Creditor Bankruptcy

Representation of Creditors in Bankruptcy

When an individual or business files bankruptcy, creditors must determine how the bankruptcy affects their ability to collect money, enforce agreements, protect collateral, or otherwise preserve their legal rights.

Black Ballard McDonald P.C. represents creditors in bankruptcy proceedings. The firm does not represent debtors seeking bankruptcy protection.

Our clients may include banks, lenders, businesses, landlords, secured creditors, judgment creditors, and other parties to whom a debtor owes money or contractual obligations.

Protecting Creditor Rights

Bankruptcy can change the normal procedures available to a creditor for collecting a debt or enforcing an agreement.

Our attorneys review bankruptcy filings and advise creditor clients concerning their position within the bankruptcy proceeding.

• Reviewing bankruptcy petitions and schedules
• Evaluating secured and unsecured claims
• Preparing and filing proofs of claim
• Reviewing proposed treatment of creditor claims
• Addressing contested bankruptcy matters
• Appearing before the bankruptcy court
• Protecting interests in collateral or other property
• Advising creditors concerning their available legal remedies

Secured Creditors

Banks and other secured lenders may have additional concerns when collateral secures the debtor's obligation.

Our experience in banking law, secured property matters, foreclosure, and creditor representation allows the firm to evaluate bankruptcy issues in the context of the underlying lending relationship and collateral.

Bankruptcy proceedings contain specific rules and deadlines. Creditors receiving notice of a bankruptcy should obtain legal advice concerning how the filing affects their particular rights and obligations.