When a creditor receives a bankruptcy notice, the company may just write off the debt and try to move on with other paying tenants and clients. In many instances, creditors don’t understand that they have rights and legal options as to their claim against the debtor.
The creditor attorneys at Murphy Karber Cordier PLC in Phoenix want you to know that creditors in bankruptcy are able to receive a portion of the distribution from the bankruptcy estate in accordance with the priority of their claim. Our attorneys also can represent you and your company in bankruptcy court on issues regarding the debtor’s plan in Chapters 11, 12, and 13 bankruptcy proceedings, as well as the liquidation of the debtor’s non-exempt assets and the approved payments from the assets of the estate by the bankruptcy judge.
Deadlines are strictly enforced in bankruptcy cases, so you should speak with an MKC creditor attorney as soon as possible. At Murphy Karber Cordier PLC in Phoenix, our experienced attorneys provide practical guidance to businesses involved with creditor issues and bankruptcy matters. We focus on clients directly involved in construction, real estate development, and other businesses throughout Arizona.