Because Chapter 11 reorganization can be prohibitively expensive for borrowers, lenders frequently seek to negotiate either a loan restructuring or a forbearance agreement with a borrower. Davis Malm's financial restructuring and bankruptcy attorneys have extensive and diverse experience with these types of agreements on behalf of both borrowers and lenders. This dual expertise serves our clients on either side of the matter, as we often know what the lawyers for the other side expect, and can help our clients work efficiently and effectively toward a resolution that the other side will likely adopt. Further, where the lender has decided that it wishes to part ways with its borrower, the firm's attorneys have experience negotiating workout agreements between such lenders and borrowers to help transition the credit to another lender.

Representative Matters
  • Successfully negotiated a loan restructuring for a Vermont hotel owner by convincing the client's lending consortium that its valuation of the hotel was overstated by more than $8 million, and that it stood to lose even more value if hotel management was not compensated properly going forward.
  • Successfully negotiated a multimillion-dollar restructuring on behalf of a commercial bank that had loaned funds to an export/import company.
  • Successfully negotiated a multimillion-dollar loan restructuring for a retailer of cereal products.
  • Successfully negotiated a multimillion-dollar loan restructuring for a large manufacturer and distributor of picture frames and related products.
 

  • Attorneys