Forbearance Agreements Line by Line arrives at the height of the most challenging economic climate experienced by lenders and borrowers in nearly a century. The work, written by a bankruptcy professional with over thirty years of experience, explores in detail the forbearance agreement the foundational agreement lenders and borrowers consider in virtually every workout situation and utilize in most of them. The author provides an in-depth discussion of the strategic purposes and benefits of a forbearance agreement for the lender, the borrower company, and guarantors, and explains why and when utilizing a forbearance agreement may be the optimal workout or turnaround strategy. In a comprehensive section-by-section analysis, this guide to forbearance agreements addresses the legal purpose of each provision and the negotiating considerations of each of the parties against the backdrop of the tactical objectives each of them seeks to achieve. This book is an indispensible primer for all practitioners, managers, and lenders who are new to facing companies in financial distress, as well as a unique and useful checklist for the most experienced turnaround professionals. The included CD-Rom provides searchable PDF and Word versions of the book and sample agreements.
The Line by Line series provides analyses of key contracts, agreements, and other documents pertinent to the practice of various areas of law. Each book includes full-text forms; additional sample provisions; descriptions of key terminology; detailed line-by-line guidance on the use and interpretation of each significant provision; options for alternate language where appropriate; relevant issues, statutes, and cases; and best practices for drafting and negotiating each document for both practitioners and clients alike.
About the Author
Peter C. Blain has practiced bankruptcy, insolvency, and creditors rights law for over thirty years. He is a fellow in the American College of Bankruptcy and has been listed in Best Lawyers in America continuously since 1987. Mr. Blain is a frequent author and speaker on bankruptcy and related topics, and recently headed a team to address the judges of the Czech Republic on its newly enacted bankruptcy statute at the request of the U.S. Ambassador and the Chamber of Commerce.
