Overview
At McCarthy Lebit, we bring an aggressive, but measured, approach to obtaining payments from debtors. Our creditors rights lawyers have extensive experience and undertake to maximize debt recovery on behalf of lenders and creditors through all phases of the bankruptcy proceedings, including pre-bankruptcy workouts and negotiations concerning the use of cash collateral.
We also have expertise in representing debtors and troubled business owners in Chapter 11 and Chapter 7 bankruptcy proceedings. Our experience on both sides of these matters allows us to handle loan workouts and debt restructuring solutions that safeguard the debtor’s and creditor’s interest.
When representing creditors, our lawyers take a proactive approach. They stress the importance of thorough documentation so that creditors can negotiate from positions of strength. We also provide collection services and represent clients in the negotiation of loan workouts. We pursue judgments and enforcement measures through state or federal courts. We handle commercial bankruptcy litigation on behalf of creditors, seeking relief from the automatic stay and asserting secured creditor status. Our lawyers also have extensive experience representing receivers who are responsible for corporate liquidations and reorganizations.
When representing debtors, we analyze their operation fully and advise distressed companies on the best course of action. We have extensive experience with forbearance agreements from both the creditor and the debtor side. We have helped clients negotiate with creditors directly to restructure or partially repay loans. When necessary, we pursue lender liability claims against financial institutions. Some clients have surrendered their collateral to avoid litigation or seizure of assets and accounts. Others have filed for commercial bankruptcy protection in an attempt to reorganize. We look for the most sensible and cost-effective solutions that will best serve our client’s best interests.
