| Nothing is more devastating to any business owner than to see decades of hard work and success almost destroyed by unforeseeable sets of circumstances, such as exist in the current economy. Kumar, Prabhu, Patel & Banerjee renegotiated loans and allowed my company start climbing back... and all the while, the respect and understanding I received was greatly appreciated. — Large commercial real estate developer |
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Loan workout is the technical term for the process by which a distressed borrower and its lender together work out a solution to address a borrower's existing or potential default on its loan obligations. The default might be because of the borrower's failure to make payments of principal, interest, property taxes or insurance, or because the borrower acts in a manner that is defined as an event of default under the loan documents. At Kumar, Prabhu, Patel & Banerjee, we offer not just an empathetic ear, but a solid set of actions to help developers, investors, institutional lenders, and individuals build back from these debilitating circumstances.
In particular, our services include the following:
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Assessing business and legal options to relieve, remove, or reduce losses |
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Discovering potential actions and options for turning around the cashflow and revenue issues |
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Assisting the borrower in fully understanding a loan’s default-related terms and conditions BEFORE contacting the lender |
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Working with the borrower, the borrower’s accountant and the lender to find a solution that addresses the existing or potential loan default |
In addition to our legal experience, our attorneys hold a variety of business degrees, and many have strong business management experience prior to their legal careers. We are highly skilled in international and cross-border commercial real estate transactions. |
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| Contact Us |
If you have questions regarding loan workout issues, call the law firm of Kumar, Prabhu, Patel & Banerjee, LLC, for one-on-one creative, individualized legal solutions. We are available to you regardless of your location in the U.S., South Asia, or Korea or other parts of the world. Kumar, Prabhu, Patel & Banerjee's loan workout attorneys:
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