Present in all commercial transactions is the possibility that a client’s customer or another party to a client’s contract may experience financial difficulties or may become involved in bankruptcy or insolvency proceedings. Attorneys in the Creditors’ Rights Group have substantial experience in advising clients in the planning, structuring and documentation of commercial transactions so as to protect the clients financial interest, whenever possible, should a customer’s bankruptcy or insolvency occur.
The Creditors’ Rights Group of Meyer, Unkovic & Scott engages in a broad spectrum of debtor and creditor relations. That experience includes strategic planning in anticipation of bankruptcy, administering cases under the Bankruptcy Code, informal workouts and restructurings, acquisition of assets from distressed businesses and Chapter 11 debtors, doing business with Chapter 11 debtors, state law receiverships, liquidations, and counseling successful businesses with their troubled accounts, including defending preferential transfer actions.
Any type of business can face financial challenges. Certainly, which side of the relationship you’re on affects your approach. We work hard to provide cost-effective, practical advice to our clients.
We represent clients in a variety of matters including:
Assumption and rejection of executory contracts and unexpired leases
In an ideal world, companies are paid on time and in full. Unfortunately, customers and vendors often pay late, make a partial payment - or worse yet,...
