BankNewswatch

Commercial Loan Defaults: Waivers, Workouts and Amendments

Thursday, April 13th, 2023 1:30 pm - 3:30 pm CDT

A BankWebinars.com Program

Click Here to register for live program $279

Click Here to register for live program and recording $419

In the current economic environment, commercial loan defaults are expected to accelerate. When a default exists, your bank may agree to a renewal, extension, or significant modification to the loan, as the solution. This program will cover guidelines for the Bank in a workout situation, including the documentation to consider before, during, and after negotiations take place with borrowers and guarantors. Assessing lien positions and likely recoveries in bankruptcy and in the absence of a workout will also be discussed. Practical information for daily use will be provided.


What You'll Learn

  • Defaults Prior to and at Maturity
  • Acceleration of Debt
  • Guidelines for Workout Negotiations
  • Workout Due Diligence Checklist
  • Assessing Your Lien Position and Likely Recovery Absent a Workout
  • Subordination and Intercreditor Agreements
  • Lender Liability Issues
  • Temporary Waivers and Amendments
  • Documenting Renewals, Modification and Extensions
  • Pre-Workout Agreements
  • Workout Agreements, Loan Restructuring Agreements and Forbearance Agreements
  • Effect of Section 4013 of the Stimulus Package on Loan Modifications
  • Tax Issues and COD Income
  • The Basic Business Bankruptcy Framework: Chapter 7 and Chapter 11
  • The Small Business Reorganization Act of 2019 and New Temporary Increased Debt Limits

 

Faculty

Robin Russell

Robin Russell has practiced law for 35 years and is licensed in Texas, New York, and Massachusetts, and has extensive experience in the energy sector, having been named to Oil and Gas Investor's 25 Influential Women in Energy in 2019. She is a fellow in the American College of Bankruptcy and of the American Law Institute. She combines a depth of experience in bankruptcy restructuring and litigation with financial transactions