Experienced Bankruptcy Attorneys in North Carolina

If you are a creditor who has a borrower file for bankruptcy, you still have legal rights — rights that we can help you protect. At Crawford & von Keller, PLLC, our North Carolina bankruptcy attorneys safeguard our clients’ rights and are prepared to advise you of your legal options during this difficult time.

Lenders are often left in the lurch when consumers file for bankruptcy, but at Crawford & von Keller, PLLC, our firm focuses solely on matters relating to creditors’ rights. As part of that effort, we place a significant focus on matters relating to bankruptcy proceedings.

Providing Representation And Legal Guidance

The bankruptcy attorneys at Crawford & von Keller, PLLC protect and advocate for creditors’ rights in various types of bankruptcy filings, including:

Chapter 7 Bankruptcy Filing- Chapter 7 is the most common form of bankruptcy, and is also the quickest for consumers. While some forms of debt are not discharged under a Chapter 7 bankruptcy, many types of unsecured debt—such as personal loans, credit card debt, and medical bills—can be. However, creditors typically still have a legal right to challenge a debtor’s right to discharge these debts. Creditors are also entitled to voice their opinion regarding the liquidation of a debtor’s nonexempt assets.

Chapter 11 Bankruptcy Filing- Chapter 11 bankruptcy permits commercial debtors to reorganize their assets and debts. Chapter 11 is most frequently filed by large corporations. It also gives debtors the ability to renegotiate the terms of repayment with creditors so that they don’t have to liquidate or sell assets. Creditors are permitted to monitor a debtor’s financial affairs during Chapter 11 bankruptcy, and also have the right to file a competing repayment plan.

Chapter 13 Bankruptcy – Debtors who file for Chapter 13 bankruptcy usually do so in an attempt to protect their property as they pay off their debts. Chapter 13 allows the debtor to modify their debts in accordance with their current income. Creditors still have a right to monitor the debtor’s financial affairs, obtain payment via the bankruptcy assets, and challenge the discharge of debt.

Whether we are handling periodic motions for relief on your behalf or fighting for your rights during proceedings, our team is ready to provide the vigorous and competent representation you require. Our North Carolina bankruptcy lawyers at Crawford & von Keller, PLLC also have the capacity to undertake matters including mitigation review and loss mitigation.

If you are interested in learning more about our firm and its practice areas, or have questions about your legal rights as a creditor in bankruptcy matters, contact us today by phone or through our online form to schedule a consultation.