Updates
July 2016
The "Devil's Dictionary" is a quick-reference guide for commercial lenders and other restructuring professionals. In this series, we highlight many of the buzz words found in the Dictionary and used in today's bankruptcy arena.

2004 EXAM: An examination of a witness taken under oath under Bankruptcy Rule 2004. Lender representatives are sometimes subjected to the indignities of this process as creditors search for weaknesses in the creditor’s collateral perfection or for causes of action against the lender.

Synonym: Fishing Expedition

See also in the app: Bankruptcy Code §§ 343, 344, and Fifth Amendment – Self Incrimination.

"The Devil's Dictionary" is an excellent reference tool that reflects the collective wisdom of its four authors, Brett AndersJim BirdDavid Ferguson and Dan Flanigan, who have a combined total of more than 110 years working in the forefront of real estate and other commercial finance, loan enforcement, financial restructuring and bankruptcy law.