When a bank loses over $1 million worth of collateral the biggest question is simply … How? The answer can’t be due to a petty typographical error, could it? But it’s true! Due to a typo of the date in the loan document, the collateral was lost. This white paper discusses how this happened and reviews how when a bankruptcy trustee acts as a hypothetical secured creditor they can ignore the realities of the facts.
Practice emphasizes creditors’ rights and construction issues, and also includes consulting and supervising throughout the firm’s areas of business
Includes emphasis on creditors’ rights, bankruptcy cases, general litigation, loan documentation, workouts, foreclosures and forcible detainers, as well as deficiency collection and accounts collection
Client list includes banks, mortgage companies, distributors in various industries and leasing companies
Former director of the Arizona Chapter of the National Association of Credit Managers (NACM)
Named Best Lawyer in the areas of bankruptcy and creditor debtor rights for the last 10 years by Best Lawyers in America
Ranked as a Super Lawyer by Super Lawyers
Ranked as one of Arizona’s Finest Lawyers by Arizona’s Finest Lawyers Foundation
Can be contacted at https://www.gblaw.com/professional/michael-r-king/
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