Richard L. Gemma
Banking and Commercial Transactions; Real Estate and Business Litigation; and Insolvency Law.
Rhode Island, 1988
United States District Court for the District of Rhode Island, 1989
United States Court of Appeals for the First Circuit, 2001
St. Anselm College, A.B., magna cum laude, 1985
Boston College Law School, J.D., cum laude, 1988, Law Review
University of Keele, Staffordshire, England
Rick has almost 30 years of experience dealing with financially distressed companies and has developed a substantial expertise in representing lenders in loan workouts, federal bankruptcies, state court receiverships and liquidations, including real estate mortgage foreclosures and secured party sales. He is experienced in dealing with a range of distressed businesses, including real estate (office, shopping center, industrial, hotels, motels), manufacturing, retail, auto dealers, marine related and professional service groups. He is qualified to serve as a receiver for insolvent businesses in the Superior Court for the State of Rhode Island and was selected to act as the Court appointed fiduciary to oversee three of the largest sales in the Court’s history, namely the Newport National Golf Course, the Providence Biltmore Hotel, and a 420 residential apartment unit/62 property portfolio in Rhode Island. Rick has served as the chairperson or co-chairperson of the RI Bar Association’s Committee on Debtors’ and Creditors’ Rights for more than 15 years from 2002 through 2018. Rick also represents clients in the acquisition and sale of the assets, shareholder and ownership disputes, and real property disputes. He has authored and lectured on bankruptcy reform, chapter 11 bankruptcies, state court receiverships, the purchase and sale of a business, and the valuation of a business. Rick is a perennial selection by his peers for inclusion in The Best Lawyers in America in the practice area of Bankruptcy and Creditor-Debtor Rights Law, and in Rhode Island Super Lawyers in the practice area of Bankruptcy and Creditor-Debtor Rights. Rick was recognized by Best Lawyers’ as the 2015 Providence Litigation-Bankruptcy “Lawyer of the Year”, and the 2018 Providence Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law Lawyer of the Year.