Serving Southeast Michigan For Over 30 Years.

Bank Special Asset Recovery and Loan Workout

O'Reilly Rancilio provides cost-effective representation to bank and financial institution clients, working directly with their special asset and loan workout divisions to mitigate losses. Our Michigan attorneys have decades of experience in reviewing credit and documentation files for completeness, analyzing sources of repayment, and confirming the client's security positions.

Our lawyers understand that no two workouts are the same and that each matter warrants careful consideration in implementing a recovery strategy through loan modifications, forbearance agreements, litigation, adversary proceedings, and ultimately asset recovery. From inception, we work closely with the special asset officer to formulate comprehensive strategies to maximize recoveries for the bank and protect our client's interests in the real and personal property pledged as security for the indebtedness. Strategies include outcome based negotiations, forbearance agreements, litigation, judicial foreclosures, nonjudicial foreclosures, court-appointed receiverships, assignments for the benefit of creditors, trust mortgages, voluntary surrender agreements, note sales, Article 9 sales, liquor license transfers, and disposition of assets through private sales and public auctions.

We routinely represent secured creditors in bankruptcy proceedings, negotiating cash collateral orders, reviewing plans of reorganization, conducting 2004 exams, moving to lift the automatic stay, filing proofs of claim, and generally protecting the client's rights as a secured creditor.



Our bank special asset recovery and loan workout attorneys are:


Press Room

Mar
16
The municipal law attorneys at O'Reilly Rancilio have developed a team to respond to questions that local government officials may have during the COVID-19 crisis. Read More
Feb
21
Michigan Lawyers Weekly has named O’Reilly Rancilio attorney Marc Kaszubski to its Leaders in the Law Class of 2020. Kaszubski is one of only 30 honorees selected… Read More
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Blog

Apr
1
As every business has been affected by the Covid-19 crisis, you should seriously consider a loan through the federal government’s Paycheck Protection Program, whic… Read More
Mar
31
On March 27, the federal government passed the Coronavirus Aid, Relief, and Economic Security “CARES” Act which is meant to, among many other things, sup… Read More
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