Creditors' Rights, Bankruptcy and Insolvency
Interagency Statement on Loan Modifications for Customers Impacted by COVID-19
An interagency statement was issued regarding loan modifications and reporting by financial institutions working with customers affected by COVID-19.
Continue ReadingCOVID-19 and the "Material Adverse Change" Clause
Due to the COVID-19 pandemic, our firm has received a number of inquiries about “force majeure” and “material adverse change” contract clauses.
Continue ReadingAnalyzing Authority Under a Power of Attorney
Financial institutions are routinely presented with powers of attorney and asked to transact business with the agent presenting the document.
Continue ReadingNew Bankruptcy Laws Aim to Help Small Businesses, Family Farmers, and Veterans
President Trump signed four pieces of bankruptcy legislation into law on August 23, 2019.
Continue ReadingChapter 13 Strip Down of Underwater Short-Term Mortgages Now Permitted
Law relating to lien strip-offs and strip-downs in bankruptcy continues to evolve. This article examines the ruling in Hurlburt v. Black.
Continue ReadingBanks Will Have Greater Power to Prevent Financial Exploitation of Adults
Effective July 1, 2019, Virginia law enhances the role banks can play in preventing financial exploitation of adults.
Continue ReadingLegal Updates for Lenders
There are several recent legal developments of which lenders should be aware.
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