Michele Sabo Assayag

Partner

Orange County, Portland, Seattle

Services

Biography

Michele Sabo Assayag practices in the areas of commercial finance, creditors’ rights and bankruptcy litigation, and restructuring, where she has had extensive experience in the representation of secured and unsecured lenders. She has litigated in the state, federal, and bankruptcy courts on behalf of domestic, foreign, and international lending institutions, as well as on behalf of non-bank lenders and Fortune 500 companies. A substantial portion of Michele’s practice encompasses, on behalf of her financial institution clients, the documentation of commercial, real estate, and asset-based lending transactions. She has also represented the firm’s clients in the acquisition and disposition of major real estate assets, including retail centers, apartment buildings, and business parks.

Credentials

Bar Admissions

California
Oregon
Washington

Court Admissions

United States District Court, All Districts of California
United States District Court, District of Oregon
United States District Court, Western District of Washington

Education

Loyola Law School (J.D.)
University of California, Los Angeles (B.A., Political Science, magna cum laude)

Experience

Awards & Recognition

Women in Business Awards Nominee, Orange County Business Journal (2024)
Snell & Wilmer Community Involvement Award (2024)
Orange County Inspirational Women Awards Nominee, Los Angeles Times B2B Publishing (2023)
2022 Orange County Visionary, TimesOC B2B Publishing (2022)
2022 Women in Business Awards Nominee, Orange County Business Journal (2022)
Southern California Super Lawyers^®, Bankruptcy: Business (2013-2016, 2019-2020)
Los Angeles Magazine Top Women Lawyers in Southern California (2015)

Representative Experience

Represented secured lender in negotiation and documentation of multi-million-dollar credit facility to major computer components manufacturer and distributor
Represented secured lender in negotiation and documentation of real estate loans and operating lines of credit to major regional grocery chain
Represented secured lender in negotiation and documentation of aircraft acquisition loans
Represented secured lender in negotiation and documentation of shopping center ground lease financing
Represented secured lender in liquidation and disposition of assets of restaurant chain
Represented secured lender in sale of assets through Chapter 11 bankruptcy proceeding of multi-national technology company
Represented secured lender in restructure of multiple real estate loans and lines of credit to national distributor of masonry products

Previous Professional Experience

Assayag Mauss, LLP, Managing Partner (1996-2019)
Paul Hastings Janofsky & Walker, Of Counsel (1994-1996)
Frandzel & Share, Partner (1990-1994)
Frandzel & Share, Associate (1983-1990)

Professional Memberships and Activities

California Minority Counsel Program, Member (2018-Present)
Orange County Bar Association (1994-Present)
- Commercial Law Section, Former Program Chair (2004-2005)
- Bankruptcy Section, Former Section Chair (2003-2004)
- Banking and Lending Section, Member
Orange County Bankruptcy Forum (1994-Present)
Federal Bar Association (1985-Present)
American Bankruptcy Forum (1984-Present)
California Bankruptcy Forum (1984-Present)
Financial Lawyers Conference (1983-Present)

Community Involvement

Laura’s House, Board of Directors (2023-Present)
Orange County Boys and Girls Club, Program Volunteer (2019-Present)
Orange County PAWS Pet Assisted Therapy – PANDA Program of Orange County District Attorneys’ Office, Program Supporter (2019-Present)
Chapman Law School, Student Mentor (2016-2018)
Orangewood Children’s Home, Program Supporter (2014-Present)
Oregon Women Lawyers, Member (2011-Present)
Commercial Real Estate Women of Portland, Member (2011-Present)
California Women Lawyers, Member (2010-Present)
Orange County Women Lawyers, Member (1995-Present)

Representative Presentations and Publications

“Recently Enacted California Assembly Bill 2424 and Its Impact on Non-Judicial Foreclosure Procedures,” Co-Author, Snell & Wilmer Legal Alert (December 3, 2024)
“Kirschner v. JP Morgan – Second Circuit Decision,” Co-Author, Snell & Wilmer Legal Alert (September 12, 2023)
“California Supreme Court Refuses To Hear Default Interest Case,” Co-Author, Snell & Wilmer Legal Alert (January 5, 2023)
“Selected Issues in Real Estate and Commercial Lending Transactions,” Co-Presenter, Lending Group for a Major Banking Institution (September 12, 2022)
“The Secure Notarization Act Is Reintroduced in the U.S. Senate Seeking a National Standard for Remote Online Notarization,” Co-Author, Snell & Wilmer Legal Alert (May 21, 2021)
“Debt Limit Increase of Subchapter V of Chapter 11 of Bankruptcy Code Extended,” Co-Author, Snell & Wilmer Legal Alert (April 5, 2021)
“Real Estate Trends in Retail and Hospitality Sectors,” Panelist, California Receiver Forum (March 30, 2021)
“California Amends, Increases Its Homestead Exemption,” Co-Author, Snell & Wilmer Legal Alert (October 23, 2020)
“Special Assets Team Training Part 3: One Action Rule,” Co-Presenter, Special Assets Group for a Major Banking Institution (September 23, 2020)
“Special Assets Team Training Part 2: Title Issues,” Co-Presenter, Special Assets Group for a Major Banking Institution (September 17, 2020)
“Special Assets Team Training Part I: Pre-Judgment Remedies,” Co-Presenter, Special Assets Group for a Major Banking Institution (September 15, 2020)
“Moratorium on Foreclosures Extended Through December 31, 2020, While Oregon Bankers Association and Several Oregon Banks Seek to Have Portions of HB 4204 Declared Unconstitutional,” Co-Author, Snell & Wilmer Legal Alert (September 15, 2020)
“California Enacts Legislation Preventing Residential Evictions and Granting Protection From Foreclosure as a Result of Hardship Due to COVID-19,” Co-Author, Snell & Wilmer Legal Alert (September 2, 2020)
“New Oregon Law Imposes Moratorium on Foreclosures and Notice Requirements on Lenders,” Co-Author, Snell & Wilmer Legal Alert (July 20, 2020)
“Bankruptcy Overview Presentation,” Co-Presenter, Special Assets Group for a Major Banking Institution (March 10, 2020)
“California One-Action Rule,” “Anti-Deficiency and Sham Guaranty,” Presenter, Commercial and Business Banking Groups for a Major Banking Institution (October 2019, October 2018, March 2017)
“California, Oregon and Washington Creditor’s Rights,” Presenter, Legal Department of Major Banking Institution (September 2019)
“Commercial Lending Seminar,” Presenter, Regional Banking Institution (February 2019)
“Selected Issues in California Real Estate Lending,” Presenter, Legal Department of Major Banking Institution (November 2018)
“Creditor’s Rights and Remedies,” Presenter, Regional Banking Institution (March 2018)
“Oregon and Washington Creditor’s Rights and Loan Enforcement,” Presenter, Regional Banking Institution (April 2015)

Publications

Oregon Legislature Imposes New Foreclosure Moratorium Which May Be Extended Through December 31, 2021, But Most Commercial Properties Are Not Affected

May 21, 2021

Legal Alerts

The Secure Notarization Act Is Reintroduced in the U.S. Senate Seeking a National Standard for Remote Online Notarization

Firm News

Snell & Wilmer Partners Michele Sabo Assayag and Deborah Gubernick Selected As Nominees for Orange County Inspirational Women Awards by Los Angeles Times B2B Publishing

Feb 01, 2023

Snell & Wilmer Partner Michele Sabo Assayag Appointed to Laura’s House Board of Directors

Oct 03, 2022