BANKING LAW
Documenting your loans and enforcing your rights
Lavelle Law provides banks and other financial institutions with legal services related to their commercial lending and workout needs. We are experienced in negotiating and documenting a variety of asset-based loans and handling complex loan workouts and foreclosures. In conjunction with our Business Litigation practice group, we handle a variety of creditor’s rights matters, including the collection of past-due obligations, the foreclosure of liens, and the liquidation of collateral. When faced with loan documentation, UCC Article 9, or forbearance issues, Lavelle Law attorneys can provide trusted legal guidance.
Our Services
- Asset-Based Lending
- Commercial Real Estate Lending
- Construction Lending
- Creditors’ Rights
- Loan Syndication
- Mortgage Foreclosures
- UCC Article 9 Issues
- Workouts and Forbearance Agreements
OUR BANKING LAW TEAM
Banking Law Posts
Lavelle Law News and Events
On August 20, 2025, the First District of the Illinois Appellate Court decided Chicago Title Land Trust Co. v. Watkin, 2025 IL App (1st) 241354 (August 20, 2025). At issue in Watkin was whether the expiration of the statute of limitations barring enforcement of a mortgage also extinguishes the mortgage lien.
Attorneys drafting or reviewing indemnification clauses and notice provisions in a sale or acquisition governed by Delaware law should be aware of the recent Delaware Supreme Court decision in Thompson Street Capital Partners IV L.P. v. Sonova U.S. Hearing Instruments, LLC.
Restaurant patrons allegedly became ill from eating contaminated cilantro and filed personal injury lawsuits against two Chicago restaurants. As part of the litigation, the distributor who sold the cilantro to the restaurants, Martin Produce, Inc., filed a third-party complaint for contribution against the wholesalers.
