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    Tenth Circuit Opinion Reinforces Utility of Loan Modifications and Forbearance Agreements
    2021-08-11

    For lenders dealing with troubled loans, a forbearance agreement or loan modification is often a great solution. An agreement may give borrowers breathing room to get back on the path to compliance or set the stage for a palatable exit strategy. A recent decision from the U.S.

    Filed under:
    USA, Maryland, Banking, Insolvency & Restructuring, Litigation, Gordon Feinblatt LLC, Bankruptcy, Tenth Circuit
    Authors:
    Bryan M. Mull
    Location:
    USA
    Firm:
    Gordon Feinblatt LLC
    A Lien under the Contract Lien Act Cannot Include Future Amounts
    2021-07-21

    In the case of In re Walker, 473 Md. 68 (2021), the Court of Appeals responded to a certified question of law by the U.S. Bankruptcy Court for the District of Maryland (Bankruptcy Court) by stating that a lien under the Maryland Contract Lien Act (MCLA) cannot secure damages, costs of collection, late charges, and attorney's fees that accrue subsequent to the recordation of the lien.

    Filed under:
    USA, Maryland, Insolvency & Restructuring, Litigation, Real Estate, Gordon Feinblatt LLC, United States bankruptcy court
    Authors:
    Edward J. Levin
    Location:
    USA
    Firm:
    Gordon Feinblatt LLC

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