institution, which enabled a trustee to sell luxury property in Nevada.  After engaging in discovery, our team argued, among other things, that the debtor had not commenced her bankruptcy in good faith because she misrepresented her place of residence, failed to disclose the existence of her construction law suit, and made numerous misrepresentations in her bankruptcy schedules. The bankruptcy court agreed with our requested conversion of the chapter 11 case which led to a sale of the real property and satisfaction of the lenders’ approximately $4.3 million claim, with attorneys’ fees.
Obtained confirmation of a chapter 11 plan of reorganization for an independent motion picture/television production company in the Central District of California.  In connection with the plan confirmation, our team spent several years engaged in exhaustive negotiations with secured creditors and labor unions.
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Credentials

Education
  • University of California, Los Angeles School of Law, J.D., 1995
  • University of California, Los Angeles, B.A., magna cum laude, 1992
  • California
  • U.S. Bankruptcy Court, Northern District of California
  • U.S. Bankruptcy Court, Southern District of California
  • U.S. Bankruptcy Court, Eastern District of California
  • U.S. Bankruptcy Court, Central District of California
  • U.S. Court of Appeals, 9th Circuit

Related Practices

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