Collecting Money for Bankruptcy Creditors
Philadelphia Bankruptcy Creditor’s Lawyer
Asserting the Rights of Creditors
If you or your company has provided a product or service to someone who files for bankruptcy before paying you back, you may be left to wonder whether you will be able to get paid. The answer to that question is very complex, but with the help of an experienced lawyer, you may be able to recover the money you are owed.
At Alfred Abel Law Offices, we use our knowledge and experience to assist creditors in making claims to the bankruptcy estates of their debtors. Our founding attorney, Alfred Abel, has 30 years of experience handling bankruptcy cases, and our firm uses his knowledge and skill to help creditors collect money and debts in difficult situations.
To speak with a Montgomery County bankruptcy attorney about creditors’ rights issues, call 215.517.8300 or 610.940.1635. You can also contact our law firm online.
Serving a Wide Range of Bankruptcy Creditors
Our firm assists many different types of creditors in bankruptcy litigation and money collection efforts, including:
- Leasing companies
- Out-of-state businesses
- Business partners
- Debt purchasers
- Guarantors and sureties
- Lenders, banks, and institutions
- Former spouses
Secured creditors and unsecured creditors are in very different positions once a debtor files for Chapter 7 debt liquidation or Chapter 13 debt restructuring. We will help you understand your position and advise you of your options.
What Is Bankruptcy Trustee Litigation?
When a debtor files for bankruptcy, a trustee is appointed to locate and secure the debtor’s assets and then recover as much money as possible to satisfy creditors’ claims. Creditors can take an active role in these cases in a few ways, including:
- Preference actions: When a debtor chooses to pay certain creditors right before filing for bankruptcy, other more worthy creditors can be left out in the cold. A preference action is a way to get the money back and pay it to the correct creditors.
- Fraudulent transfers: If a debtor has transferred title to assets, like homes or businesses, just before filing bankruptcy, it may be possible to have the transaction undone so that the asset is returned to the debtor’s estate.
Bankruptcy litigation is in many ways similar to commercial litigation and business litigation. There are added layers of complexity, such as locating hidden assets. Finding assets of a debtor can be difficult, and that is why we work with forensic accountants and other experts whenever necessary.
Contact A Philadelphia Collections Attorney Today
If you are a creditor whose debtor has filed bankruptcy, you have rights. Our law firm can help you assert them. To arrange a consultation, call 215.517.8300 or 610.940.1635. You can also contact our law offices online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.