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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Dec 9 4:00 PM EST

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To: Maurice Winn who wrote (82312)	10/29/2011 2:47:56 AM
From: Snowshoe	Read Replies (2) of 218310

>>My experience as a creditor in the industrial markets of the oil industry<< How did you handle deadbeats? Ever negotiate any loan restructuring, partial forgiveness, etc. I had a friend who was hopelessly behind on his personal credit card and stopped paying. Bank negotiated a deal to write down 60% of the balance in return for a 40% lump sum payment. Advantages: bank got "something", friend avoided extreme collection efforts and possible bankruptcy filing. Do things like this happen in commercial lending?

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