Bankruptcy and Creditors’ Rights

Creditors whose debtors or business partners have sought protection under the bankruptcy law very often must navigate the legally complex, deadline-driven, form-filled venue which is the United States Bankruptcy Court. Cooke Clancy & Gruenthal LLP helps its clients protect their rights and maximize their potential for recovery in bankruptcy by preparing and filing the necessary Proofs of Claim, seeking relief from the automatic stay, examining the debtors to uncover additional assets, and identifying pre-bankruptcy transactions by debtors that may be avoided as fraudulent or preferential, thus maximizing the assets available to pay claims. The firm’s attorneys have successfully challenged bad faith bankruptcy filings in order to obtain a dismissal of the case. In addition, they assist clients in advance where a potential bankruptcy is of concern, to structure transactions in order to provide a legitimate advantage over other creditors in the event of a bankruptcy.

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