Loan Restructuring, Workouts and Collections

Recognizing some deals unfortunately turn sour, Anastasi Jellum devotes a portion of our practice to helping financial institutions maximize recovery from troubled loans. Unlike other law firms, we take a common sense approach to seeking resolution by engaging the borrower in direct dialogue in an attempt to structure a repayment plan that is both realistic for the borrower and satisfactory to the lender.

There are times when bankruptcy becomes a major component of the loan workout structure. In these instances, our attorneys are skilled in the area of creditor bankruptcy rights, including preferential transfer matters, fraudulent conveyances, reaffirmation agreements, and obtaining relief from the automatic stay. We also assist clients with extracting property out of bankruptcy estate.

In addition, we have successfully utilized the following workout agreements to a client’s advantage:

  • Forbearance agreements
  • Voluntary relinquishment agreements
  • Confessions of judgment
  • Deed in lieu of foreclosure agreements
  • Voluntary receivership agreements
  • Keep Well agreements
  • SBA offer in compromise agreements

Loan Restructuring, Workouts and Collections

Joshua D. Christensen

Lindsay W. Cremona

Nick C. Jellum

James T. Keig

Loan Restructuring, Workouts and Collections

Anastasi Jellum is proud to be a member of the following banking, lending and credit organizations:

Minnesota

Wisconsin

National