Sawin & Shea

MARCH 27, 2024

Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. They believe those declaring bankruptcy are irresponsible or bad with money. What Is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Creditors 52

Fraser

JULY 21, 2020

As the bankruptcy wave continues to build, more businesses are being forced to deal with bankrupt customers. What’s worse—and which often comes as a big surprise—is when a business gets sued by the debtor or bankruptcy trustee seeking to recover payments made by the debtor before the bankruptcy. What is a Preference Lawsuit?

Creditors 56

Creditors Bankruptcy Debtor Construction 56

Fraser

SEPTEMBER 28, 2020

When a company files for bankruptcy and it owes you money, it means you have a “claim” in the debtor’s bankruptcy proceedings. The bankruptcy court will establish a deadline, or “bar date,” by which claims must be filed. A claim, in short, is a right to payment. Do You Have to File a Claim? By When Must You File a Claim?

Bankruptcy 52

Bankruptcy Creditors Debtor Construction 52

Fraser

JUNE 25, 2020

It should come as no surprise, therefore, that the economic downturn has led to a surge in corporate bankruptcy filings. According to data from Epiq Global, 722 companies sought bankruptcy protection around the U.S. For creditors to maximize their recoveries, they must stay informed and take action during a bankruptcy proceeding.

Creditors 72

Creditors Bankruptcy Unsecured Creditor Debtor 72

Collections Law

OCTOBER 22, 2021

What if construction has not started? If the owner declares bankruptcy, you will be in a strong position to collect any money the owner ends up paying out. If you have questions about how to best approach collecting from a delinquent customer, contact our office to discuss your options. Our goal is to help your business succeed.

Mechanic’s Liens 98

Mechanic’s Liens Commercial Collection Construction Foreclosure 98

Hudson Weir

SEPTEMBER 11, 2023

Company assets could include anything from equipment and constructions to vehicles and intellectual property. Naturally, this could have significant implications for directors’ financial situation and in some cases, it leads to bankruptcy. What is a secured loan? Therefore, secured loans tend to be for larger amounts.

Loans 52

Loans Collateral Secured Creditor Unsecured Creditor 52

Taurus Collect

MARCH 5, 2024

Persistent Contact: Debt collectors may contact debtors through phone calls, emails, letters, or even personal visits. Seek Professional Advice: Financial advisors or credit counseling services can offer strategies and negotiations skills to handle debt collections constructively and legally.

Debt collector 52

Debt collector Asset liquidation Debtor Education 52