Workouts & Restructures
At Schweet Linde & Coulson, PLLC, experience has taught us that in many cases a consensual workout, forbearance or modification agreement can be more advantageous than the commencement or continuation of legal action. This is typically the case when there are factual disputes regarding the loan, the perfection of security, or the possibility of lender liability claims. A workout may also be preferable when the lender is not equipped or prepared to repossess and liquidate the collateral, or where a workout arrangement would avoid a Chapter 11 bankruptcy. Consensual workouts and restructures provide certainty, closure, and often significant savings in legal costs. As such, workouts and restructures should be explored whenever possible.
Our attorneys are broadly experienced in negotiating, drafting and finalizing workout and restructure agreements and any related documents.