Wurst of Ruskin Moscou Faltischek named chairman to NYIC board

According to Ruskin Moscou Faltischek, P.C., financial services attorney Jeffrey Wurst was elected chairman of the New York Institute of Credit (NYIC) by its board of directors. Wurst's term began on August 1 and runs for two years. Wurst previously served as vice chairman of the NYIC before assuming his new role as chairman. He has been active in the NYIC in a variety of capacities for more than 10 years. "I look forward to leading this long-established educational institution through the current challenging economic times," said Wurst. "My hope is to fully realize the agenda that has been established for the NYIC, which is to expand its role as a vital provider of educational programs to the financial services industry. My long-term vision for the Institute is to fully utilize its resources, which includes the countryÂ’s top bankers and financial executives, and partner with universities and business schools to bring practical experience to the theory now taught at traditional educational institutions," he said. Wurst is a partner at Ruskin Moscou Faltischek, where he is the chairman of the firm's Financial Services, Banking, & Bankruptcy Department. Wurst is well known for his expertise in asset-based lending, factoring and in all areas of commercial finance, bankruptcy matters, workouts and turnaround situations. He is actively involved in the documentation of commercial finance and leasing transactions. He is regularly called upon by secured lenders when their commercial borrowers seek protection under Chapter 11 of the Bankruptcy Code. He is also well versed in the representation of clients who are acquiring the assets or the stock of companies in bankruptcy and is often called upon to represent the interests of landlords in bankruptcy matters. In addition to his role with the New York Institute of Credit, Wurst is a past vice president of the International Turnaround Management Association; a member of the American Bar AssociationÂ’s Commercial Financial Services and Legal Opinions Committees; the American Bankruptcy Institute; the New York State Bar Association; the Board of Directors of the Association of Commercial Finance Attorneys; and the Long Island Chapter of the Turnaround Management AssociationÂ’s Board of Directors. For more than 40 years, Ruskin Moscou Faltischek, headquartered in Uniondale, has built a reputation as one of the region's leading providers of innovative legal services. Its attorneys are practical, experienced advocates who measure their success by their clients' success. Cornerstone groups in all major practice areas of the law are represented at the firm, including corporate & securities, financial services, commercial litigation, intellectual property, health care, real estate, employment, energy and trusts & estates. Clients include large and mid-sized corporations, privately held businesses, institutions and individuals. The New York Institute of Credit (NYIC) was founded in 1918 as the New York Chapter of the National Institute of Credit (NIC). In 1957 NYIC was granted an absolute charter as an educational corporation by the Board of Regents of the State of New York. As a non-profit organization, NYIC bridges the gap between business theory and business practice. The faculty of NYIC consists of educators who are primarily credit executives or prestigious, articulate accountants or lawyers who appreciate the value of a close alliance of the professions.