Bankruptcy

Businesses periodically must deal with the bankruptcy of one of their debtors. A debtor’s bankruptcy can implicate a substantial account receivable that severely impacts cash flow, and, upon initial review, appear to offer little hope of recovering a debt owed. However, there are ways creditors can protect themselves in the event of a debtor’s bankruptcy.

Our attorneys handle bankruptcy matters on behalf of creditors, including landlords, trade creditors; secured and unsecured lenders; construction owners, contractors, subcontractors, and suppliers; lienholders and other creditors. We handle matters in Chapter 7, 11, and 13 bankruptcy in all Tennessee, Mississippi and Arkansas Districts, including defense of preferences and other claw-back claims.

Proactive Representation

The Whitlock Firm, PLC can also help businesses enact plans to mitigate the effects of debtor bankruptcy beforehand. We are experienced in setting up security interests, mortgages/deeds of trust, and other options to ensure that our clients have the highest priority available in the event a debtor’s bankruptcy. Bankruptcy is a scary and obscure process for a creditor, but our attorneys are skilled at navigating the bankruptcy process and educating clients.

Range of Services

Although not intended as a comprehensive list, our creditors’ rights and bankruptcy law practice includes work in the following areas:

• Relief from the Automatic Stay;
• Filing Proofs of Claim;
• Enforcement of Judgments;
• Administrative Claims;
• Mortgages and Deeds of Trust; and
• Enforcement of Statutory Liens and Secured Interests