Commercial Loan Recovery

Our Commercial Loan Recovery Group utilizes an inter-disciplinary approach to achieve for our clients the greatest recoveries possible on non-performing commercial loans and lease financing arrangements. We believe it is important to utilize the collective talents of our transactional, litigation and insolvency attorneys in advising and assisting our clients in default situations, as loan workouts can take a variety of paths. Our team includes attorneys and paralegals with years of experience representing lenders and lessors regarding:

• Restructures or Modifications of loans
  
  
• Forbearance agreements
  
  
• Secured party sales
  
  
• Foreclosures
  
  
• Representing creditors in receivership and bankruptcy proceedings
  
  
• Instituting litigation against borrowers and guarantors (including obtaining pre-judgment attachments to prevent dissipation of assets and ensure collectability of judgments)
  
  
• Obtaining money judgments and collecting them through various post-judgment remedies (including seizures of real property, boats and other personal property, garnishments of bank accounts, investment accounts and other assets, levies and other judicial proceedings in aid of execution)
  
  
• Loan sales
  

This Group’s experience enables it to provide strategic advice and representation to lenders and lessors from the moment of default, through the date the obligation is resolved, however that may occur. Our team is also familiar with the unique issues that interest-rate swap agreements can create in recovery efforts, particularly with regard to multi-facility relationships.