Leona Mogavero is a Shareholder in Zarwin Baum’s Business Practice Group and concentrates her practice in the areas of insolvency, creditor’s rights and bankruptcy. She has spent over thirty years representing clients, primarily secured creditors, in all aspects of loan works-outs, restructuring, enforcement and asset recovery. Lee also serves as a Subchapter V (of Chapter 11) Bankruptcy Trustee in the United States Bankruptcy Court for the Eastern District of Pennsylvania.
Lee is both an advocate and a problem solver. In most cases, she enters a situation in which something less than desirable has occurred—a borrower has defaulted on a loan, a bankruptcy petition has been filed, or some other event has transpired which makes the financial outcome (for all involved) problematic. Her goal, if representing a secured creditor, is to maximize the creditor’s recovery in as efficient a manner as possible without becoming immersed in prolonged and costly proceedings. If representing another party, for example a purchaser of assets in a bankruptcy case, the goal is similar—the best result without unnecessary costs and acrimony—in other words utilizing both advocacy and problem solving.
Lee is fortunate in that her practice affords her the opportunity to negotiate agreements, draft transactional documents, prepare pleadings, appear in court in trials and motion practice, and recover and liquate collateral—a true variety of legal endeavors. The debtor/creditor bar is smaller than that of other practice areas; they are a collegial group that encounters each other on multiple occasions, and Lee is proud to have participated, along with her debtor-creditor bar colleagues, in many educational and community activities.
Frequent speaker at seminars for financial services professionals and attorneys regarding loan work-outs, bankruptcy, collections and real estate law
Lawdragon 500 Leading U.S. Bankruptcy and Restructuring Lawyers (2020)
Best Lawyers in America—Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2021, 2022, 2023, and 2024)
Supreme Court of Pennsylvania
United States District Court for the Eastern District of Pennsylvania
United States Court of Appeals for the Third Circuit
Pennsylvania
Philadelphia Chapter, International Women’s Insolvency and Restructuring Confederation (IWIRC), Board Member
Turnaround Management Association, Board Member
Eastern District of Pennsylvania Bankruptcy Conference, Board Member
University of Pennsylvania Law School, J.D.
La Salle University, B.A. in Political Science, maxima cum laude
Subchapter V (of Chapter 11) Bankruptcy Trustee, United States Bankruptcy Court for the Eastern District of Pennsylvania