Commercial Bankruptcy, Insolvency, Restructuring, and Bankruptcy Litigation
Boutique Law Firm
BANKRUPTCY CREDITOR REPRESENTATION
Secured creditors, Landlord, Suppliers, Vendors, Unsecured Creditors, Asset Purchasers
Secured Creditors
At Ashford Schael we understand the unique interests, rights and remedies of secured creditors in bankruptcy cases, including protecting and preserving the value of collateral, seeking relief from the automatic stay, and obtaining adequate protection payments. Secured creditors such as banks, financial institutions, equipment financiers, need an experienced bankruptcy attorney to protect their interests and maximize return on their claims. We represent secured creditors in all phases of bankruptcy cases from pre-bankruptcy negotiations through post-confirmation compliance with Chapter 11 plans.
At Ashford Schael, secured creditors get individualized attention to their matters and prompt easy access to their attorney. Our size allows us to provide cost effective representation without sacrificing quality or bankruptcy expertise.
If your borrower has defaulted on its secured loan or filed bankruptcy, call Ashford Schael at 908-232-5566 or contact us to schedule a free consultation.
Landlords
Ashford Schael represents commercial landlords in Chapter 11 and Chapter 7 bankruptcy cases. Commercial landlords have enhanced rights and protection in bankruptcy cases and debtors are required to continue to pay rent and perform obligations under a commercial lease after a bankruptcy is filed. Prior to assuming a commercial lease, debtors are required to cure all monetary defaults, compensate for actual pecuniary losses and provide adequate assurance of future performance. Ashford Schael protects and enforces these rights for landlords both with consensual arrangements with debtors or trustees and enforcement proceedings in the Bankruptcy Court.
If you are a commercial landlord with a tenant filing bankruptcy call Ashford Schael at 908-232-5566 or contact us to schedule a free consultation.
Vendors and Suppliers
Ashford Schael represents suppliers and vendors in Chapter 11 and Chapter 7 bankruptcy cases. Suppliers of goods have certain enhanced rights and remedies in bankruptcy cases. Suppliers who delivered goods to a debtor within certain time periods prior to the debtor filing for bankruptcy may be entitled to an enhanced claim with priority payment over other unsecured creditors. Suppliers may also be able to seek reclamation of goods in shipment when the bankruptcy case is filed. As a supplier it is important to immediately contact an experienced bankruptcy attorney if your customer is delinquent or shows other signs of credit risk.
Ashford Schael also councils businesses on best practices for managing extension of credit to financial distressed customers to avoid or limit exposure to preferential claw backs of pre-bankruptcy payments..
If you are a supplier or vendor and your customer is delinquent or has filed bankruptcy call Ashford Schael now at 908-232-5566 or contact us to schedule a free consultation.
Unsecured Creditors
Ashford Schael represents unsecured creditors in Chapter 11 and Chapter 7 bankruptcy cases. No matter how large or small the amount of the claim, Ashford Schael has the experience and flexibility to respond to client's changing needs. The representation might begin with filing a proof of claim, monitoring the progress of the bankruptcy case and likelihood of distribution, and providing information. As the bankruptcy case progresses, the client might require more extensive legal representation, including defense of a preference or fraudulent transfer action.
If you are an unsecured creditor of a Chapter 11 or Chapter 7 debtor call Ashford Schael now at 908-232-5566 or contact us to schedule a free consultation.