You do not have to look too deep into the headlines to see that times are tough for many individuals, families and businesses. Individuals and families are declaring bankruptcy, Wisconsin is leading the nation in farm bankruptcies, and renters face eviction as the moratorium comes to a close.
It is easy to lose sight of what this means for creditors, including parts suppliers, commercial and residential landlords, equipment manufacturers and others who are tied to these individuals and businesses filing for bankruptcy.
You cannot afford to sit back and let the process takes its course if you are a creditor. Doing so allows you to be harmed by things like preferential transfers, fraudulent conveyances or other creditors rushing to seize whatever assets they can.
Having an attorney to guide you through the bankruptcy process as a creditor can bring order and predictability to the process. It will also ensure that you have a strong voice in the bankruptcy proceedings and your interests are not swept out of the way. You have held up your end of the deal and should not be left in financial ruin due to the financial mistakes or misfortunes of others.
With help from a knowledgeable attorney, you can be positioned to continue receiving payments on what you are owed in a restructuring rather than being left with the scraps left after a liquidation.
Put an Experienced Attorney on Your Side
We can assist you with all aspects of your situation, from your debtor’s initial filing through the discharge of their remaining debts. Contact us to speak with an attorney about your options as a creditor.