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Beth Mitchell quoted in “What to do with the ‘Worst of the Worst’”

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Banker & Tradesman
05.10.2010
Beth Mitchell, a co-chair of the firm’s Commercial Finance practice group and a member of the Workout, Restructuring and Bankruptcy group, was quoted in “What to do with the ‘Worst of the Worst’” in Banker & Tradesman on May 10. The article discusses the struggles lenders are experiencing with difficult post-foreclosure properties. “I remember foreclosing on a project that was mid-construction 20 years ago,” said Beth. “It took years to put it in a position where it could be leased and sold. At some point, you have to wonder whether it’s worth the trouble for an institution that’s not otherwise in that business.”
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