As part of their discussion, the panelists detailed how workout lenders strategize their everyday transactions. A workout lender traditionally assists banks in protecting their interests by helping companies with delinquent loans to streamline operations and get their payment schedules back on track.
In the AIRA discussion, Ms. Uhland and her fellow panelists also covered recent changes in the ways banking regulations may influence a workout lender’s plans for reorganizing a company. Among the other topics under discussion were the particular knowledge and skills workout lenders seek when evaluating and hiring the financial and legal professionals who will assist loan clients, as well as the issues involved when bankers, attorneys, and other stakeholders are unable to bring a workout program to a satisfactory conclusion.
The AIRA works as a nonprofit organization to provide information and support to a wide variety of financial professionals and attorneys focused on bankruptcy and corporate restructuring. The group additionally oversees professional standards and certification in its field.