Overview
For out-of-court restructurings and workouts, we find solutions that work in the renegotiation of bank loans and covenants, revision of debt instruments, workout of payment plans with vendors, restructuring and “right sizing” initiatives and business combinations and investment. These opportunities sometimes involve consents or waivers, a deed in lieu of foreclosure, a forbearance, tolling or standstill agreement, lease or partnership amendments, debt restructuring or an asset sale. Our Bankruptcy, Creditors’ Rights & Business Reorganizations team routinely advises clients on asset and debt restructuring, loan modifications, capital investments, out of court settlements, asset disposition strategies and corporate or partnership restructuring. Our transactions have involved commercial and industrial businesses as well as commercial, residential and mixed use real estate.
