Essay: Exit Strategy in Case of Default

Sample Essay

The financial institution will hold securities or assets of Debenhams during the course of the loan and in case of default by the company the financial institution can sell off these securities or assets to recover any amount due from Debenhams. If the amount of principal and interest are not fully recovered from the sale of assets or securities the financial institution will further pursue litigation against the company to claim for any remaining balances and damages to the financial institution.

These assets or securities will be held by the financial institution during the course of loan repayment and the institution may gradually decrease and return the amount if these securities with subsequent yearly repayments from Debenhams.

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