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

Sep
23
O’Reilly Rancilio attorney Scott Ruark was quoted on Fox 2 News on Sept. 22 for a story on a case involving a his client, a Wayne city employee, who was the allege… Read More
Aug
10
Linda McGrail, a shareholder with O’Reilly Rancilio P.C. in Sterling Heights, was recently selected as one of Michigan Lawyers Weekly “Women in the Law.” The a… Read More
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Blog

Sep
24
Did you know that certain business owners considering employee layoffs due to the COVID-19 pandemic (and most other reasons) may be required by law to give the affec… Read More
Sep
21
The Michigan Occupational Safety and Health Administration (MIOSHA) recently issued COVID-19 “general duty” citations to 19 businesses with violations for failin… Read More
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