CREDITORS' RIGHTS IN BANKRUPTCY

Lang Baker & Klain represents construction project owners, general contractors, subcontractors and construction suppliers in collections matters and in cases in which their debtors file for bankruptcy protection. We also are experienced in representing secured and unsecured commercial lenders.

When a company files for bankruptcy protection and tries to discharge or reorganize its debts, the result can be devastating for its creditors. An automatic stay in bankruptcy can suspend your collection efforts, but it does not mean the end of your claim.

Lang Baker & Klain attorneys have represented many creditors, in construction and other industries, that:

• seek relief from the automatic stay, and

• face preference claims arising from payments received from a debtor prior to the debtor’s filing of a bankruptcy petition.

Resources

• Replacement Checks, Preference Actions, and the “New Value” Defense in Bankruptcy

• Defending Against a Preference Claim

Collections. If it is necessary to sue to recover on lien claims, bond claims, unsecured commercial receivables or retail receivables, or any other amount due, Lang Baker & Klain’s collection attorneys have the Arizona trial experience to effectively litigate most collection claims.

Resources

• Do-It-Yourself Collections

• Getting Paid: Special Section for Contractors, Subcontractors and Construction Suppliers