Asserting Creditor Interests In Business Receiverships
Small businesses often secure debt relief through alternatives to bankruptcy such as through a receivership action, which is frequently a more efficient process than filing for bankruptcy. Creditors must act quickly to assert their interests in the estate and obtain relief from the Bankruptcy Court’s automatic stay.
At Strauss, Factor, Laing & Lyons, we offer more than 20 years of experience advocating for creditor rights. We are well-versed in Rhode Island insolvency laws and are adept at guiding creditors through the receivership process. We work relentlessly to maximize recovery for creditors. Contact Strauss, Factor, Laing & Lyons, to discuss our creditors’ rights services.
Providence-Based Lawyers Guiding Creditors Through Receiverships
Located in Providence, Rhode Island, our law firm is equipped to handle creditor claims throughout Rhode Island. We recognize that many of our clients are unfamiliar with the receivership process. Our attorneys counsel clients on asserting their interests in recovering secured collateral and enforcing unsecured debt obligations — even when an automatic stay has been ordered.
When debtors deal with business insolvency through a receivership action, we work diligently to get the automatic stay lifted and obtain court permission to recapture collateral before the receivership process is complete.
It is important for creditors to recognize that even if a business is in the midst of filing for debt relief through a receivership, there are still options to enforce debt collection and recover secured collateral. However, because receivership cases move much quicker than bankruptcy proceedings, time is of the essence. The sooner you contact an experienced receivership lawyer, the better your chances are in asserting your interests in the estate.
Contact Our Knowledgeable Receivership Lawyers
Our attorneys at Strauss, Factor, Laing & Lyons, understand the methods available to creditors to recover collateral or debt repayment. We are regularly trusted by lenders throughout Rhode Island to represent their interests in receiverships. Speak with an established and experienced attorney by calling 401-400-4416 or send us a brief summary of your issue and contact information and we will get back to you.