Williams Mullen

Hosted by Risk Management Association - Hampton Roads Chapter

There is a wave of problem loans coming as business “reopens” throughout America. Join this virtual presentation providing strategies and information aimed at reducing lenders’ risks of a bad loan and providing tips for recognizing “red flags” of looming problems, mitigating risks when the loan goes into the ditch and achieving a successful workout or collection. The presentation will cover:

• necessary diligence and advice on initial steps and communication with obligors
• steps to decide whether to upgrade the credit or getting it out of the bank
• pre-negotiation letter agreements
• forbearance agreements
• pros and cons of forbearance versus workout
• bankruptcy awareness issues, including the potential impact of the CARES Act and the new Small Business Reorganization Act 

Webinar Panelists

Cartwright Rixey Reilly
Partner, Finance and Real Estate

C. Grigsby Scifres
Partner, Banking and Commercial Real Estate

Jennifer Mclain McLemore
Partner, Creditors' Rights and Bankruptcy