Receiving a notice from a Bankruptcy Court that someone who owes you money is filing for bankruptcy is frustrating, at best. Secured creditors need to protect their collateral, but maneuvering through the bankruptcy process is often a difficult endeavor. Certain unsecured creditors get priority treatment, which means that their claims must be paid in full before other general unsecured claims if the creditor asserts its right to the priority treatment. Additionally, some steps must be taken in order to obtain any payment, no matter how small, and some steps can be taken to obtain a better percentage payout. PLDR can guide you and your company through the bankruptcy process and help you obtain a better result based on your particular position with the debtor.
Among the numerous services that PLDR provides to help creditors collect on delinquent debts are the following:
PLDR’s clients include commercial lenders, trade creditors, judgment creditors, landlords, tenants, and anyone else who is in a relationship with a person or business that has filed a bankruptcy case. We are well equipped to handle all aspects of creditor representation. When appropriate, we work out sensible deals with debtors, trustees, and other parties in a bankruptcy case. If a reasonable settlement cannot be reached, PLDR stands ready to litigate matters in Bankruptcy Court to protect our clients and their financial interests.