Dalton and Tomich white logo
Dalton and Tomich white logo

Business Law Attorneys for

Banking and Financial Institutions

Practical and actionable advice rooted in a deep understanding of your business.

The business law attorneys of Dalton & Tomich have over eighty years of collective experience successfully representing banks, credit unions, mortgage companies, individual creditors, court-appointed receivers, and bankruptcy trustees in a wide range of transactions and litigation. The Banking and Financial Institutions team is prepared to offer you extraordinary and timely legal advice on a wide range of topics, including:

Commercial Loan Transactions

  • Document Review
  • Loan Origination
  • Risk Assessment
  • Loan Closing
  • Lien Perfection

Regulatory Advice

Compliance with state and federal regulations, including:

  • FDCPA
  • FCRA
  • ECOA
  • TILA

Defensive Litigation

Financial institutions occasionally face complaints or counterclaims that require a strong defense. Our defensive litigation experience in and out of the courtroom on behalf of similar institutions allows us to provide extraordinary representation to defend against lender liability, consumer protection, lien priority, and other claims.

Enforcement Litigation

Even the most conservative lenders encounter borrowers who fail to comply with contracts, whether payment defaults, breaches of covenants, or other material terms. Our collections litigation experience enables us to obtain recovery effectively and efficiently through the following:

  • Pre-suit demand
  • All stages of litigation, including:
  • Complaints
  • Discovery
  • Motion Practice
  • Trials
  • Judgments
  • Appeals
  • Judgment enforcement

Loan workouts

Many loan defaults can be worked out prior to or during litigation. Our attorneys have extensive experience partnering with special assets groups in successful negotiations, forbearance agreements, and change-in-terms agreements.

Foreclosures

Our team has the expertise to efficiently and effectively service defaults involving real property collateral, including:

  • Judicial and Non-Judicial Foreclosures
  • Commercial and Residential Real Property

Creditor bankruptcy

Our experience representing creditors, debtors, and trustees in all stages of bankruptcy, adversary proceedings, and contested matters enables us to maximize your options and potential recovery from debtors who owe you money. 

From the Blog

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Federal Court Holds that the CTA is Unconstitutional, but the Ruling’s Effect...

Many business owners in Michigan, and across the country, have been gearing up to comply with the new Corporate Transparency Act (the “CTA”), a federal law which took effect at…
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Proposed Legislation is bad for Michigan's Economy

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Changing Vacancy into Prosperity: Revitalizing Unused Office Space

The COVID-19 Pandemic brought about many changes to workplace out of necessity. However, many businesses are rethinking the traditional office space after seeing the results of full-time work from home.…
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Modify your Loan Docs to Protect Guaranty Enforcement

I’ve written and reviewed many demand letters, filed complaints, and argued motions against guarantors based on “an unlimited and unconditional guaranty” of the underlying indebtedness.  More often than not, the…
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Another Successful Workout

I’ve represented creditors in litigation for over thirty years, and I’ve been involved in numerous commercial workouts.  When a lender is paid in full and the business survives, it’s a…
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Five Things to Consider When Forming a Non-Profit Entity

The process of creating a legal entity involves much more than merely filing paperwork with the Secretary of State. Filling out the filing paperwork should be the final step after…
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Want to Sell your Business in 2024? 5 Key Questions for Michigan...

If you’re considering a sale of your Michigan small business in 2024, it’s time to get moving with the necessary steps required to market, negotiate and close a transaction. In…
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Michigan Small Business Owners: Avoid These Common Employment Law Mistakes and Misunderstanding

As a small business owner in Michigan, you undoubtedly embarked on your entrepreneurial journey to build a business driven by passion, not to entangle yourself in legal complexities. Yet, as…
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The Corporate Transparency Act Likely Applies to your Small to Midsize Business

The Corporate Transparency Act (“CTA”) took effect on January 1, 2024, and it likely applies to your small to midsize business. See the video below for details.  You can learn…
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Please note that this website may be considered attorney advertising in some states. Prior results described on this site do not guarantee similar outcomes in future cases or transactions.

Having worked with Zana for 10 years, I can attest to her professionalism, her pragmatism, and most importantly, her integrity. I always get sound, thoughtful advice and guidance. From routine filings & updates to the highly unexpected, Zana’s there to help, always responding quickly and with care.
Drew PatrickOwner & President, Skidmore Studio
We highly recommend Dalton & Tomich! As a start-up firm that has rapidly grown across the country in under 5 years, Dalton & Tomich has been integral to our sound, credible, and excellent in standard infrastructure. As we’ve scaled, Zana has been right by our side to offer counsel, advise, and ensure we are operating with the utmost legal standard. We have become a model for sound legal operations (in addition to our firm’s actual mission), with clients coming to us for advice on the legal operations front. Dalton & Tomich is part of our organizational infrastructure and we constantly refer our clients to them.
Chanel HamptonFounder & CEO, Strategic Community Partners
As a professional photographer in the wedding industry, reliable communication is very important to me. Noel was very knowledgeable and quick to respond to all of my questions and not just that, he also gave me suggestions when reviewing and updating my contract. The entire process was seamless and he took the time to explain all the details afterwards. I would highly recommend Noel for all your legal matters! Great experience!
Luis HermosilloProfessional Photographer, Northern Illinois
Zana’s expert guidance has helped us to move forward with clarity and confidence in our business endeavors. She helped us create a new business entity, and a few years later to navigate a tricky buyout—all with a clear path forward for business growth. Her calm demeanor and sound advice is also much appreciated when smaller office issues arise.
Meredith SimpsonPrincipal, Group eX
Noel’s guidance was much appreciated when redrafting my client contract. He was very professional, respectful of my time and potential costs, and was sincere with his advice. I trusted that he had the highest good for my business in mind. I will seek out his legal knowledge/counsel in the future for sure.
Morgan FedroHealth Coach, WellTours LLC, Oak Forest, IL
Zana’s expertise in employee law has helped us refine and build a stronger operations and hiring strategy at my company. As a business owner of a small and fast growing company, I very much appreciate Zana’s ability to always step into any situation quickly and guide us to navigate effectively.
Amanda LewanCo-Founder & CEO, Bamboo Detroit
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