Attorneys & Counselors
Pamela S. Ritter
Member
Phone: 248.205.2765
Office: Bloomfield Hills, Michigan
Pamela S. Ritter
Member
Phone: 248.205.2765
Office: Bloomfield Hills, Michigan
Practice Areas:
With Over 25 years of experience, Pamela S. Ritter has assisted clients with a broad range of business advisory and crisis management services. Ms. Ritter represents creditors, lenders, debtors and other interested parties in complex restructuring, out of court workouts, asset management, liquidations and foreclosures. Her background in banking law, bankruptcy, creditors’ rights, and commercial real estate led Ms. Ritter to work with numerous financial institutions, small, medium and large businesses and individuals to provide invaluable counsel. Ms. Ritter has worked on both the state and the federal level to litigate collection, real estate, fraudulent conveyance, and transfer actions.
Experience
- Counsel to lenders in a range of loan origination transactions, including commercial and industrial loan facilities, real estate and construction loans and multibank credit facilities, participations, and intercreditor agreements.
- Counsel to lenders in loan defaults, workouts, loan modifications, loan sales, deed-in-lieu of foreclosure, and foreclosures of real estate secured loans, including negotiating forbearance agreements, disposition of collateral pursuant to Article 9 of the Uniform Commercial Code, orderly wind-down of borrower’s operations, and representation in bankruptcy court proceedings including debtor in possession financing, cash collateral proceedings, debt restructuring and other troubled loan financing.
- Counsel to secured lenders in state court proceedings against borrowers and guarantors, including real estate foreclosure matters, claim and delivery of personal property, receiverships, assignments for the benefit of creditors and judgment enforcement.
- Counsel to distressed companies in evaluating out of court options and negotiating with lenders and creditors and representing these companies in bankruptcy proceedings including handling the acquisition and sale of assets under Section 363 of the Bankruptcy Code, including negotiating and resolving contingent liabilities with Union representatives.
- Counsel to commercial real estate developers regarding the acquisition of real estate, negotiation with financing lenders and tenant management including lease and amendment documentation.
Community Organizations
- Serves as a Trustee for New Horizons Rehabilitation Services (2014 to current)
- Participates in fundraising events for Make a Wish, American Cancer Society, and Making Strides
Published Articles/Seminars
Ms. Ritter frequently speaks on issues related to creditors’ rights, insolvency, foreclosure and workout strategies.