As if buying distressed debt is not challenging enough given the underlying business considerations, the possible, and perhaps likely, bankruptcy filing of your soon-to-be borrower presents a maze of issues the note purchaser should consider before acquiring the debt.
1. Know Your Seller
USA, Banking, Insolvency & Restructuring, Pillsbury Winthrop Shaw Pittman LLP, Bankruptcy, Surety, Debtor, Breach of contract, Waiver, Misconduct, Debt, Mortgage loan, Foreclosure, Liability (financial accounting), Distressed securities