What happens when you receive a notice that one of your customers has filed for Chapter 11 Bankruptcy? What happens when you receive a letter demanding payment from a bankrupt customer that owes you money? When you receive a Notice of a Chapter 11 Bankruptcy Proceeding or a demand for payment, it is important to act promptly and appropriately to preserve your right to payment, or to protect yourself or your company against recovery proceedings in the Bankruptcy Court. Chapter 11 Bankruptcy is a reorganization proceeding in the Bankruptcy Court which usually is done for companies, but can also apply to individuals who are above the debt limits for Chapter 13.
Chapter 11 bankruptcy cases can interrupt business operations for creditors, even when you have not done anything outside the ordinary course of your own business operations. The Bankruptcy Code requires the Chapter 11 Debtor to pursue many causes of action against creditors. As a creditor, you may have valid defenses to the claims asserted by the Chapter 11 Debtor. As a creditor in Chapter 11 Bankruptcy, it is important to maximize the amount of recovery against the debtor, while also minimizing the amount that you may be required to pay into the Chapter 11 bankruptcy estate.
Levy Law Offices represents creditors in Chapter 11 proceedings for the following types of proceedings:
- Objections to Confirmation
- Objections to Claims
- Filing of Proofs of Claim
- Defense of Preference Adversary Proceedings
- Defense of Fraudulent Conveyance Adversary Proceedings
- Defense of Collection of Accounts Receivable
- Representation at the § 341 Meeting of Creditors
- Motions for Relief From the Automatic Stay
- Defense of Motions for Sanctions for Violation of the Automatic Stay
Levy Law Offices represents the following types of creditors in Chapter 11 Bankruptcy cases:
- Vendors
- Construction Companies
- Contractors and Subcontractors (such as roofers, dry wall installers, carpet installers, flooring installers, electricians, plumbers, heating and air conditioning companies, and painters)
- Materialmen
- Privately-Owned Companies, Sole Proprietorships, and Individuals
- Lenders
- Commercial Landlords
- Lessors
- Defendants in Adversary Proceedings
Mr. Levy previously worked for a Bankruptcy Trustee and gained extensive experience in bankruptcy litigation through his representation of the Trustee. Mr. Levy has litigated many cases to completion before the Bankruptcy Court.
If you have received a notice from a party in a bankruptcy case or have received a Complaint or Summons, you should contact an attorney immediately to protect your legal interests.
For a detailed evaluation of your case, please call Levy Law Offices for an initial consultation. There is a $220.00 fee for the initial consultation. Levy Law Offices represents individuals and businesses in bankruptcy litigation on an hourly basis, which is currently $220.00 per hour.