Today, however, bankruptcy has evolved into a procedure in which a person or business may preserve their remaining assets, reorganize and continue on or obtain a fresh-start in life. The four codes most pertinent to business consist of Chapter 7 or ordinary bankruptcy, Chapter 11, also known as reorganization, Chapter 12, a special code dealing exclusively with family farmer debt adjustment, and Chapter 13 or Adjustment of Debts. In all, bankruptcy can be a tool that provides many people with the help and financial safety that they need.
We have also helped a local small business collect a significant account receivable, through the filing of a lawsuit. We have seen just about everything and strive to minimize surprises and find solutions.
We listen to and collaborate with our clients, helping them understand their circumstances, evaluate their options, and determine and carry out the least expensive and most practical resolution to their financial issues. We are a debt relief agency helping people file for bankruptcy relief under the United States Bankruptcy Code.
Culp How We Helped When my business failed, creditors swiftly litigated to enforce my personal guarantee while debtors took advantage of my position by delaying payments and making hardship claims of their own.
I've never been under such stress. Hiring Heather to deal with both my creditors and debtors was the best move I could have made.
Her knowledge of the law and her demeanor were a Godsend — just what I needed. She represented me in court, and counseled me on my rights as a debtor and how to keep personal property from being liquidated to satisfy creditors.
She intervened when creditors attempted to bully me. Just as important, she was cool when I was overwrought. If she hadn't gone into law, her personality would have made her a perfect emergency room doctor.Bankruptcy Debtor/Creditor Relations What We Do We assist individuals, families, and small business owners who are struggling to manage debts and finances, as well as those who need assistance collecting what is owed to them.
A debt payment made to a creditor in the day period before a debtor files bankruptcy (or within one year if the creditor was an insider) that gives the creditor more than the creditor would receive in the debtor's chapter 7 case.
Start studying Chapter 16 Creditor-Debtor Relations and Bankruptcy. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Attorney Allan D. Sarver represents companies and individuals on Bankruptcy and Debtor-Creditor relations. He provides highly personalized legal services in all aspects of bankruptcy (chapters 7, 11, and 13) as well as the prosecution and defense of .
If D files for bankruptcy can D use § (f) to protect her pet dog Lexis? If J was not an unsecured creditor but had received a judgment against D, could D use § 22(f) to protect her pet dog Lexis? Debtor Creditor Relations - Fall Buy Debtor and Creditor Relations (Vols.
9 - 11, West's® Legal Forms) at Legal Solutions from Thomson Reuters. Get free shipping on law books.