Originally aired June 29, 2010. The sheer volume of troubled loans has overtaxed lender workout groups, which were understaffed going into the economic downturn. However, by following a systematic process that begins before the onset of a liquidation crisis, lenders can ensure maximum recoveries. The process involves objective loan analysis, development of a sound disposition strategy and devising a roadmap for executing the strategy. It can also involve looking outside for a capital solution.
Presented by:
Marty Battaglia, CEO, Hilco Recovery Strategies, LLC
Jeffrey Linstrom, EVP, Hilco Recovery Strategies, LLC
Robert Corsentino, Managing Director, PrivateBancorp Inc
Theodore Sylwestrzak, Dickinson Wright, PLLC