Richard A. Sheils, Jr.

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Partner
Rick Sheils concentrates his practice in creditors’ rights, commercial finance, and banking law. His experiences in documenting commercial loans and in workouts has given him a depth of knowledge in real estate law, construction law, environmental issues, and the Uniform Commercial Code. He regularly appears in the federal and state courts and before municipal boards.
 
Among his professional experiences, Rick has:
 
  • represented institutional lenders in financing transactions involving renewable energy (solar photovoltaic), floor plan financings, asset-based loans, syndicated loans, bond transactions involving secondary schools, and investment tax credit financings;
  • represented regional financial institutions and community banks and credit unions alike in commercial loan workouts involving real estate subdivisions; debt sales; liquidation of manufacturing plants; public and private secured party sales of tangible and intangible assets;
  • counselled clients in the sale and purchase of solar energy; documented intercreditor agreements, SREC escrow agreements, ground leases, EPC contracts, and other agreements pertaining to solar energy projects; and structured multi-borrower/multi-state investment tax credit solar energy financings;
  • served as counsel to the landlord in the Chapter 11 bankruptcy proceedings of Kmart Corporation, Dehon, Inc. (Arthur D. Little, Inc.), and Frugal Fannie’s; represented creditors committees, secured creditors, licensors and other constituencies in bankruptcy cases; and successfully confirmed a competing Chapter 11 Plan of Reorganization.

Rick is listed in The Best Lawyers in America and has been a partner in the firm since 1990. He is a co-author of Massachusetts Secured Transactions under Revised Article 9 of the Uniform Commercial Code: Forms and Practice Manual (2002).  

Recognition

  • Best Lawyers in America, (1990 - present)
  • Massachusetts Super Lawyers
  • Corporate Counsel Top Lawyer

Admitted to Practice: 

Massachusetts
United States District Court for the District of Massachusetts
First Circuit Court of Appeals

Background: 

Rick clerked during law school for Hon. John M. Meagher, Montgomery County (Ohio), Court of Common Pleas (1979-1981), and served as Associate Casenote Editor for The University of Dayton Law Review. Rick has participated in MCLE presentations on Article 9 of the Uniform Commerical Code and Mortgage Foreclosures.

Professional/Community Affiliations: 

  • Former Chairman of the Board of Directors, American Red Cross of Central Massachusetts
  • Former Chairman, Town of Holden Planning Board
  • Corporator, Millbury Savings Bank
  • Trustee and Corporator, Goddard/Homestead, Inc.
  • Corporator, Worcester Children’s Friend, Inc.
  • Former Trustee and Board President, Dynamy of Worcester, Inc.
  • Former Chair, Commercial and Corporate Law Section, Worcester County Bar Association