Bankruptcy
Whether you are an individual or business organization, bankruptcy may be an option if you are facing unexpected financial circumstances. Changes in the economy, unforeseen liabilities or loss of employment may necessitate a bankruptcy filing. The protections afforded under the federal bankruptcy statutes may provide a business or an individual with the opportunity to restructure debt or reorganize operations.
At MM&R, we have an experienced team of bankruptcy attorneys with diverse backgrounds, including a Chapter 7 Panel Trustee for the United States Bankruptcy Court for the Southern District of Illinois. Our attorneys understand the bankruptcy system and the various alternatives which may be available to address a client’s critical financial needs. Representing both creditors and debtors in a variety of matters, including fraudulent conveyance actions, dischargeability actions, foreclosures, loan workouts, loan documentation and regulatory compliance issues, they bring the experience and skills necessary to deal with trade creditors, bank creditors and the Internal Revenue Service.
When combined with the firm’s comprehensive tax and business law backgrounds, MM&R’s bankruptcy attorneys can provide an effective plan to reorganize a business to allow it to work through a time of financial crisis and to reemerge as a stronger business operation. Our attorneys have extensive experience working with both debtors and creditors to optimize their companies’ financial position during organizational restructuring or downsizing. Bankruptcy services include:
- Chapter 7, 11, 12 and 13 Representation
- Business Reorganizations
- Tax Resolution
- Representation of Creditors and Debtors
- Preferential Transfer Recovery and Defense
- Preparation of Reaffirmation Agreements
- Proof of Claim Negotiations
- Filing of Claims and Recovery of Assets
- Objections to Discharge
Our attorneys are frequent lecturers on bankruptcy issues and serve on various bankruptcy-related committees, including the Bankruptcy Association of Southern Illinois, the Commercial, Banking and Bankruptcy Section Council of the Illinois State Bar Association and the National Association of Bankruptcy Trustees.
