Creditors' Rights
When your business is owed money by another business or individual, legal representation and advice is critically important in several steps of the bankruptcy process:
- Filing your proof of claim.
- Obtaining relief from automatic stays.
- Representing creditors as plaintiffs in adversary proceedings.
- Collecting from the debtor through state court litigation.
- Objecting to confirmation of the debtor’s reorganization plan.
Lanier Ford attorneys are experienced in such issues as priority and classification of claims, preferences, fraudulent conveyances, involuntary petitions, post-petition financing, and dischargeability objections. They also have extensive experience in real estate and other types of workouts, including pre- and post-judgment attachments.
Because litigation is sometimes neither the most efficient nor least expensive approach for recovering an asset in default, a negotiated, voluntary settlement or workout may better protect a client’s portfolio. Workouts can vary from traditional economic restructurings or collateral recovery to liquidation workouts or prepackaged bankruptcy plans. They may also include reorganization and refinancing arrangements.
But when negotiations do not yield the desired results, litigation is often required to obtain the ultimate solution. Our attorneys represents creditors in the prosecution and defense of bankruptcy litigation for corporate, real estate, technology, and other clients in state and federal courts.
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