In the current economic environment, commercial loan defaults are expected to accelerate. When a default exists, your bank may agree to a renewal, extension, or significant modification to the loan, as the solution. This program will cover guidelines for the Bank in a workout situation, including the documentation to consider before, during, and after negotiations take place with borrowers and guarantors. Assessing lien positions and likely recoveries in bankruptcy and in the absence of a workout will also be discussed. Practical information for daily use will be provided.