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Workout

BETTER TURNAROUNDS Happen with a prudent process and resilience

Success in real estate requires thinking big and taking on mighty challenges. Unfortunately, not every endeavor works out according to plan. When your real estate projects and deals hit road blocks, our experienced real estate and bankruptcy attorneys are here to help you turn things around.

We have extensive experience representing developers and lenders in all aspects of the workout process related to troubled or failed complex real estate deals. This involves the collection and restructuring of commercial and industrial loans to borrowers across numerous property types, including office, retail, industrial and multi-family housing.

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In many instances you may find an out-of-court restructuring more advantageous than putting resources into a lengthy bankruptcy engagement. In such situations, we work together to make a plan to address outstanding debts with the goal of avoiding foreclosure or bankruptcy. We bring all parties involved in the workout and advance the same procedures available during bankruptcy, including distressed asset sales, consensual debt restructuring or forbearance.

Aaron D Werner - a man in a business suit, smiling at the camera
Aaron L. HammerChair | Bankruptcy Group
Jeffrey A. Hechtman - a man in a business suit, smiling at the camera
Jeffrey A. HechtmanManaging Partner
David H. Sachs - a man in a business suit, smiling at the camera
David H. SachsChair | Real Estate Group
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500 West Madison Suite 3700
Chicago IL 60661

Phone: 312-606-3200 Fax: 312-606-3232
© Horwood Marcus & Berk Chartered 2019. All Rights Reserved.
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