Tag Archives: default

Is the Borrower in Default? Sometimes It’s Hard to Tell

Let’s talk about borrowing money under revolving lines of credit.  Sometimes it’s not entirely clear whether the borrower is in default, and there’s a question as to whether they can borrow money.  Here are our facts:  The company needs to draw on its revolving line of credit, and it’s three weeks before the end of the fiscal … Continue Reading

How to Avoid Lender Liability – Part 1

Back in the 80's and early 90's, there was a flurry of "lender liability" lawsuits, with lenders being sued when they exercised remedies after a default on a loan. By the mid 90's, these lawsuits appeared to have gone the way of the dinosaur -- but now they're back. What can you do to protect yourself against lender liability claims?… Continue Reading
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