Bill Wassweiler Named Turnaround Management Association's Trustee Counsel of the Year

Ballard Spahr Commercial Litigation Partner Bill Wassweiler has been named the Minnesota Chapter of the Turnaround Management Association’s 2020 Trustee Counsel of the Year.

Mr. Wassweiler worked on the matter that was honored as the Minnesota Chapter’s 2020 Turnaround of the Year. The transaction involved Certus Financial’s stabilization and subsequent asset sale of the 90-unit Grace Living Community of GlenOaks senior care facility in New London, Minn. The facility includes skilled nursing, assisted living, memory care, and independent living.

Mr. Wassweiler also was honored by the Turnaround Management Association in 2018 for his work assisting Certus Financial in the sale of a once-troubled assisted living and memory care facility in northern Minnesota. In his practice, he represents financial institutions serving as master trustees, bond trustees, collateral agents, master servicers, special servicers, paying agents, loan agents and other interested parties in matters involving structured finance, corporate debt, municipal debt, lending (including EB-5 lending) and project finance.

The Turnaround Management Association is an industry group for professionals who work in distressed investing, corporate restructuring, and turnaround management. It has some 8,300 members in 56 chapters worldwide.