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SWEELY HOLDINGS, LLC v. SUNTRUST BANK

Record No. 171165.

820 S.E.2d 596 (2018)

SWEELY HOLDINGS, LLC v. SUNTRUST BANK, et al.

Supreme Court of Virginia.

November 21, 2018.

Attorney(s) appearing for the Case

Tamara L. Tucker (Tucker Law Firm, on briefs), Charlottesville, for appellant.

Walter R. Kirkman (Frank A. Thomas, III; Baker, Donelson, Bearman, Caldwell & Berkowitz, Orange, on brief), for appellees.

PRESENT: Lemons, C.J., Mims, McClanahan, Powell, Kelsey, and McCullough, JJ., and Russell, S.J.

SunTrust Bank ("SunTrust") made secured loans totaling $18.3 million to Sweely Holdings, LLC ("Sweely") and later sought to recover collateral when Sweely defaulted and threatened bankruptcy. The parties negotiated a Master Loan Modification and Forbearance Agreement ("Workout Agreement") that provided Sweely...

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