Prompt documentation of a forbearance arrangement, loan restructure or other modification agreement is crucial to protecting your rights as a creditor. Our attorneys are experienced in negotiating and documenting these consensual loan workout agreements, taking into account the risks that may occur if you are later required to proceed with enforcement actions or to protect your rights in a borrower’s bankruptcy filing.
We have represented banks and other financial institutions, hard-money lenders, landlords, and other lender clients with outstanding obligations to diverse borrowers in the real estate, agricultural and farming businesses, as well as retail, manufacturing, and other varied borrower industries. As part of this process, we will discuss your goals and identify potential courses of action and asses the benefits and risks associated with each. We then assist in negotiations and preparation of the necessary documents to implement the adopted strategy.
Ready, Responsive, Efficient:
The attorneys practicing in loan workouts have considerable experience in achieving a documented business resolution outside of litigation. Our expertise further reduces the expenditure of costs by paving the way towards a solution to a troubled account.