Creditor’s Rights

In cases of bankruptcy or restructuring, it is crucial to have a comprehensive understanding of creditor’s rights, particularly in litigation. This is because even after declaring bankruptcy, a debtor is still liable for any outstanding debts.

Fortunately, there are laws in place to protect the rights of creditors and ensure that they receive repayment. Additionally, there is a structured hierarchy that determines the order in which debts should be repaid.

At Roberts & Obradovic Law Group, our litigation lawyers can provide you with an in-depth understanding of the laws that govern debts, bankruptcy, restructuring, and insolvency. We also offer assistance to creditors seeking to recover the money owed to them.

Creditor’s Rights Services

At Roberts & Obradovic Law Group, debt collection is a specialized type of litigation that we handle. Our expertise encompasses various areas of consumer and commercial debt, such as:

• Loans
• Mortgages
• Guarantees
• Commercial leases
• Lines of credit
• Sales contracts
• Payments for goods
• Payment defaults

We provide:

• Assistance in reorganizing or restructuring debt repayments
• Assistance in recovering secured and unsecured loans
• Counsel for those who are going through insolvency or bankruptcy
• Representation for creditors with regard to disagreements and discrepancies in debt repayment

Claim Deadlines

One commonly overlooked but avoidable mistake regarding bankruptcy is the failure to adhere to deadlines. After the start of bankruptcy proceedings, there is typically a deadline of a few months for filing a claim. In addition, there may be additional deadlines for specific requests and protections.

If a claim is not filed on time, there is a risk of receiving less payment than expected, longer wait times for payment, or even not being paid at all. At Roberts & Obradovic Law Group, we recognize the time-sensitive nature of these claims and ensure that our litigation lawyers submit your claims and required documentation promptly.

What You Get from Working with Roberts & Obradovic

Creditors may find it frustrating to request loan repayment during bankruptcy proceedings. However, having a knowledgeable and experienced litigation lawyer who understands the laws related to bankruptcy and insolvency can simplify the process of seeking repayment.

At Roberts & Obradovic Law Group, our team of litigation lawyers reviews the conditions surrounding each case to ensure the most favorable and cost-effective outcome for our clients. Whether you are dealing with a consumer proposal or a bankruptcy application, we are committed to guiding and supporting you throughout the entire process. If you would like know how our law firm can help, contact us or call us at (647) 724-5179 today.