Loan Modifications and Workouts

Overview

At Smith Debnam, our experienced team is dedicated to assisting a wide range of clients with Loan Modifications and Workouts as part of our Creditors’ Rights Practice group. Our clients include National, Regional, and Community Banks, Credit Unions, Mortgage Servicers, Auto and Equipment Finance Companies, Agrifinance Lenders, General Contractors, Subcontractors, and Building Suppliers, Technology and Software Companies, Equipment Lessors, Institutional Lenders, Commercial Landlords, Alternative Finance Companies, and Factors.

Our Services:

1. Workouts and Loan Restructuring: We understand that financial challenges can arise, affecting the performance of loans. Our team is skilled in developing effective workout strategies and loan restructuring plans that meet the unique needs of each client. Whether you require a temporary payment adjustment, an extended loan term, or a complete restructuring of your credit arrangements, we are here to guide you through the process.
2. Default Notices: When borrowers fail to meet their obligations, it is crucial to provide them with timely default notices. Our team will assist you in preparing and delivering comprehensive default notices that comply with legal requirements, ensuring a smooth transition into the next steps of the loan modification or workout process.
3. Accelerate and Enforce Loan Documents: We have extensive experience representing lenders in both state court and bankruptcy court proceedings. Our skilled attorneys will aggressively advocate for your interests, accelerating and enforcing loan documents to protect your rights and recover outstanding debts efficiently.
4. Pursue Guarantors of Commercial Secured & Unsecured Loans: In cases where guarantors are involved, we will work diligently to pursue them and hold them accountable for their obligations. Our team will conduct thorough investigations and employ effective legal strategies to maximize the recovery of outstanding amounts.
5. Negotiate Modification and Restructuring of Credit Arrangements: Our attorneys are highly proficient in negotiating favorable modifications and restructuring of credit arrangements. We will leverage our proficiency to achieve solutions that balance the interests of both lenders and borrowers, helping to preserve the value of your loan portfolio.
6. Loan Forbearance, Restructuring, and Extension Agreements: We have extensive experience negotiating and documenting loan forbearance, restructuring, and extension agreements. Whether you need to temporarily suspend loan payments, modify existing terms, or extend repayment periods, we will create comprehensive and legally sound agreements that protect your interests.
7. Administration of Acquisition & Sale of Financially Troubled Entities: If you are considering acquiring or selling financially troubled entities, our team will guide you through the complex legal aspects of the transaction. We will ensure that all necessary due diligence is performed, and all relevant documentation is prepared accurately and efficiently.

At Smith Debnam, we are committed to providing personalized and effective legal representation tailored to your specific needs. With our extensive knowledge and experience, we have successfully assisted numerous clients in navigating the complexities of loan modifications, workouts, and bankruptcy proceedings.