Rachel L. Wolock, a Member in Dickinson Wright’s Detroit office, focuses her practice on banking and finance law. Rachel has counseled lenders in a wide range of loan transactions, including asset-based credit facilities, single-bank middle-market credit facilities, syndicated credit facilities, participations, and inter-creditor agreements. She regularly represents lenders in loan origination and workout matters in various industries, including automotive, food, retail, transportation and logistics, golf courses, and gas. She also has experience with transactions involving Ex-Im Bank working capital guarantees, foreign credit insurance, and Michigan State Small Business Credit Initiative programs. Rachel has been recognized by Chambers USA as one of America's Leading Lawyers for Business.
Education & Credentials
Education
University of Michigan
B.A., 2003- summa cum laude
University of Notre Dame Law School
J.D., 2007- cum laude
Bar Admission
Acknowledgements
- Michigan Super Lawyers®
- "Rising Star," Banking, 2012-2017
- Chambers USA: America's Leading Lawyers for Business
- Band 2
- Banking and Finance, 2024
Representative Clients
- Bank of America Business Capital
- CIBC Bank USA
- Fifth Third Bank, National Association
- The Huntington National Bank
- KeyBank National Association
- PNC Bank, National Association
- PNC Business Credit
- Webster Bank, National Association
- Wells Fargo Bank, National Association
- Pathward, National Association
Prominent Assignments
Counsel to lenders in a wide range of loan transactions including asset-based credit facilities, single-bank middle-market credit facilities, syndicated credit facilities, participations, and intercreditor agreements, with an emphasis on automotive lending and automotive distressed situations.
Counsel to lenders in workouts, loan modifications, loan sales, deeds-in-lieu of foreclosure, and foreclosures of real estate secured loans, including negotiating forbearance agreements, disposition of collateral pursuant to Article 9 of the Uniform Commercial Code, orderly wind-downs, and representation in bankruptcy court proceedings.
Ms. Wolock regularly represents lenders in loan origination and workout matters in a range of industries, including automotive, food, retail, transportation and logistics, golf courses, and petroleum and gas stations. Ms. Wolock has experience with transactions involving Ex-Im Bank working capital guarantees, foreign credit insurance, and Michigan State Small Business Credit Initiative programs.
Professional Involvement
- Turnaround Management Association
- International Women's Insolvency & Restructuring Confederation
Publications/Presentations
- Speaker, “The Return of the Workout: Workouts from the Lender’s Perspective,” Webinar, June 2020
- Co-Author, "Managing Uncertainty Through Financial Crisis Requires Proactive Guidance," Dickinson Wright Client Alert, March 2020
- “Clear-Channel” decision could pose challenges in a 363-friendly world, Michigan Lawyers Weekly, August 31, 2009