WORKOUT, RESTRUCTURINGS, AND TRANSFERS

The economy has changed dramatically in Puerto Rico over the last ten years with a marked increase in the number of defaults, workouts, bankruptcies, and foreclosures in the commercial real estate market.

Our team interacts closely and effectively with our other practice teams in the pertinent phases of distressed commercial bankruptcies, litigation, and workouts. Our team provides deep knowledge and advice on real estate and title issues through the negotiations and resolutions of forbearance agreements, bankruptcy transactions, judicial foreclosures, and receiverships. On the transactional side, our representation encompasses all aspects of insolvency proceedings including out-of-court restructurings, structured settlements, deeds “in lieu”, deeded judicial sales and acquisitions, lien priority and cancellation. We also regularly represent and advise purchasers and sellers in the purchase and sale of REO property.

Our practice includes the following:

 

• Capital structure and general business restructuring advice for lenders 

• Complex loan workouts and restructurings from strategic development through negotiation and documentation

• Buy-and sell-side distressed company mergers and acquisitions

• Legal and strategic counseling to loan officers and indenture trustees on potential problem credits

• Alternatives to bankruptcy