Bankruptcy & Creditors' Rights
When individuals and businesses encounter bankruptcy and creditors' rights issues, it is usually not under the best of circumstances. This area of law is complicated, often involves an overlap of state and federal laws and rules, and can require the involvement of attorneys from other practice areas, such as Labor & Employment, Tax Planning & Representation, Business Transactions, and Litigation. This complexity requires professionals that understand the law, the process, and the "big picture" in order to provide guidance on the most advantageous path forward.
The attorneys in MacDonald Illig's Bankruptcy & Creditor's Rights Practice Group have a broad range of experience in these areas, ranging from complex chapter 11 bankruptcies to state court collection litigation and foreclosure actions. This experience allows our attorneys to represent and advise financial institutions in their efforts to protect and enforce their rights, as well as corporate debtors attempting to reorganize operations or liquidate their assets.Related Services
Sophisticated Counsel in Challenging Circumstances
In bankruptcy and insolvency matters, our attorneys represent corporate debtors, lenders, unsecured creditors, chapter 7 and 11 trustees, utilities, purchasers, and other parties in interest. MacDonald Illig also represents clients' interests under all chapters of the bankruptcy code - chapter 7 (creditor only), chapter 13 (creditor only), chapter 11 (creditor and corporate debtor), and chapter 12 (creditor only). Our Bankruptcy & Creditors' Rights Practice Group regularly advises clients on a range of bankruptcy-related matters including, bankruptcy planning, cash collateral and adequate protection disputes, secured financing, restructuring, bankruptcy mediation, purchasing assets out of bankruptcy, relief from stay, objections to discharge and dischargeability of debts, avoidance actions such as preferences and fraudulent conveyances, and plan confirmation disputes.
In state court matters, MacDonald Illig represents corporate debtors, lenders, and judgment creditors. This representation can also involve a wide range of matters including consumer and commercial debt collections, consumer and commercial foreclosure actions, out-of-court workouts, receivership matters, and UCC Article 9 sales.
The Right Team in Critical Economic Situations
No matter how complex the situation, our Bankruptcy & Creditor's Rights attorneys pride themselves on being able to explain the process and our clients' options in plain English, while working closely with our clients to obtain the best possible result.