Creditors' Rights
This is the age of debt, default, & bankruptcy. Almost every business of any size has loans. The loans are with banks, venture capitalists, private consortiums, and the like. Loans are not bad but they can and do become bad. Businesses get into financial trouble, whether from mismanagement, competition, inefficiency, corporate raiding, or economic conditions. You are a commercial loan officer and one of your borrowers that you lent to is in trouble. The borrower stops making payments on your loan and ignores your phone calls. Push comes to shove. Your borrower continues to lose money and threatens Chapter 11 Bankruptcy Reorganization. You know that all-too-often a business in Chapter 11 actually loses more of your money and fritters away your collateral. You feel powerless. What do you do?
You find a tough and experienced lawyer and law firm who understand the ins and outs of bankruptcy law, commercial law, creditors rights, and putting bad companies out of business when necessary. And companies who waste and lose must be put out of business. You as a lender have rights and your lawyer must fight for them. Many banks sell their bad debt portfolios at a discount. The buyers of these debts need a lawyer who knows how to use the legal system to both protect and collect their loans.
These tough economic times demand top-notch and experienced legal representation and advice. When you have to fight to collect, you want your legal team by your side. You deserve and should insist on no less.