Creditor Rights: Workouts

When a debtor cannot feasibly pay a debt all at once, Fox, O’Neill & Shannon, S.C.'s creditor's rights attorneys can help creditor clients obtain a reasonable repayment agreement, with appropriate collateral and/or pop-up civil judgments.

FOS's attorneys are experts at negotiating, structuring, drafting and implementing payment agreements. In conjunction with such activities, they will draft, formalize and file, where necessary, appropriate uniform commercial code collateral security agreements and financing statements, and real property mortgages. These can help prevent a debtor's bankruptcy filing, or preserve a creditor's interest if such a filing occurs, and so preserve a creditor's ability to obtain full payment.