Financial Institution Representation on Troubled Loans. Dykema attorneys work closely with our clients to understand their business goals. We use that knowledge to develop comprehensive strategies designed to achieve those goals in a cost effective manner. We take pride in moving quickly and efficiently to assist financial institutions in addressing their needs with respect to borrowers facing financial difficulty and the vast array of issues that lenders in such situations may face. Our services range from negotiating in or out-of-court work-outs, refinancing of existing troubled loans to aggressive litigation when advisable to best achieve the client’s goals. We have appeared in numerous Federal Courts throughout the United States in representing financial institutions and other parties with respect to proceedings involving financially troubled companies.

Protection of Bank Assets. Often, troubled loans proceed into Chapter 11 bankruptcy cases. We provide many of our most valuable services to financial institutions facing the need to respond quickly to the numerous issues that arise in troubled company situations including, protection of cash collateral, valuation, disposition of assets and dealing with counsel for the disparate set of interests that may be involved in such situations. The most important service we provide is listening to our client and understanding its goals.

Debtor in Possession or Exit Financing and Troubled Company Acquisition Financing. We recognize that one financial institution may consider a borrower a burden, while another lender may see the same party as a Phoenix. We have experience in assisting lenders and investment companies seeking to achieve business benefits in supporting such companies through, among other things, refinancing, Debtor-in-possession or exit financing and financing of troubled company acquisitions. Often there are numerous parties and interests involved including existing and competing lenders, the borrower and creditors. We understand the dynamics of such situations and have experience in assisting the client to work efficiently through the challenges that multi-interested party matters raise to achieve the client’s goal.

Coordination of Multi-Disciplinary Expertise. Often lending situations involving troubled companies involves a vast array of legal issues involving multiple areas of law which may include, but not be limited to, environmental, intellectual property, tax, real estate and pension benefits. Our attorneys knows when and how to draw upon the expertise of specialists in other practice areas of law when necessary and to coordinate complex lending situations efficiently.

For more information about our Troubled Loans and Workout practice, please contact:
Sheryl Toby, 313-568-5407