JOHNSON & DAVIS has valuable experience in complex commercial and individual loan workouts, which involve the restructuring of debts to the satisfaction/acceptance of a debtor and his/her/its creditors. Sometimes the terms of a note or guaranty are modified, or changed, so that the debtor is better able to meet his/her/its obligations under those instruments in the future, while at other times the obligation to pay under a note or guaranty may be temporarily put on hold through a forbearance agreement.  Often, complex commercial workouts involve a combination of various remedies, and the Firm’s attorneys are adept at evaluating a person’s or company’s financial circumstances and suggesting a strategy or strategies to help facilitate a workout that is in the best interests of all involved.

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