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Banking And Creditor’s Rights

Myers & Myers is experienced in protecting and preserving creditors’ rights in bankruptcy proceedings. Our lawyers represent creditors involving all chapters of bankruptcy, including Chapter 7, Chapter 11, and Chapter 13. Our attorneys are licensed to practice in both the Eastern and Western Districts of Michigan. Below is a brief description of common topics concerning creditor rights in bankruptcy. Give us a call at 517-540-1700 or submit a request for an appointment today to find out how we can help you.

Explaining The Consequences Of Bankruptcy

Myers & Myers attorneys anticipate and plan for eventual outcomes. We counsel our clients on bankruptcy timelines and procedures and help our clients understand how the particular bankruptcy affects them. We provide advice and counseling on the automatic freeze implemented on collection activities. Then we take action to protect and preserve our client’s claims.

Protecting Status Of Claims

We carefully review bankruptcy plans and petitions to ensure that our client’s claims are classified correctly and accurately. We also actively monitor cases to be sure our clients are being paid what they are entitled to receive. If a client’s claim is being ignored or mistreated, Myers & Myers will communicate with debtors’ attorneys and trustees and, take all steps necessary to ensure our client’s claims are protected in the proceedings.

Lifting The Stay

Sometimes threats aren’t enough to prompt action, and a client is justified in asking to be removed from the bankruptcy proceedings to resume collections or foreclose on personal or real property. Our attorneys are skilled in obtaining orders to lift the stay through stipulation, default, and hearing.

At Myers & Myers, we can help creditors protect their rights in bankruptcy, including:

  • Advice and counsel of the automatic stay
  • Appeals of bankruptcy court decisions
  • Defending against preferential and fraudulent transfers
  • Filing Proof of Claim
  • Monitoring bankruptcy cases
  • Motions to Lift Stay
  • Objecting to abandonment of property
  • Protecting and preserving rights of creditors
  • Secured debt negotiation
  • Seeking “critical vendor” status in Chapter 11 cases
  • Seeking modifications or denials of plans
  • Unsecured debt status

To speak to an attorney at Myers & Myers, PLLC, concerning creditors’ rights in bankruptcy: fill out the contact form on this site. From our office in Livingston County, centrally located between Lansing and Detroit, we are able to serve clients throughout Michigan.