Fairfax, VA Attorneys Assist with Commercial Lending

Securing financing for business growth or expansion can be difficult.  Credit checks and due diligence may reveal risks or liabilities that could raise interest rates on the loan or otherwise impact a business’ eligibility for financing.  The attorneys at Shaner & Helf, LLC regularly advise clients about the following legal issues:
  • Promissory notes
  • Loans
  • Security and guaranty agreements
  • Blocked accounts
  • Deposit account control agreements
  • Joint accounts
  • Revolving credit
  • Lines of credit
  • Term loans
  • Equipment leasing and finance
  • Letters of credit
  • Mergers and acquisitions
  • Purchase and sale agreements
  • Reorganization
  • Organization of holding companies

Virginia Loan Workout Attorneys

Shaner & Helf, LLC negotiates loan workouts on behalf of creditors whose debtors are on the brink of Chapter 11 bankruptcy. As a creditor, you certainly do not want your debtors going into bankruptcy court and petitioning to shed their obligations to you. Likewise, your debtors must understand that bankruptcy is truly a last gasp effort for a business to stay open, and should not be filed until all other options have been exhausted. At Shaner & Helf, LLC, they design those other options. For more than 40 years, they have developed strategies to work out loan obligations so that both sides emerge better off.

Chapter 11 bankruptcy and the fallacy of the “clean slate”

Though Chapter 11 bankruptcy is meant to allow a business to restructure and get a fresh start, many never get a restructuring plan approved by the court, and of those that do, a significant percentage will be back in bankruptcy court within a few years. Most companies that file Chapter 11 bankruptcy never return to profitability. Publicly-held companies that file for bankruptcy see their stock prices plunge and working capital soon dries up. Talented employees whose job security is threatened start heading for the doors, adding to the instability of the company.

Fairfax lawyers provide viable options outside of bankruptcy court

Shaner & Helf, LLC works cooperatively with businesses and corporations as they explore options to restructure their operations and work out debt issues without resorting to Chapter 11 bankruptcy. They are often able to strike a deal on behalf of creditors that allows the business a fresh financial start while securing the repayment of loan obligations, all without a bankruptcy filing. They help their clients explore their options for out-of-court workouts. They work closely with business, financial and accounting consultants to determine whether the debtor has a viable business restructuring alternative to Chapter 11. A loan workout may be a better option than bankruptcy when commercial loans, asset loans, SBA business loans and other debts exist.

Protecting the creditor’s interests

Shaner & Helf represents creditors during the business reorganization and loan workout process. While their goal is to work with all parties involved to find a consensual solution, they are fully prepared to fight aggressively for their clients when the situation calls for it. A key to working through debt issues without going into bankruptcy is convincing the debtor to commit to a business restructuring plan. Shaner & Helf, LLC has the legal knowledge and business acumen to do so and its skilled negotiators will protect your interests throughout the process.

Enforcing Creditor Rights Through Foreclosure

Shaner & Helf, LLC is dedicated to assisting lenders who are harmed by loan default and who need to foreclose on properties in order to recoup their losses. In the current economic climate, public sympathy mostly sides with homeowners who are unable or unwilling to pay their mortgages. Many remedies have been proposed or enacted to keep delinquent borrowers in their homes. Restrictions placed on foreclosure have enabled delinquent borrowers who no longer have the means to maintain their properties to essentially squat as their homes fall into disrepair, further damaging lenders and negatively impacting the value of surrounding properties. Moreover, foreclosure restrictions prevent lenders from liquidating distressed assets to free up working capital so they can provide loans for prospective homebuyers. Shaner & Helf, LLC has 40 years of experience with the Virginia foreclosure process, and can facilitate your efforts to reclaim your property.

Contact an experienced Fairfax, VA commercial lending attorney today

Call Shaner & Helf, LLC at 301-913-9306 or contact the firm online.