News & Analysis as of September 23, 2024

Loan Modifications › Commercial Bankruptcy

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Loan modifications are changes made to the terms of an existing loan outside the specifications contained in the original loan agreement. In a mortgage situation, loan modifications are typically made to assist borrowers in meeting their obligations and avoid foreclosure. Such mortgage loan modifications may include reduction of principal amount or interest rate, lengthening of loan term, and monthly payment caps. less -

10 Key Considerations for Commercial Real Estate Loan Restructurings: A Primer

Womble Bond Dickinson on 7/21/2020

The tragic and widespread effects of COVID-19 continue to unfold on a daily basis. The pandemic’s impact from both a public health and economic perspective has been literally unfathomable. For commercial real estate owners,...more

Distressed Debt and Workout Agreements During the COVID-19 Pandemic

White and Williams LLP on 4/3/2020

Creditors facing a cascade of distressed credit facilities resulting from the economic fall-out from the COVID-19 pandemic will need experienced counsel at all stages of workouts, from preliminary discussions through the...more

CARES Act Provisions Affecting Bankruptcy And Residential Mortgage Loans

Rosenberg Martin Greenberg LLP on 3/31/2020

The Coronavirus Aid, Relief and Economic Security Act (“CARES”) enacted on March 27, 2020 contains a number of provisions affecting bankruptcy cases, modification and enforcement of federally backed residential mortgage...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 3/18/2019

Fascinating weekend feature from the Journal exploring how Sears Roebuck went from the dominant force in American retailing to the bankrupt shell of a company that it is now—all within a period of just 40 years....more

Individual Chapter 11 Plans Also Are Just About Written in Stone

Ward and Smith, P.A. on 1/15/2018

In an article last year, we informed you about a ruling from the United States Bankruptcy Court for the Eastern District of North Carolina, in In re Royal, holding that debtors seeking modification of a confirmed Chapter 13...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 3/30/2017

A group of current and former Citizen Bank branch employees from five states has admitted to fabricating information about the results of the Bank’s much-touted “Citizens Checkup” program (in which real customers are invited...more

Handy List of Basic Issues to Consider for the Transactional Workout

BCLP on 2/3/2017

While significant energy here at the Bankruptcy Cave is devoted to substantive bankruptcy matters, not all aspects of a general insolvency practice are always fun and litigation. Oftentimes insolvency lawyers add the most...more

Government Contract: How Can a Subcontractor Get Paid?

Troutman Pepper on 11/4/2015

G4S Technology LLC v. US, 779 F.3d 1337 (Fed. Cir. 2015) – A subcontractor worked on construction of wireless broadband networks for rural communities that was funded in part by a loan to the prime contractor from a US...more

U.S. District Court Reaffirms Distressed Debt Funds Not Eligible Assignees under Loan Agreement

Pillsbury Winthrop Shaw Pittman LLP on 5/28/2014

A recent decision by the U.S. District Court for the Western District of Washington found that certain distressed debt funds were not “financial institutions” under the definition of “Eligible Assignee” in the applicable loan...more

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Loan Modifications › Commercial Bankruptcy

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