Husch Blackwell LLP recently issued the following announcement.
Date: June 23, 2021
While Paycheck Protection Program loans and stimulus payments helped borrowers survive COVID-19, it didn’t cure underlying economic challenges that many companies face. Lenders must now grapple with resolving distressed commercial, commercial real estate and agricultural loans. One of the possible workout options is the appointment of a receiver for the borrower.
But when is such an action warranted? How do you find the right receiver? And if a receiver is appointed, what can be done to ensure that recovery is maximized while simultaneously minimizing losses and costs? This webinar will provide practical guidance to better enable lenders to make the most of a receivership for their troubled borrowers.
Presenters:
Michael D. Fielding, Partner, Husch Blackwell
Bob Koester, Founder/Owner, Bob Koester Business Financial Services
Original source can be found here.