Episode
Loan Documents in Practice: What Actually Matters After Default
- Podcast
- The Legal Podcast Network
- Published
- Jul 20, 2026
- Duration seconds
- 935
- Processing state
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Summary
In this episode of Litigation and Capital, host Steven Mirsky, founder of Mirsky Corporate Advisors, delves into the critical aspects of loan documents when a borrower defaults. Joined by Shameika Rhymes, they explore how life changes for borrowers post-default, the role of creditors, and the importance of understanding loan agreements. Steven explains how lenders exercise their interests through collateral and events of default, and the implications of acceleration clauses and remedies provisions. He highlights the significance of reading contracts thoroughly and the potential pitfalls of guarantees and cross-default provisions. By understanding these elements, borrowers can better navigate financial challenges and protect their business interests.