The commercial finance, lending, and banking section at Underwood Perkins offers immense experience and dedication to preserving creditors’ interests. Our attorneys routinely handle matters involving secured transactions and asset-based lending for financial institutions, including banks, subsidiaries, factors, finance companies, and other lenders.
Even our most educated clients find financing law difficult to navigate, so there is no shame in seeking legal guidance. Our attorneys build a strong foundation for secured transactions at the beginning. We assess your lending strategy to ascertain the debtor’s financing needs, the best assets to use as collateral, and the best structure for your loan.
When these transactions go sideways, we are there for you. If a debtor undergoes foreclosure proceedings or files bankruptcy, we represent your interests. It is vital to ensure you receive proper priority when payout time arrives.
We are also available to handle other phases in the finance industry, including complex acquisitions, dispositions, restructuring, workouts, reorganizations, and liquidations. Underwood Perkins wants to ensure your transactions and any contingencies that arise from them go as smoothly as possible and in your best interest.
Focus Areas:
Our clients include banks, bank subsidiaries, finance companies, factors, and other lenders. If you are a business that maintains in-house financing for your product, you would likely benefit from hiring a law firm experienced in business law and commercial finance.
Asset-based financing is more complex than unsecured (non-asset-based) loans. You must follow the steps outlined in the Uniform Commercial Code and properly perfect your interest in the collateral. If you do not, you face difficulty collecting your collateral if the debtor fails to pay.
Our attorneys offer extensive experience in secured transactions, asset-based lending, borrowing, and creditor’s rights. Lending is more than just handing over money; it requires careful contract drafting and properly perfecting an interest in the collateral used to secure the debt.
We can help you collect on secured debts (and repossess collateral); however, it is much easier to hire us at the beginning. Our attorneys assess your lending strategies and draft documents that cover contingencies. Also, if your debtor files bankruptcy or reorganizes, we can represent you through those proceedings and protect your priority among other creditors.
Disclaimer: Any information contained on this Website is not legal advice and should not be treated as such. Any information on this Website should be used solely as a guide and does not replace the advice of a licensed attorney. You should always contact an attorney for help with your specific legal needs and issues. Depending on your jurisdiction, you may have to take additional actions to be in compliance with the law. Any use of the policies contained in this Website is at your own risk. Any communication between you and us is not subject to attorney-client privilege.
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