Part One of a Two-Part Article
The primary goal of a workout should be to place the creditor in the strongest possible collateral and procedural positions in the event of a default.
A Lessor's Guide to Workouts
Every workout should be structured to anticipate a future default and enhance procedural, substantive, and collateral positions. This first installment of a two-part article discusses preliminary issues to address in workouts and key provisions to include in the workout agreement.
By
Frank PeretoreThis premium content is locked for LawJournalNewsletters subscribers only
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