DuPage County, Cook County, and Northern Illinois Banking and Financial Services Attorneys
Experienced Representation for Banking and Financial Challenges throughout Northern Illinois
The rapidly changing economic and regulatory climate presents unique challenges for lenders. Banks and financial institutions require advocates who are responsive, aggressive and creative. At Momkus LLC, our experienced transactional and litigation attorneys stand ready to assist lenders in every step of troubled asset management.
From loan documentation through litigation and sales of collateral, our attorneys have the knowledge and experience needed to resolve challenged assets in an efficient and cost-effective manner. Our practical business experience provides us the ability to assemble an effective team to confront any issue facing the modern lender.
Some of the common banking and financial issues we handle include:
- Loan Modification: The lawyers at Momkus LLC understand each troubled asset presents a unique challenge. Borrowers are faced with their own challenges which disrupt their ability to service their debt. There is no cookie-cutter approach to loan workouts and modifications. Each case requires a ground up approach to ensure a viable resolution can be achieved quickly and effectively. We have attorneys on staff ready to provide creative solutions.
- Commercial/Residential Foreclosures: The foreclosure process has become more complicated in recent years. While the economy recovers from the recent downturn, the foreclosure crisis continues to overburden our courts. Skilled counsel is needed to navigate through the maze of foreclosure laws to ensure a smooth and seamless result.
- Loan Documentation: Lenders know proper loan documentation is critical to their success. Our attorneys have experience drafting and reviewing loan documents for transactions ranging from several hundred thousand dollars, to transactions in the tens of millions of dollars.
- Lender Liability Claims: Debtors have become increasingly litigious in blaming lenders for their woes. Lenders find themselves accused of breach of contract, breach of fiduciary duty, bad faith, fraud and misrepresentation, and negligent loan administration. When Lenders become the target, they require experienced litigation attorneys to present an aggressive defense.
We understand that fiscal maintenance is the core objective for our clients, and we have the experience to resolve the underlying business issues that are required to achieve that objective; whether it be resolving a contractual dispute, securing collection of collateral, defending allegations of fraud, claims of unfair business practices, or any legal matter related to the banking and financial services industry.
To schedule a consultation to discuss your banking issue, contact Momkus LLC today at 630-434-0400. We provide counsel and advice from our team of experienced banking and financial litigation attorneys in DuPage County, Chicago, Cook County, Kane County, Will County, Lake County, McHenry County, Kendall County, DeKalb County and throughout Northern Illinois.