The bankruptcy process is designed to create various avenues of relief (generally through Chapter 7, 11, 12, and 13 of the United States Bankruptcy Code) for individual and business debtors who are unable to meet their financial obligations. Debtor relief can take the form of asset liquidation, debt reorganization, and debt repayment adjustment. In some cases, creditors receive less than the amount they are owed and are left without recourse. Bankruptcies generally focus on the debtor’s assets, liabilities, and rights, but creditors also have defined rights and interests under the U.S. Bankruptcy Code that protect them from insolvent debtors.

LKG’s team of bankruptcy attorneys and legal support staff have substantial experience in representing both secured and unsecured creditors to safeguard their financial interests in bankruptcy proceedings. Navigating the labyrinthine bankruptcy process as a creditor can be bewildering, but our firm’s knowledge base will guide you through and ensure your rights as a creditor are not ignored.

Debtors often employ a litany of tactics, some unlawful and some sanctioned by the U.S. Bankruptcy Code, to avoid satisfying financial obligations owed to creditors, including disposal or concealment of assets, improper asset exemption claims, and strategic delay of legitimate foreclosure actions. Our firm understands the highly specialized rules and laws of bankruptcy litigation and uses that expertise to eliminate barriers erected by evasive debtors. We work closely with our client creditors to evaluate their interests, understand their business and financial status, identify legal hurdles and solutions, develop a plan of action to maximize their recovery, and implement those strategies to achieve our clients’ goals through cultivation of alternative recovery solutions, negotiation with debtors, and litigation in U.S. Bankruptcy Court.