Banking

Banking Issues

The lawyers of McCarthy Duffy LLP regularly represent banks in workouts, collections, garnishments, citations, check collection, commercial matters and defense work.

Clients have included several federally chartered national banks, state banking associations and federal savings banks.

Many of the firm's services fall under the following categories:

Collections, Workouts and Bankruptcy

The firm provides representation in all phases of the workout and collection process, including negotiation and documentation of forbearance agreements and payback arrangements. McCarthy Duffy LLP attorneys have extensive representation of creditor clients in U.C.C. sales, state and federal court litigation and bankruptcy matters.

Loan Documentation

McCarthy Duffy LLP engages in document drafting and negotiation for all types of credit facilities, including real estate, construction, asset based, stock or asset acquisition, municipal financing, and other loan documentation. Attorneys Weilandt and Schaul  have extensive experience in drafting and negotiating intercreditor and participation agreements.

General Representation

The firm provides general and specialized representation of banks and savings banks, including day-to-day consultations with officers and staff regarding all aspects of banking transactions. Services include:

• Federal and state statutory lending requirements
• Articles 3, 4 and 9 of the Illinois Uniform Commercial Code
• Consumer credit and truth-in-lending
• Representation before governmental agencies
• Prosecution and defense of commercial litigation in various financial matters

The firm's experience in banking issues is wide-ranging. In addition to representing banks, McCarthy Duffy lawyers have also served as special counsel to the Federal Savings and Loan Insurance Corporation in supervisory matters involving savings and loan institutions, the prosecution of fidelity and surety bond claims, and the liquidation of insolvent institutions. Attorney Richard Witry currently serves as the director of the North Shore Community Bank and Trust Company.

Contact the Firm

To speak with a McCarthy Duffy LLP lawyer about a banking issue, call 312-726-0355. You can also to email the firm through this Web site's contact page. Initial consultations for new clients are free of charge.