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Brit Suttell Awarded Prestigious Donald Kramer Award

BN Lawyers

s Consumer Financial Service Law Practice Group. Our firm is very proud of Brit’s efforts on behalf of an organization that we have supported since its inception” explained Manuel Newburger, a shareholder and the leader of the firm’s Consumer Financial Services Law Practice Group. 248 or at tgood@bn-lawyers.com.

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SBA Loans: Offers in Compromise

Jimerson Firm

illness), paying it would cause financial hardship. (4) 4) Collection of the loan balance is not barred by a valid legal defense, such as discharge in bankruptcy or the statute of limitations; (5) The borrower has not engaged in fraud, misrepresentation, or other financial misconduct; and. (6)

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How to Maximize Recovery on a SBA Loan by Negotiating a Workout Agreement

Jimerson Firm

Essentially, a workout agreement restructures the material terms and conditions of the SBA loan in order to: avoid actions such as foreclosure or bankruptcy; allows the borrower to cure the default and improve their ability to repay the loan; and enables the lender or CDC to maximize their recovery on the loan. SOP 50 57 ; SOP 50 55.

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Burr & Forman Earns High Rankings in Benchmark Litigation US

Burr Forman

Frank Springfield , Birmingham – Financial Services Litigation. Future Stars: Erich Durlacher , Atlanta – CreditorsRights and Bankruptcy. Corky Klett , Columbia – Intellectual Property and Cybersecurity. Tom Potter , Nashville – Intellectual Property, Securities, Commercial. About Benchmark Litigation.

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14 Burr & Forman Partners Have Been Recognized by Benchmark Litigation

Burr Forman

Frank Springfield – Financial Services Litigation – Birmingham. Rik Tozzi – Financial Services Litigation, Insurance, International Arbitration, Securities Litigation, General Commercial Litigation, Competition/Antitrust, Professional Liability – Birmingham. Erich Durlacher – CreditorsRights & Bankruptcy – Atlanta.

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Canceling and Rescheduling a Mortgage Foreclosure Sale Now Requires a Motion

Jimerson Firm

Defendant has filed a Chapter Petition under the Federal Bankruptcy Code; e. Defendant has entered into a contract to sell the property that is the subject of this matter and plaintiff wants to give the defendant an opportunity to consummate the sale and pay off the debt that is due and owing to plaintiff; d.

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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 3: Commercial Mortgage Default Options Including Acceleration and Enforcement of Personal Guaranties

Jimerson Firm

For example, when a borrower becomes insolvent or files for bankruptcy, the lender can still attempt to mitigate its damages by seeking to recover all or a portion of its damages from the guarantor. See, e.g. , Guirlinger v. Goldome Realty Credit Corp., 2d 1135, 1136 (Fla.

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