Contains the substantive law of bankruptcy and lender liability, and addresses all aspects of a satisfactory workout strategy for debtors and creditors. Focusing on loans secured by personal property collateral, this guide helps evaluate the laws, related legal issues, and potential consequences of specific actions. Covers negotiating among different banks in multi-bank credit; successful restructuring of a complex transaction involving workout negotiations with several different classes of creditors; analysis of the impact of bankruptcy of assertion on lender liability claims; the impact of environmental contamination on debtor and lender; taxes; municipal insolvency; and regulatory restrictions on lenders.