Workout & Default Resolution
Our Workout & Default Resolution group represents banks, loan servicers and other creditors in connection with distressed and defaulted commercial loans. We provide guidance from the moment the lender has concerns about the loan. We provide a full range of services, including default notices, workouts, modifications, forbearance agreements, collateral realizations (including foreclosures), bankruptcy and lawsuits against borrowers and guarantors.
We handle all types of commercial loans, including real estate loans and C&I loans.
We provide guidance from the moment the lender has concerns about the loan. Ideally, we help the lender workout the loan and facilitate a payoff by the borrower. However, if necessary, we can guide the lender through to the sale of the collateral to a third party, and the payment by the borrower and guarantor of the deficiency judgment.
The team includes skilled and experienced transactional attorneys, bankruptcy attorneys, and litigation attorneys.