Workouts, Restructurings & Foreclosures

Dickinson Wright has extensive experience representing both borrowers and lenders in workouts, restructuring, deed-in-lieu and foreclosure matters, including bankruptcies, reorganizations, liquidations and a wide range of litigation matters related to loan enforcement.  Our clients include financial institutions, life insurance companies, and other lenders, loan servicers, special servicers, as well as Fortune 500 companies, developers and private land-holders.

Our practice regularly involves complex multi-state transactions, and includes specialty property types, such as hotels, entertainment and sports facilities, shopping centers, subdivisions, resorts, apartment complexes, condominiums and healthcare properties. 

Our real estate workouts, restructurings and foreclosure practice expertise includes:

  • Assisting with the modification, restructuring and workout of troubled loans, including negotiations related to recourse and non-recourse carve-out guarantees.
  • Providing counsel for judicial and non-judicial foreclosures, including deeds-in-lieu of foreclosure by advertisement.
  • Obtaining the appointment of receivers and exercising control over rents on behalf of our clients.
  • Negotiating deeds-in-lieu of foreclosure, forbearance agreements, operations and liquor licenses.

Practice Contacts