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Workout Strategies Seminar

If the Wave Hits, Will You Ride It or Be Swept Under

June 10, 2010

June 10, 2010

Shipman & Goodwin attorneys James C. Schulwolf, Donald R. Gustafson and William G. Rock are presenters at the Connecticut Bankers Association, Workout Strategies Seminar on Thursday, June 10, 2010 at the Rocky Hill Marriott.

The program is designed to provide action strategies for a bank’s existing or potential non-performing assets, in their commercial and real estate loan portfolio. The seminar will be presented by attorneys and a banker with extensive experience dealing with non-performing or defaulted loans. The focus will be on practical strategies for responding to the kinds of problems banks are likely to encounter with troubled loans under the current economic conditions. Major seminar topics will include:

• Anticipating commercial loan problems
• Understanding your rights and weak points before the problem arises
• When to “take the keys” and when to restructure
• When to involve counsel or turnaround specialists
• What new responsibilities do you take on when you foreclose on a property or a business
• Unique default problems concerning specific asset classes like shopping centers, multi-family housing, manufacturing companies and family-owned businesses

This program is appropriate for commercial loan and workout departments, including department heads, as well as loan and workout officers.

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