Joel L. Perrell Jr. is a partner in Womble Bond Dickinson's Baltimore office and a finance and restructuring lawyer, as well as a litigator. He represents diverse business clients in all aspects of bankruptcy cases. He has actively participated in bankruptcy cases, insolvency proceedings, restructurings, and workouts throughout the United States and abroad involving cryptocurrency, retail, manufacturing, skilled nursing and healthcare, airline, telecommunication, hotel and hospitality, commercial real estate, insurance, and other commercial businesses.
Joel is one of few attorneys in the country who has developed a practice and team focused on all aspects of the business of insurance premium finance. This secured lending product enables a company to acquire insurance with borrowed funds. The insurance premium finance product touches upon a host of business participants. Through a team of lawyers, the firm advises a full range of participants operating in the insurance premium finance space, including premium finance companies and agencies, insureds and borrowers, agents and brokers, lenders and other capital sources for premium finance companies, and premium finance software providers. The firm advises clients on regulation and compliance, legislative and regulatory monitoring, operations, obtaining and renewing sources of capital, mergers and acquisitions and related due diligence, collateral enhancement, support and protection, fraud detection and related policies, and collection and enforcement of loans both in and out of court and in bankruptcy proceedings.
Joel acts as general counsel to the National Premium Finance Association (NPFA) and has provided counsel to other trade organizations both in the United States and abroad in matters of importance to the insurance premium finance industry.
His creditors’ rights experience includes significant commercial collection matters, Uniform Commercial Code Article 9 asset dispositions, and enforcing and executing judgments in multiple jurisdictions. Joel also counsels lenders in HUD-insured long-term care and senior housing throughout the United States, ranging from large-scale, multi-state portfolio transactions to single-asset deals in inter-creditor, restructuring, and other creditor rights issues.
Joel earned undergraduate degrees in International Business and German Language and Literature from the University of Maryland at College Park and his law degree with honors from the University of Maryland School of Law, where he served as an articles editor of the Maryland Law Review.