What Would You Do?
August 2, 2016
In this edition of What Would You Do? which appeared in the July/August 2016 edition of The Secured Lender, Otterbourg partners, Dan Fiorillo and Jim Cretella discuss what happens when the chief credit officer of the bank discovers that one of the bank’s financial distressed borrowers transferred a larger portion of the bank’s collateral to a newly formed affiliate that is not part to the bank’s credit facility. Find out here the issues the bank must consider.