Chartwell Law’s creditors’ rights attorneys handle commercial loan documentation, distressed loan workouts, asset recovery and liquidation, for an assortment of bank and non-bank secured lenders.
The loans we handle are typically secured by a mixture of real estate and personal property (such as securities, machinery, equipment, chattel paper, aircraft, motor vehicles and accounts receivable), and may be structured as simple mortgage loans, more complex asset-based transactions, or financing leases. Thus, we are familiar with a broad range of foreclosure, tax, title, lien priority, environmental, and Uniform Commercial Code-related issues. We have also successfully defended against a variety of lender-liability claims, and handled a broad variety of the land use, title and environmental issues which typically arise.
The creditors’ rights department is also qualified to handle all types of loans guaranteed by the U.S. Small Business Administration as many of our clients are SBA approved for SBA Express, Low Doc and Export Working Capital Loans. We are cognizant of the need for specific and efficient litigation plans which will provide a maximum recovery from the SBA. The department is a far-reaching practice group, with Attorneys in the department admitted to practice in all federal and state courts in Pennsylvania and New Jersey, and covering the entirety of both states.
Our department boasts over 30 years of experience representing commercial real estate and asset based lenders in loan documentation, workout and collection of non-performing loans. This vast experience in documenting secured transactions and collecting the balances owed on defaulted loans allows us to uniquely represent our clients in a cradle-to-grave approach, which is both cost effective and mindful of the client’s need for results. Our experience also includes documentation of portfolio purchase transactions in excess of $15 million of small ticket leases.