Michael J. Healy focuses his practice on bankruptcy and creditors’ rights, primarily representing institutional lenders and banking institutions. He also concentrates in reorganizational law, complex commercial litigation and commercial foreclosure work, such as enforcing mortgage liens against commercial properties. He counsels a diverse range of clients, from secured institutional lenders in large corporate reorganizations and litigation to out-of-court workouts for smaller companies.
What are the key issues you help clients manage in bankruptcy and foreclosure proceedings?
One key challenge is to manage client expectations about the bankruptcy laws and what those laws can and cannot achieve to protect and advance the client’s interests. In the commercial foreclosure context, I help clients understand how the New York mortgage foreclosure laws work, explain what the client can expect when enforcing its rights and remedies, and how those rights and remedies can be affected if and when the borrower files a bankruptcy petition. My primary goal is to listen to the client’s concerns and objectives and then explain options, offer advice and counsel, and help craft, pursue and achieve workable options and solutions.
“Success is being able to do what you’re passionate about and being able to craft solutions for a client’s legal problem.”
You’ve been at Farrell Fritz since the late 1980s. In your opinion, what separates the firm from other practices?
Farrell Fritz stands alone as a remarkable group of talented and dedicated legal professionals. We care about our clients and their success, and we are passionate about providing clients with the highest quality work product. We also care about each other. These elements combine to make Farrell Fritz a leader in the profession.
How do you give back to the community?
I enjoy doing pro bono work for not-for-profit institutions that provide housing and support services for those in need on Long Island.