Business & Corporate

Bankruptcy & Creditor Rights

According to American Bankruptcy Institute statistics, the past 10 years have seen an average of 45,000 business bankruptcy filings per year. And in today’s economy it only seems logical that this number is heading in one troubling direction: up.

Lashly & Baer, P.C. provides sound legal services regarding bankruptcy to national, regional, and local commercial lenders, creditors committees and asset purchasers. Our experience covers inventory financing, working capital credit lines and asset-based loan transactions.

It’s also important to note that recently the Bankruptcy Code was substantially changed. This was due to the recent enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act. But it’s reassuring to know that our attorneys have the experience, skill and up to date knowledge to provide you with the highest level of representation.

Related practice areas:

We regularly handle the following legal issues for our clients:

  • Adequate protection hearings
  • Assessment of lenders’ options in bankruptcy proceedings
  • Avoidance powers of trustee and bankruptcy
  • Cash collateral hearings
  • Confirmation plans
  • Creditors committees
  • Debt reaffirmation
  • Debtor and creditor rights
  • Debtor-in-possession plans
  • Discharge ability of debts
  • Enforceable protective provisions
  • Examination of debtor
  • Exemptions
  • Foreclosure proceedings
  • Liquidations
  • Loan restructuring
  • Loan workouts
  • Non-bankruptcy alternatives
  • Out-of-court workout solutions
  • Post confirmation issues
  • Pre-bankruptcy planning
  • Preferences
  • Pre-packaged plans
  • Pre-petition issues
  • Priorities among conflicting security interests
  • Proofs of claim
  • Receivership transactions
  • Reclamation proceedings
  • Relief from automatic stay
  • Reorganization plans
  • Repossessions
  • Restructuring
  • Secured creditors rights
  • Unsecured creditors rights
  • Voluntary and involuntary petitions
  • Wage earner plans
  • Working capital and fixed asset financings
  • Workout situations
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