I focus on business bankruptcy and on other ways of helpingbusinesses in financial... more
I focus on business bankruptcy and on other ways of helpingbusinesses in financial distress. Restructuring and workout toolsinclude chapter11 business bankruptcy and assignments for the benefit of creditors. I representdebtors (borrowers) as well as creditors andpurchasers of distressed assets, both in and out of bankruptcy. --- I spend much of my free time writing about bankruptcy, other r... view profile
John D. Purdy, Jr., B.A. (Econ.), Yale University, 1963 and J.D. 1966, University of... more
John D. Purdy, Jr., B.A. (Econ.), Yale University, 1963 and J.D. 1966, University of Chicago Law School, was an associate and then an equity partner in Ross Hardies (1966-1983), a founding partner in Siemon, Larsen Purdy (1983-1991) and a partner in Martin, Craig, Chester Sonnenschein (1991-2002) prior to joining Momkus, Ozog McCluskey in February 2002. He concentrates his practice in the r... view profile
Tara L. Goodwin is a member of Edelman, Combs, Latturner Goodwin, LLC, a consumer... more
Tara L. Goodwin is a member of Edelman, Combs, Latturner Goodwin, LLC, a consumer law firm in Chicago, Illinois. She has practiced consumer law since 1991. She has handled class and individual cases under the Fair Debt Collection Practices Act, Fair Credit Rreporting Act, Truth in Lending Act, Illinois Consumer Fraud Act and local and state landlord tenant laws. She currently represents numer... view profile
When you buy something on credit, you borrow the money from a lender and put yourself in debt. The paperwork documenting this transaction is a debt/lending agreement. For example, simple debt / lending agreements are used to finance RV or boat purchases. More complicated debt / lending agreements for commercial business operations may include complex credit agreements, promissory notes, security and guarantee agreements, subordination or inter-creditor agreements, patent or trademark collateral security agreements, assignment and assumption agreements, hazardous substance indemnity agreements, mortgage agreements, and accounts receivable letters. When substantial amounts of money are involved, you'll want to use a business attorney with experience in negotiating and drafting debt and lending agreements.