Navigating the complexities of bankruptcy can be challenging for creditors. At Rosenberg Martin Greenberg, we are dedicated to protecting your rights and ensuring that your interests are prioritized throughout the bankruptcy process. Our team has extensive experience representing secured and unsecured creditors in bankruptcy proceedings, and we are committed to achieving the best possible outcomes for our clients.
Protecting Your Interests in Bankruptcy
When a debtor files for bankruptcy, it can significantly impact your ability to recover outstanding debts. Our team is here to guide you through the intricacies of the bankruptcy process, ensuring that your claims are properly filed and your rights are protected. We provide comprehensive legal services to help you navigate:
- Proofs of Claim: Accurately filing and documenting your claim by court-established deadlines is essential to secure your right to repayment. We ensure that all necessary documentation is submitted promptly and correctly.
- Automatic Stay Relief: Bankruptcy filings trigger an automatic stay, halting all collection activities. We assist in obtaining relief from the automatic stay, allowing you to continue debt recovery efforts.
- Litigating and Negotiating Use of Cash Collateral: When your collateral is accounts receivable or funds on deposit and the debtor seeks authorization to spend the proceeds after filing for bankruptcy, we oppose such use or negotiate terms of use that protect your interests.
- Avoidance Actions: We defend against preference actions and fraudulent transfer actions, which are claims that payments received before the bankruptcy filing must be returned. Our goal is to protect your financial interests and minimize any potential clawbacks.
Strategic Approach to Bankruptcy Cases
Our extensive experience in bankruptcy law allows us to develop strategic approaches tailored to your specific needs. We understand that every case is unique, and we work closely with you to determine the best course of action. Our services include:
- Reorganization Plans: We review and analyze proposed reorganization plans to ensure they are fair and equitable for creditors. Our team advocates for your interests, seeking modifications when necessary to maximize your recovery and opposing confirmation when necessary.
- Asset Liquidation: In Chapter 7 bankruptcy cases, we assist in the liquidation of the debtor's assets to repay creditors. We ensure that the process is conducted transparently and that your claims are afforded the appropriate treatment.
- Debtor-In-Possession (DIP) Financing: In some cases, providing DIP financing can be beneficial. We help structure and negotiate DIP financing arrangements that protect your interests and facilitate the debtor's reorganization.