SBA
Liquidation
Galuppo & Blechschmidt represents and advises
SBA lenders with loan actions for 7(a) loans
and related 504 loans in liquidation under
SBA Liquidation SOP
50 51 3 (recently updated
and amended November 15, 2010). As legal counsel,
we review and comment on legal issues as well
as provide the related legal services pertaining
to proposed loan actions and actual loan actions.
The firm is now active in the National Association of Government Guaranteed Lenders.
Our qualified attorneys provide comprehensive and cost effective services,
assisting SBA Lenders in the following areas:
| Workouts (Chapter 11, SOP 50 51 3): Assist with negotiation, legal services and drafting of the appropriate documents related to: |
 |
Real Property (Chapter 13 SOP 50 51 3): Assist with Legal services and drafting of the necessary documents relative to: |
- Forbearance
- Reinstatement or Extension of
Maturity Date
- Repayment Plan for
Past-due Amounts
- Deferment
- Modification of Note or other
Loan Documents
- Reduction of Loan
Balance
- Assumption of Loan by Third
Party
- Subordination to Working Capital
- Relief on Senior Loan
- Voluntary Sale of Collateral
|
- Release of Lien for Consideration
- Deed in Lieu of Foreclosure
- Lien
Foreclosure
- Collection of Rents
- Appointment of Receiver
- Short Sale Approval
|
| Personal Property Collateral (Chapter 14 SOP 50 51 3) Assist with legal services and drafting of the required documents relative to: |
Litigation (Chapter 15 SOP 50 51 3): Provide direct legal services supporting collection activities through the litigation or bankruptcy process: |
- Release of lien for consideration
- U.C.C. sale or Unified sale
- Judicial Foreclosure
- Collection of Accounts Receivable
- Set-off of Deposit Account
- Surrender of Life Insurance Policy
for Cash Value
- Foreclosure of Lien
on Fixtures
|
- Civil Litigation against Borrower(s) and Guarantor(s)
- Complaints
- Motions
- Discovery
- Judgments
- Chapter 7, 13, and 11 Bankruptcy
Proceedings
- Debtor’s Statement of Financial
Affairs
- Proof of Claim
- Motions for Relief
from Stay
- Objection to Chapter
- Plans and
Disclosure Statement
- Objection
to Discharge
|
|
