Creditor Rights

We routinely represent banks and credit unions in debt collection, foreclosure of mortgages, and creditor rights in bankruptcy proceedings including Chapters 7, 11, 12, and 13.

Bankruptcy laws are designed to provide a last-resort “fresh start” to debtors who are unable to pay their obligations. The federal bankruptcy law has been revised a number of times as Congress attempts to achieve a balance between the interests of debtors and the interests of creditors.

While the bankruptcy policy favors debtors, certain protections for creditors are provided to protect secured interests and to prevent fraud and abuse. Any creditor who receives a notice of bankruptcy from one of its debtors should consult with an attorney to determine the creditor’s options