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

Jul
30
The Oakland County Legal News recognized O’Reilly Rancilio summer law clerk Dean Michel in their July 29, 2019 edition.  The article, titled “Litigation Vocatio… Read More
May
18
On May 15, 2019, O’Reilly Rancilio was honored at the Sterling Edge Awards as Legacy Partner of the Year for its long-standing relationship with the City of St… Read More
Read More From Our Press Room

Blog

Aug
20
O’Reilly Rancilio attorneys Marc Kaszubski and Nathan Petrusak successfully defended the City of Sterling Heights in a federal court challenge involving the Open M… Read More
Aug
13
The Macomb County Friend of the Court (FOC) released significant revisions to its Parenting Time Guidelines earlier this year. These changes may have an affect on m… Read More
Read More From Our Blog