Vorys Sixth Annual Commercial Loan Workout Series: Loan Modifications, Forbearance Agreements and Related Swap Considerations

Bryan Farkas, a partner in the Vorys Cleveland office, and Nici Workman, a partner in the Vorys Columbus office, presented a webinar on October 8 titled "Loan Modifications, Forbearance Agreements and Related Swap Considerations."  This webinar was the first webinar in Vorys' 3-part Commercial Loan Workout Series.

This presentation covered important information on loan modification and forbearance agreements including:

• When they are justified,
• Best practices for communicating with obligors,
• Crucial provisions to include in such arrangements,
• Collateral and Guarantor issues,
• Avoiding lender ability, and
• Swap considerations when a loan is in default.