Jim Butler’s blog article, "How they are going to make you pay TOT on revenues your hotel never received," appeared in Hotel Online.
After the Bank forecloses on its collateral, it is important to administer the collateral in a commercially reasonable manner. The collateral is the source of repayment for the Bank. It is important to preserve its value and to liquidate it to pay off the loan to the extent possible. Workout professionals who are charged with […]
You’ve gotten a judgment against that troublesome borrower who hides assets and plays games, but you are afraid that it will be many moons before you are able to collect. You know that one of the best ways to get this kind of person to deal with you is to get a statewide judgment lien […]
Cloud Computing, Part I This article is the first in a series about cloud computing. Read parts two and three to get the full story. On October 29, 2009, the City of Los Angeles announced that it is outsourcing its e-mail services to Google, becoming the largest governmental body to outsource such a key computer […]
Jim Butler and Marty Orlick’s blog article "Hotel Lawyers and the ADA: Is the DOJ’s ADA Compliance Survey Coming to Your City Soon? What to do when you receive the DOJ’s ADA Compliance Review questionnaire" appeared in Hotel Online, ehotelier.com, Hotel Resource and 4Hoteliers.com.
How many of you have been the victim of a city’s “urgency” moratorium law that stopped your project cold? I’ve had several such cases in the past couple of years and am pleased to report that in one of those cases, where the client had no alternative but to litigate, we prevailed big time! In […]
On October 8, 2009, the Los Angeles City Planning Commission unanimously approved a luxury 80-room boutique hotel in the historic Security Pacific Bank Building at the corner of Hollywood and Cahuenga. Based on the work of JMBM and the project team, the hotel concept received vast community support ranging from historic preservation associations to neighborhood […]
Most loans today are secured by real or personal property collateral, so the homestead exemption is of less importance to institutional lenders than it used to be. However, if you do find yourself administering an unsecured loan, or if you discover that the loan you thought was well secured turns out to be unintentionally unsecured, […]
Negotiations with borrowers can be tricky and fast-paced. The workout professional needs to be able to respond to borrower inquiries quickly, authoritatively and without losing a step. While final numbers, covenants, terms and conditions must be developed carefully before being finalized, workout professionals know that Cash is King and that they must be able to […]
The final segment of Stan Gibson’s series on Litigation Readiness and Electronic Discovery addresses the practical problem of assembling and collecting all of the data needed for use in the lawsuit. Stan’s point is that advance preparation, a luxury in today’s fast-paced, cost conscious world, pays dividends when a lender is faced with short time […]