Financial problems can cause a business owner or lender no end of grief. Mike has assisted both borrowers and lenders all across the United States who needs help with restructuring a loan, negotiating a workout or arranging for forbearance arrangement. As many borrowers and lenders have learned over the years, nothing can replace the value of experienced and knowledgeable counsel in such a transaction.

A debt restructuring is an out-of-court negotiation that allows debtors and creditors to reach agreements involving debt repayment and the satisfaction of financial obligations. Debt restructurings can be a valuable option not only for debtors, but also for lenders under certain instances. Parties to a debt restructuring transaction require experienced and knowledgeable legal counsel to assist clients in negotiating and closing a debt restructuring transaction. In certain instances, Mike has been able to work closely with the parties to avoid foreclosure or bankruptcy proceedings by utilizing the following options:

• Workout negotiations
• Forbearance arrangements
• Restructuring finances and securitization
• Loan restructuring, including debt to equity conversions
• Receiver appointments

Healthcare facilities who are experiencing financial difficulties have unique issues. Mike understands those issues and work closely with his clients to minimize the impact that they can have on the operations of a troubled long term care facility. Mike has had over 35 years of specialized experience in dealing with healthcare properties that have been facing foreclosure or bankruptcy. Many of the cases Mike handles involve debt restructurings or even the purchase of distressed debt by investors. These legal matters are quite complicated, and clients have come to greatly appreciate his extensive knowledge and negotiation skills which have allowed him to successfully represent debtors, creditors, and purchasers of distressed assets in these situations.

A debt restructuring is an out-of-court negotiation that allows debtors and creditors to reach agreements involving debt repayment and the satisfaction of financial obligations. Debt restructurings can be a valuable option not only for debtors, but also for lenders under certain instances. Parties to a debt restructuring transaction require experienced and knowledgeable legal counsel to assist clients in negotiating and closing a debt restructuring transaction.

Distressed debt investments can provide great financial returns to investors, but they also come with many significant risks that are not present in a standard debt investment. Purchasers of distressed debt have used Mike to purchase hundreds of millions of dollars of distressed debt, and maximize the return on those investments following the debt purchase.