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Old 08-10-2005, 04:49 PM   #242
sebastian_dangerfield
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Join Date: Mar 2003
Location: Monty Capuletti's gazebo
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Question

Quote:
Originally posted by Pretty Little Flower
So what are the primary arguments in your legal arsenal to defeat the NY lenders' claims that NY law controls?
Oh, I lost those. A good NY lender will kill you. The NY firms write up soooo much tighter paper than the yahoos punching out loan docs in this cesspool. I plead duress last time under NY law. Try that if you want to get battered to shit and laughed out of court. But it kept us alive long enough to get the refi done, so all was well.

These days, I think a lot of lenders default iffy commercial creditors just so they can get the refi money and get the hell out of the loan. I don't think they actually intend on ever levying on the fucking assets, which are more often than not worthless anyway.
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