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

Dec
5
The firm is pleased to announce that Sharon DeWaele-Persichini, a Shareholder of the firm, has been appointed as City Attorney for the City of Harper Woods.  Sharon… Read More
Dec
5
The firm is pleased to announce that Brian C. Grant has become a Shareholder of the firm effective December 1, 2018.  Brian joined the firm as an Associate in 2017… Read More
Read More From Our Press Room

Blog

Dec
5
By Eric C. Turnbull On November 6, 2018, the State of Michigan voted “Yes” to Proposal 1 and authorized adult recreational marijuana statewide. The law will b… Read More
Sep
21
By Eric C. Turnbull If you paid any attention to this over the summer, the U.S. Supreme Court issued an opinion that cleared away a long-standing federal ban on s… Read More
Read More From Our Blog