Dealing With Defaults- What to Do and Not Do When Your Company Violates its Loan Agreement
Series: BUSINESS BORROWING BASICS
You can view the accompanying slideshow for free by clicking the “On Demand” button below.
To view this webinar for CLE/CPE credit, click here.
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, 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, Investors
Partner: West LegalEdcenter