Ryan A. Lema was quoted in a Law360 article regarding a NYS judge’s order for Donald Trump’s companies to notify the independent monitor overseeing them if they receive any notice of default on their loans or other obligations as a result of the court’s order revoking Trump’s business license.
Ryan noted that the cancellation of business certificates could provide an opportunity for Trump’s business partners to demand accelerated or immediate repayment loan.
The full article, “Trump’s ‘Canceled’ Cos. Ordered To Report Status Defaults,” can also be read on the Law360 website.
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