Chair of the firm’s Bankruptcy, Restructuring & Litigation Practice, Sheila Calello protects creditors’ rights, including handling workouts, state and federal court commercial litigation, foreclosures, defensive litigation, loan sales, forbearance agreements, and bankruptcy matters. She has addressed numerous types of commercial claims involving all types of commercial properties and collateral.
Sheila’s extensive experience gives her insight into the unique business needs and objectives of her clients. She has developed long-lasting relationships with her clients who rely on her counsel concerning collecting or restructuring their troubled loans or protecting their interests, including advising on lender liability claim prevention.
Sheila’s appellate work includes having co-written the briefs and participated in the lender’s appeal in In re Jason Realty before the Third Circuit Court of Appeals, which established a lender’s outright entitlement to rents under an assignment of rents. She also participated in preparing amicus briefs before the New Jersey Supreme Court, including a challenge to the Appellate Division’s holding as to when the statute of limitations begins to run under the actual fraud provisions of the New Jersey Fraudulent Transfer Act.
A frequent lecturer and writer, Sheila has spoken on a variety of subjects related to enforcement of remedies, loan collection, and bankruptcy-related issues. Her published writings include “Jason Realty: The End of Single Asset Reorganizations?” on lender’s rights under an assignment of rents published in the New Jersey Debtor Creditor Newsletter and an article in the Seton Hall Law School Constitutional Law Journal on the Eighth Amendment and proportionality review.