Creditors' Rights, Bankruptcy and Insolvency

Recent Developments: (A) The “Material Adverse Change” Clause (Part II); and (B) Changes to the Small Business Bankruptcy Debt Limit

Posted on April 5, 2022 by Neil E. McCullagh

New Virginia Laws Of Which Creditors Should Be Aware

Posted on June 30, 2021 by Neil E. McCullagh

The Small Business Reorganization Act and Subchapter V Bankruptcy

Posted on September 30, 2020 by Neil E. McCullagh, Christopher A. Hurley

Recent Developments Affecting Lenders

Posted on July 1, 2020 by Neil E. McCullagh, Kasey Hoare Michelle

Interagency Statement on Loan Modifications for Customers Impacted by COVID-19

Posted on May 10, 2020

An interagency statement was issued regarding loan modifications and reporting by financial institutions working with customers affected by COVID-19.

COVID-19 and the "Material Adverse Change" Clause

Posted on April 3, 2020 by Neil E. McCullagh

Due to the COVID-19 pandemic, our firm has received a number of inquiries about “force majeure” and “material adverse change” contract clauses.

Analyzing Authority Under a Power of Attorney

Posted on December 30, 2019 by Matthew Yanovitch

Financial institutions are routinely presented with powers of attorney and asked to transact business with the agent presenting the document.