Press Release


Larry Young of Hughes Watters Askanase
To Speak at National Auto Financing Association's
Annual Conference on June 6

HOUSTON (June 3, 2008) -Lawrence "Larry" Young, a partner with Hughes Watters Askanase L.L.P. (HWA), will speak on Loss Mitigation - Pitfalls to Avoid, with emphasis on Bankruptcy Court scrutiny of lenders and as part of a panel for the National Automotive Finance (NAF) Association's 12th Annual Non-Prime Auto Financing Conference in Fort Worth, Texas, on June 6.  The conference will be held June 4-6. For more information or to register for the conference, please visit http://www.nafassociation.com/events.html.

Young was chosen as a panelist because of his expertise in this area. He also is a member of NAF Association's legal committee. Other panelists joining Young are Brian Becker, Joshua Cox, and Mark Edelman.  Serving as moderator is Eric Johnson, the current chairman of the NAF Legal Committee.  

"This is the current, hot topic in the non prime lending industry. Although most of the pending cases involve subprime mortgage lenders, the current cases will make law that will apply to auto finance lenders or any secured lenders where rampant securitization and attendant documentation and loss mitigation issues are brought to the fore," Young commented. "Accordingly, auto finance lenders need to get a jump on these issues and address them before they too find themselves in the soup."  

Young, who joined HWA in 1994, has focused his practice on consumer financial services, bankruptcy law for creditors, commercial finance and consumer financial services litigation. He is a fellow of both the American College of Consumer Financial Services Lawyers and the American College of Commercial Finance Lawyers. Young speaks frequently at industry and professional conferences and also has written and published numerous articles and papers. For a full biographical profile on Larry Young, please visit http://www.hwa.com/.

About Hughes Watters Askanase

For more than 30 years, Hughes Watters Askanase L.L.P. has helped business organizations, financial institutions and individuals succeed with their business endeavors. The firm's attorneys play a strategic role and support clients through every stage of existence and operation, from formation to liquidation. The practice focuses on the six interrelated areas which provide the greatest opportunities and most challenging obstacles: business bankruptcy, business planning and strategy, default servicing, real estate and finance, consumer financial services, and commercial litigation. For more information on Hughes Watters Askanase L.L.P., please visit http://www.hwa.com/


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