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

Jun
17
John Nitz, a founding member of O’Reilly Rancilio P.C. and a lifelong Macomb County resident, was recently named to the Michigan Lawyers Weekly Hall of Fame Class… Read More
Apr
17
Congratulations to O’Reilly Rancilio attorney Sharon DeWaele-Persichini, who was appointed Richmond Township attorney by the Board of Trustees at the April 7, 2020… Read More
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Blog

Jul
1
The U.S. House & Senate Senate passed an extension of the Paycheck Protection Program (PPP), giving small business owners an additional five weeks to apply for a… Read More
Jun
22
Last week the Small Business Administration (SBA) released significant guidance governing the forgiveness of Paycheck Protection Program (PPP) loans, and the release… Read More
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