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Brian Mengel,
Civil Servant
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Reclamation is a process in bankruptcy through which a creditor may obtain goods shipped and delivered to a debtor or may establish an administrative claim with respect to the value of the goods shipped.
Rule in bankruptcy proceedings requiring senior creditors to be paid in full before junior creditors receive any payment.
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Ben Werner,
Student Newspaper Editor
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Bankruptcy litigation involves both the hearing of the bankruptcy petition, as well as actions by creditors who are contesting bankruptcy petitions or attempting to reach debtor funds.
Most notably, bankruptcy laws require that creditors stop all collection efforts against the debtor while the debtor is working out a plan and awaiting a discharge of debts.
A bankruptcy discharge releases the debtor from personal liability and prevents the creditors from taking any further action against the debtor or his property to collect the debts.
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John Fielding,
CEO
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Bankruptcy and Creditors' Rights We represent financial institutions and other business creditors in workouts and bankruptcy proceedings and have an extensive practice in secured claims with creditor exposure ranging from a few thousand to several million dollars.
Bankruptcy is a condition existing as the result of the actual filing of a petition under the Bankruptcy Code which provides procedures for individuals, partnerships, and corporations to satisfy their creditors when they are insolvent.
Bankruptcy Code allows a company that is subject to a Chapter 11 filing to continue to operate its business as usual and provides special protections for any creditors, employees and others who perform services or provide goods to that company after the filing.
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Mike Enlow,
Internet Marketer
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Bankruptcies or Foreclosures - We can locate lenders for homeowners with previous bankruptcies and foreclosures.
Bankruptcy is not to be used to cheat creditors; rather the purpose of Bankruptcy law is to allow honest people a chance to make a new start by getting out from under debt that they cannot repay.
That is because chapter 7 bankruptcy does not eliminate the right of mortgage holders or car loan creditors to take your property to cover your debt.
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Bob Greenberg,
Congressional Candidate
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Bankruptcy law prohibits governmental and private employers from discriminating or taking any adverse action against a debtor because of the bankruptcy filing.
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