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REPRESENTING COMMERCIAL LENDERS -
WORKOUTS
In representing commercial lenders in workout situations, we work hard to provide the important blend of experience in both litigation and in the substantive areas of bankruptcy, commercial and real estate law, which is often critical to success.
A client in a workout situation needs practical advice about non-litigation and litigation alternatives and prospects, and the effects of potential bankruptcy proceedings. At the same time, ready knowledge about secured creditors' remedies, and other substantive areas of bankruptcy, commercial and real estate law is of major importance, so that the client will have a firm basis to make the tough, realistic decisions often needed.
Workouts are difficult. They often involve multiple parties with conflicting interests facing hard choices. In those situations, experience is the key. A client needs an experienced lawyer - on the firing line - not supervising from a distance - ready to offer a creative approach and to push the client's interest in the tough negotiations that are common in a workout. That ultimately can make the difference between success and failure.
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