Dealing with Defaults – When Your Company Runs Into Trouble
Series: BUSINESS BORROWING BASICS 2016
When a company defaults under a loan agreement the results can be catastrophic to the company, and any guarantors of the loan. On the other hand, not some defaults are much easier to deal with than others and even significant defaults can be dealt with in a manner that avoids disaster. This webinar explains the different types of defaults, the range of lender reactions to various defaults, and how to best deal with them. In particular it focuses on the steps borrowers and their advisors can take to keep the lines of communication open and mitigate the negative effects of a default.
Principal Audience: Attorneys and Advisors, Business Owners and Executives
Partner: ChamberWise, West LegalEdcenter