Steven A. Roach
Miller Canfield PLC
Articles
Eleventh Circuit Joins Fifth in Holding that the SBA May Deny Paycheck Protection Program Loans to Debtors in Bankruptcy
USA - December 23 2020 In June of 2020, Miller Canfield reported that the Fifth Circuit held that a Texas bankruptcy court had exceeded its authority when it ordered the…
Practice Pointer: Review Your Loan File Now to Avoid Problems Later
USA - October 28 2020 When a loan becomes distressed, it is essential for the secured lender to conduct a file review to determine if there are any deficiencies that need…
Michigan’s Receivership Act: No Longer Just for Commercial Real Estate
USA - October 20 2020 The Uniform Commercial Real Estate Receivership Act (“UCRERA”), adopted by Michigan in 2018, originally applied only to receiverships over commercial…
Strategies to Reduce the Impact of the New SBA Procedural Notice on the Rights of a Secured Lender
USA - October 15 2020 In the SBA Procedural Notice dated October 2, 2020 (the “Approval Notice”), the Small Business Administration (“SBA”) has issued mandates that may…
Practice Pointer: Words Matter
USA - October 13 2020 In prior practice pointers, we discussed how a Statute of Frauds provides protection for financial institutions and how a prenegotiation agreement…
