We have almost 160 years of experience in general commercial, banking, and real estate related litigation as well as bankruptcy and collection matters for many of the nation’s largest banks and private capital sources. This experience has given Schumann Hanlon the expertise in dealing with troubled loans. In applying our expertise, we focus on key subject areas: complete loan documentation; general real estate, bankruptcy and creditor's rights issues involved in workout scenarios; and lastly, lending litigation which usually requires foreclosing both secured and unsecured debts. We have acted as counsel to lenders in innumerable foreclosure and collection matters, consensual deed-in-lieu transactions and many troubled real estate projects that include office building, partially complete condominium and other residential projects, restaurants and subdivisions. We have been successful in assisting our clients in navigating the complexity of bankruptcy and other courts in order to achieve the favorable treatment in reorganization and to have the automatic stay lifted in frivolous proceedings.
Certain of our attorneys have had considerable experience with the Resolution Trust Corporation (“RTC”) in the workout area, including legal audits of and the carrying out the liquidation of failed financial institutions and liquidation of their assets. We have prosecuted and defended fidelity bond claims, worked-out and collected on defaulted loans.
