Commercial loans are failing at a staggering rate as businesses and developers struggle to weather tough economic conditions. The law firm of O'Reilly Rancilio can step in on behalf of banks and lending institutions to negotiate workouts for commercial loans in default. We offer risk analysis and restructuring of viable loans, as well as legal representation to collect from borrowers or reduce lenders' exposure when loans collapse.
Our firm represents community banks in the Detroit metro area and statewide, and many large regional lenders with respect to their commercial loans in Michigan.
O'Reilly Rancilio is routinely called upon by financial institutions to assist in negotiating arrangements between borrowers and lenders. We have extensive experience in restructuring terms of commercial loans and leases, including drafting of forbearance agreements that protect our clients' interests
Litigation of Loan Defaults
When a workout is not feasible or advisable, our creditors' rights attorneys can represent lenders in alternative resolutions, recovery of assets, and legal proceedings:
- Short sales
- Execution and enforcement of forbearance terms
- Lien priority disputes
- Bankruptcy (relief from stay, preference and priority)
Lender liability defense