Financial Institutions

Danna McKitrick’s lawyers are experienced in working with financial institutions of all sizes. We provide uncommonly prompt response and sound counsel to meet lenders’ needs. Our goal is to facilitate your effort to provide excellent customer service without unnecessary cost or risk.

While you focus on serving your customers, meeting regulatory requirements, addressing concerns over check fraud and identity theft, and running your business, we can help you alleviate another constant, core concern of lenders: limiting risk and potential disputes.

Loan Documentation
To improve the likelihood of repayment right from the start, we analyze proposed business transactions, such as purchases, sales or financing, for potential bankruptcy issues. We evaluate the collateralization of loans to determine whether it will be accessible in the event of default.

Many lenders use software to provide documentation for notes, but these won’t adequately address intricacies that could affect your ability to enforce repayment. It is important that you seek counsel when certain red-flags are raised.

Some potential red-flags:

  • Loan exceeds a certain amount
  • Construction financing (or whenever the collateral isn’t “there” yet)
  • Borrower is out-of-state
  • Collateral is out-of-state

Once loans are established, monitoring them is imperative. A decline in the performance of borrowers can indicate a need to renegotiate terms. Establishing the right to conduct this sort of renegotiation prior to making the loan is optimal, but we may still be able to help if that wasn’t initially done. We also help with pre-bankruptcy audits when it looks like bankruptcy is imminent.

In transactions which become unstable or show signs of increased risk, our team of Bankruptcy and Creditor's Rights lawyers are capable and experienced in analyzing collateral files, negotiating workouts, restructuring and, if necessary, initiating recoveries, as well.

Rely on Danna McKitrick to help you protect your interests.