Reorganizations and workouts
Economic change causes more and more loans to default or to be subject to the risk of default. Whether a lender, borrower or other involved party, our clients need to assess and protect their positions. They may need to restructure loan terms, obtain security, develop vendor strategies or plan an exit strategy. Loan workouts are not one size fits all — they take creativity, perspective and perseverance. We help our clients identify and implement options that suit the unique circumstances of the situation.
Our services include:
- Composition/extension agreements
- Forbearance agreements
- Workout agreements
- Collateral surrender
- Deeds in lieu of foreclosure
- Intercreditor agreements
- Subordination agreements