Lender-Side Litigation Background
Partner Thomas J. Frank represented lenders, mortgage servicers and investment funds in finance litigation, so he knows how banks think.
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71 New Street, Huntington, NY 11743
A demand letter or frozen account is stressful. Talk to a Long Island banking and finance lawyer today: (516) 246-5577.
Banking Lawyer Long Island, NY
If you own a business on Long Island, a bank probably holds a piece of it. A line of credit, an equipment loan, a commercial mortgage, an SBA loan you backed with a personal guarantee. Most days that's fine. Then a payment slips, a covenant gets tripped or an account gets frozen, and you're reading letters you can't quite decode.
That's where a Long Island banking and finance lawyer comes in. We review loan documents before you sign, help you close SBA-backed and commercial loans, negotiate with lenders, and go to court when talking stops working. Our banking law firm serves business owners, landlords and individuals across Nassau and Suffolk counties.
Long Island Finance Attorney Help
The Frank Law Firm provided me with legal advice and guidance during a difficult situation. I came to them to review and explain a legal contract I had signed. Amanda was very knowledgeable and explained the document thoroughly. She was very reassuring, and honest in answering all my questions. I would highly recommend to anyone seeking legal representation to reach out to this firm.
Thomas Frank came highly recommended by an attorney I trust and represented me in a complex matter against a large business entity represented by a large NYC firm. He immediately grasped the nature and scope of my case and came up with a brilliant, linear strategy in short order. Just as swiftly, Thomas strategically executed on each step. I have worked with white glove law firms and have never found the level of consistency and professionalism that Thomas provided in his capacity of counsel. He literally made zero mistakes, even in the moments of game time decisions in the courtroom. Not only that, his creativity and judgement led to an outcome that exceeded my expectations, and, as a human being, he was an absolute pleasure to work with. I cannot recommend Thomas Frank highly enough!
We came to Frank Law Firm because our original attorney put us in a scenario where everything was mismanaged. Amanda quickly cleaned up our previous attorneys mess and put us back on track. From day one they were very transparent about their process and fees. They provided fantastic guidance for us as new home owners. The team was highly responsive and often took time to ensure we fully understood potential outcomes and next steps. Overall we would work with them again and recommend to friends.
Amanda was a pleasure to work with!!! Selling and buying a home at the same time is very stressful too begin with and my experience was very difficult and stressful to say the least. Amanda was so patient, always available, and very knowledgeable to every question and concern that I had. I was truly blessed to have her represent me with both of my transactions. I would definitely recommend The Frank Law Firm to anyone that is looking for the best lawyers out there!!!
Amanda was extremely attentive and followed up on everything promptly. The law firm was professional and courteous and I highly recommend it.
Top of the line customer service. Helped me get my moving violation dismissed and I didn't have to do anything ! Was certain I would get in some trouble but was completely shocked when I received the news that it was completely dismissed. In the past with other law firms I paid a lot of money to only get the penalty months later. The Frank Law Firm dealt with my situation in the most kind and professional way. Very nice people.
Top of the line customer service. Helped me get my moving violation dismissed and I didn't have to do anything ! Was certain I would get in some trouble but was completely shocked when I received the news that it was completely dismissed. In the past with other law firms I paid a lot of money to only get the penalty months later. The Frank Law Firm dealt with my situation in the most kind and professional way. Very nice people.
Thomas Frank was a pleasure to work with. The experience was nothing but a professional one. Mr. Frank guided me through the whole process of Chapter 7 bankruptcy. He was always available to reach by email or texting at any time that I contacted him. He never failed to get back to me within hours. I highly recommend Mr. Frank for all of your legal issues. Also, you'll find their price for their legal services to be more than fair. Again, a great big thank you to a professional and knowledgeable team.
I needed an attorney quick fast and in a hurry. My girlfriend recommended this firm. I called and Amanda got back to me quickly. She researched my issue and gave me good guidance. She is a former prosecutor but able to explain convoluted legal concepts in a very straight forward way. We didn't wind up retaining the firm due to the time contraints of our case, but I know we will be working with them in the future. Give them a call, I think you will like what you hear.
I would like to thank Thomas in handling my first time home buying experience with his law firm. He was very polite and very professional. He even took the time to explain to me page by page about some documents I received from the seller, which by the way it was on his spare time to answer all of my concerns about those documents. He responded on every email and text that I had questions and concerns and I got answers. Thomas made himself accessible and told me if I have any other closing related issues pertaining any documents to give him a call. Thank you once again on doing a great job. I would highly recommend Thomas Frank and his law firm.
I retained Frank Law Firm when I received a warrant for an unpaid ticket. Not knowing the severity of this issue, I called and consulted Amanda. Before giving me any direction, she took the time to make some calls and figure out what exactly was going on. She then guided me through the process. She was very comforting and explained everything in a manor that I understood. I would like to send a sincere thank you to her and Frank Law Firm. The amount of attention and guidance I received was refreshing. I would recommend them to anyone!
The Frank Law firm has helped me and my family tremendously. Amanda has been nothing but a blessing with her vast knowledge and resources, Me and My family were very satisfied with their service. Would definitely recommended them.
I'm a real estate investor in NY and I honestly could not ask to partner up with any firm better than the incredible people at Frank Law Firm. There passion, love and dedication for what they do is evident. I can't thank them enough for everything they have helped me with so far and we are only going to grow from here...
Banking Law Firm Long Island
Plenty of firms come at debt trouble from one direction: the borrower who's behind. We do that work too. But before Thomas J. Frank turned to local business and bankruptcy matters, he represented lenders, mortgage servicers and investment funds in finance litigation in New York and Florida state and federal courts.
For you, that makes our Long Island banking law firm a different kind of call. When your bank sends a letter, we have a good idea who wrote it, why, and what its attorney will try next. We also defend banks and financial institutions in UCC disputes. That view helps us spot leverage you'd miss, and it lets us tell you straight when a fight isn't worth having.
Financial Services Attorney Long Island
Our Long Island banking litigation work and day-to-day advice cover a lot of ground. On the borrower side, that means help with SBA and other government-agency loans, commercial lending, loan documents, personal guarantees and covenants. On the dispute side, it means defaults, demand letters, collections, foreclosure and bank operational disputes under the Uniform Commercial Code.
If you need a financial services attorney in Long Island, NY who can also carry a case into court, you get one. Appellate and trial work, business litigation and bankruptcy sit under the same roof, so nobody has to re-learn your file halfway through.
Banking Attorney Long Island Process
Have a question about your situation? Start with a conversation.
Ask our teamA Long Island banking lawyer handles the legal side of money you borrow, lend or owe. For a business owner, that usually means reviewing loan documents and personal guarantees before you sign, helping close SBA-backed and commercial loans, negotiating when a payment gets missed, and litigating if a dispute with a bank or lender can't be settled. Many owners start with the Small Business Development Centers at Farmingdale State College in Nassau or Stony Brook University in Suffolk for the business plan and funding side. We're the legal side of that picture, from loan closing through default.
Generally, the lender takes the collateral first, then turns to the SBA for the guaranteed portion, and the SBA comes after you. You'll typically get a demand letter with about 60 days to respond, and that window is your best chance to send financial proof or propose an offer in compromise. Once a defaulted loan is referred to the U.S. Treasury, negotiating gets much harder and assets can be seized without a lawsuit. If you're searching for a banking attorney on Long Island, NY after a demand letter, call before the clock runs down. We can't promise outcomes, but we can lay out your options while you still have them.
Usually an LLC keeps your personal assets separate from business debts. A signed personal guarantee changes that. It makes you personally responsible for the loan, so if the business defaults, the lender can sue you and go after personal assets, and court costs can be added to the debt. That surprises a lot of Long Island business owners who assumed the LLC covered everything. A Long Island finance lawyer can read the actual guarantee, explain what it covers, and negotiate its terms before you sign or a settlement after trouble starts. Outcomes depend on your documents and your facts.
Banks sometimes freeze an account while they review a deposit or a transaction, and a freeze doesn't mean you did something wrong. It does mean you can't make payroll or pay vendors. Gather records showing where the money came from, and ask the bank in writing what it needs from you. If you're getting the runaround, a Long Island banking attorney can contact the bank directly, review the facts and the law, and push for a resolution. We handle bank operational disputes under the Uniform Commercial Code from the bank's side too, so we know what its counsel will be looking at.
No, and it's worth saying plainly because many people dread the word. Workouts, forbearance, loan modifications, settlements and, for SBA debt, an offer in compromise can all be on the table. Bankruptcy is one tool, and when it's the right one, we handle it in-house for individuals and for businesses. Because our Long Island finance attorney team does negotiation, litigation and bankruptcy, our advice isn't shaped by having only one option to sell you. Which path fits depends on your debt, your assets and what you want your business or your family's finances to look like next year.
It depends on the matter, so we don't post set prices. Reviewing a loan is a different job than defending a collection suit. Clients have told us we were transparent about our process and fees from day one, and that's the standard to hold any banking and finance lawyer to. Before you hire anyone, ask what the scope covers, who will actually handle your file, how fast they return calls, and what they've done on problems like yours. Reach us at (516) 246-5577 or at our Old Brookville office, 333 Glen Head Road, Suite 145. Phone, email and text mean you won't have to fight LIE traffic to get an answer.