Sam J. “Mac” McAllester III is a founder and vice chairman of Bone McAllester Norton PLLC. For over 40 years, Mac has represented banks, financial institutions, and other lenders in the negotiation and structure of credit facilities secured by all forms of collateral and has prepared all necessary loan documentation. In addition, Mac represents his clients in the enforcement and collection of loans and realization against all types of collateral, including through workouts, restructures, bankruptcies, repossessions, and foreclosures. Mac says his goal is to fully protect the interest of his clients in the event of default and to completely recover his clients’ money.
Mac’s commercial lending practice involves negotiating, structuring, and documentation of all types and sizes of lending transactions and all types of collateral, including loans for business acquisition, real estate acquisition, development loans, construction loans, commercial and industrial loans and working capital facilities. His experience also includes the restructure, amendment, renewal, modification and consolidation of such loans. Mac’s real estate experience includes in-depth knowledge of real estate law and title underwriting. He currently serves as a licensed agent for two national title insurance companies.
Mac served as Chapter 7 Interim Trustee of the U.S. Bankruptcy Court of the Middle District of Tennessee and was a member of the Panel of Trustees of the U.S. Bankruptcy Court of Middle District of Tennessee for 17 years. Paired with his extensive representation of creditors, Mac is a leading attorney in his field. He regularly consults and represents clients on matters regarding insolvency, bankruptcy, preferences, fraudulent conveyances, and proof of claim issues.
Mac is a frequent speaker and panelist at seminars on commercial lending, loan documentation, real estate, secured transactions, and creditors’ rights for his clients and other professional groups and organizations.
Professional Recognition and Activities
- AV© Rating, Martindale-Hubbell
- The Best Lawyers in America©
- Best of the Bar, Bankruptcy Law, Nashville Business Journal
- Mid-South Super Lawyers
- Nashville Bar Association
- Tennessee Bar Association
- American Bar Association
- American College of Mortgage Attorneys
- Former Board of Regents
- Former Tennessee State Chair
- American Bankruptcy Institute
- Nashville Bar Foundation Fellow
- Nashville Area Habitat for Humanity
- Elected to Board beginning January 2018
- Finance Committee
- Nashville Area Habitat for Humanity: Advisory Board of Directors and Member of Finance Committee, 2012 – Present
Mac is third in a line of lawyers from Chattanooga, Tennessee. His father and grandfather were both lawyers, and his grandfather was at one time a Bankruptcy Referee in Chattanooga. Today, Mac resides in Brentwood with his wife, Renee. Together, they have four children, Andrew, Molly, Phillip and Stephanie, and nine grandchildren, Jack, Rhett, Clay, Sydney, Serenity, Beau, Jordan, Will and Mary Holland. Fortunately, all of the children and grandchildren live in the Williamson County area and are a great part of Mac’s life. Mac and Renee also have a residence in South Florida, where Mac enjoys the beach, boating, traveling to the Caribbean, blue saltwater and music from Margaritaville. During the fall, University of Tennessee football occupies a large portion of Mac’s free time. He also finds time to enjoy the Tennessee Titans and the many seasonal sports and school activities in which his grandchildren are involved.