- J.D. - University of Virginia, Charlottesville, VA
- B.S. Business Administration - State University of New York, Buffalo, New York
- All Federal Courts in California
- Ninth Circuit Court of Appeals
Gary Torrell is a partner in Hooper, Lundy & Bookman's Business Department and Co-Chair of the Health Care Financial Restructuring Practice Group. He has over 30 years of legal and business experience with a focus on business and finance, real estate, and creditors' rights. Mr. Torrell has a tradition of providing clients sophisticated business and legal advice coupled with a reasonable fee structure to provide exceptional value. He is both a transactional lawyer and a litigator, which makes his clients feel protected and prepared for virtually any circumstance.
Mr. Torrell spent the first half of his legal career working at national law firms, where he handled creditors' rights and bankruptcy cases as well as real estate and lending transactions. He has appeared in bankruptcy courts across the country, and handled other matters including loan workouts, new loans and all types of real estate transactions. Mr. Torrell has also worked as in-house counsel for three companies: as Senior Counsel at City National Bank; Chief Legal Officer at Downey Savings (a $16 billion, publicly-held, 2,500 employee, 200-branch bank); and General Counsel to a privately-held $1 billion national real estate company. Prior to joining Hooper, Lundy & Bookman, he was head of the Business and Finance, Real Estate and Creditors’ Rights practice areas at his prior law firm. Mr. Torrell also represents clients in other insolvency-related litigation in state and federal court including assignments for the benefit of creditors, receivership matters, judicial foreclosure actions and other kinds of litigation.
Mr. Torrell has five published decisions; four representing creditors and one representing a famous entertainer in bankruptcy.
- Represented group of shareholders/creditors in connection with chapter 11 bankruptcy of waterpark facility; major law firm represented the debtor. Defeated claim objections filed by another creditor and facilitated debtor’s successful plan confirmation.
- Represented major shareholder and CEO of home improvement retailer in connection with retailer’s chapter 11 case.
- Represented the buyer of two operating hospitals in Los Angeles in a Section 363 bankruptcy sale as part of the Promise Healthcare chapter 11 case in Wilmington, Delaware.
- Successfully defended payroll service company against preference recovery complaint filed in chapter 11 case in Delaware. Creditors’ committee sought over $300,000; negotiated a settlement to pay less than 6% of the amount demanded.
- Successfully defended preference and fraudulent conveyance claims made by creditors’ committee and asserted secured claims of former hospital management company in chapter 11 case of a hospital, filed in California. The matters were settled on favorable terms including full payment of client’s reduced secured claim and no liability for preference or fraudulent conveyance claims.
Honors & Awards
- A-V Rated (highest rating by Martindale-Hubbell)
Presentations & Speaking Engagements
- The Latest in Financial Stabilization and Recovery Options for Hospitals and Health Care Businesses Post-COVIDWebinar, January 26, 2021
- October 22, 2020
- April 16, 2020
- June 17, 2022
- Can you Force a Delinquent Health Care Tenant Into Bankruptcy In the Midst of a Pandemic? Should You?October 8, 2020
- August 20, 2020
- May 14, 2020
- April 17, 2020
- April 7, 2020
- August 19, 2019
- January 18, 2018
- January 5, 2018Los Angeles Lawyer
- September 1, 2017
- December 13, 2016
Health Law Perspectives
- August 27, 2019
- Financial Stabilization and Recovery for Rural and Safety Net Hospitals Post-COVID—New Developments and OptionsAmerical Health Law Association , September 22, 2021