Banking, Bankruptcy & Creditor's Rights

Danna McKitrick's clients receive prompt and attentive representation in all aspects of loan documentation and insolvency law.

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.

Bankruptcy
Our Bankruptcy Law Team represents creditors, both secured and unsecured, and creditor committees, as well as debtors. We provide this representation both in formal bankruptcy cases or receiverships and private workouts. We also represent business clients who find it advantageous to purchase assets or sometimes entire companies out of bankruptcy. Our corporate and bankruptcy lawyers work together closely to seek the best possible results for our clients.

Tom DeWoskin, our Bankruptcy practice group leader, serves on the panel of Bankruptcy Trustees for the Eastern District of Missouri — a position he has held for over 20 years.

Workouts and Foreclosures
Our attorneys represent you in loan restructurings and workouts. We negotiate standstill and forbearance agreements for clients in high-risk situations, and are involved in all aspects of foreclosure and high-value commercial collection. We will aggressively seek to recover repayment for you.

For serious lending and bankruptcy representation, look no further than Danna McKitrick.

Tom DeWoskin
Michael McKitrick
Jenn Doering
James Heffner
Jeff Schmitt

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