If you own a small business, you understand how important trust is. When you sell products or services and send an invoice, you expect to be paid in a timely manner. When your debtor files for Chapter 7, 11 or 13 bankruptcy, the attorneys of Willis Law recommend working quickly to reduce potential losses.
Attorneys Representing Creditors in Bankruptcy Proceedings
Our attorneys are skilled at representing creditors in bankruptcy proceedings. We can perform a complete review of assets, determining whether the debts owed to you are eligible for discharge, seeking appropriate collateral asset liquidation or return, and protecting your rights vis-a-vis other creditors. We will also seek out any hidden assets, misrepresentation or fraud. We are committed to taking action to protect your bottom line.
If you are a creditor with a debtor in bankruptcy, call us at 888-635-3824 to schedule a consultation with an attorney. You may also contact our Kalamazoo lawyers online to schedule an appointment.
Options for Recovering From Debtors Who Are in Bankruptcy
When our attorneys represent creditors in bankruptcy, we work quickly to recover assets that are due to you.
We implement a number of strategies, depending on the situation. We may demonstrate that the debt is exempt from the bankruptcy due to fraud or misrepresentation on the part of the debtor. We may raise objections to the reorganization plan. We may initiate a repossession of leased property.
When a consumer or small business files for bankruptcy, foreclosure is automatically stayed or stopped, in addition to car repossessions and lawsuits by creditors. The debtor under Chapter 13, for example, agrees to repay certain obligations. If those payments are not made or met, our attorneys can file a motion to nullify the automatic stay.
Depending on the circumstances, Willis Law may begin an adversary proceeding within bankruptcy court to pursue recovery of assets.
Issues of Fraud in Bankruptcy Litigation
If a debtor took out a loan without any intention of repaying it, that loan is generally not dischargeable in bankruptcy. We will investigate any possible fraud or misrepresentation stemming from the original contract or sale.
If we uncover information that the debtor intended to accept delivery of the product and never pay you, we may be able to pursue payment outside of bankruptcy court.
Contact a Skilled Bankruptcy Creditor Attorney at Willis Law
At Willis Law, our goal is to protect your interests as a creditor and recover as much money as we can for you.
To schedule a consultation at one of our convenient West Michigan law offices, call us at 269-743-1978, or call toll free at 888-635-3824 or contact us online. One of our experienced lawyers can discuss your concerns and work with you to develop a strategy to maximize recovery of monies that are owed to you.
Michael Willis is the contributing author for this content.