Creditors' Sidebar

Creditors' Sidebar

Legal Views on Bankruptcy, Insolvency & Creditors’ Rights

Category Archives: Workouts

Subscribe to Workouts RSS Feed

Protecting the Lender: Strategies for Extending Credit to Health Care Providers

Posted in Accounts Receivable, Collateral, Healthcare, Uncategorized, Workouts
Contrary to popular belief, lending to a doctor is risky business. The business of a health care provider is specialized and, therefore requires specialized lending. Lenders cannot simply repackage loan documents used for other industries, and having a lien on receivables may not alleviate the risk. Lenders must accurately value the collateral and to do… Continue Reading

Welcome to the Neighborhood — Kentucky High Court to Determine Whether Lender is Obligated to Pay HOA Dues on Unimproved Property

Posted in Collateral, Kentucky Law, Owned Real Estate, Workouts
The Supreme Court of Kentucky has granted discretionary review of a court of appeals ruling that a bank taking 51 subdivision lots by deed in lieu of foreclosure was not entitled to the developer’s exemption for homeowners association (HOA) dues. In Woodlawn Springs Homeowners Assoc., Inc. v. Your Community Bank, Inc., the lower court had… Continue Reading