Creditors’ Rights

Boodell & Domanskis, LLC possesses extensive experience advising clients in all aspects of creditors’ rights and insolvency law. Our attorneys have represented creditors of all sizes, ranging from national banks and large corporations to small businesses and individuals.

We have handled matters across practice specializations and routinely draw upon the firm’s considerable and comprehensive knowledge of real estate, secured transactions, and litigation to identify how to best address our clients’ needs.

Attorneys in this practice group handle every facet of creditors’ rights efficiently including:

Troubled Loan Workouts
The workout specialists at B&D provide practical solutions that reflect clients’ legal and financial positions when resolving troubled loans. We have represented secured creditors in structuring and documenting commercial loans as well as restructuring those loans when in distress through out-of-court workouts. B&D attorneys handle anything from simply resetting or modifying the terms and conditions of loan documents to preparing forbearance agreements to completely restructuring the loan. With our knowledge of the bankruptcy laws, we can highlight and address “pre-bankruptcy” issues and provide advice that minimizes bankruptcy risks.

Enforcement of Creditors’ Rights
When enforcing our clients’ rights and remedies as secured creditors, including the foreclosure of their collateral and collection of money owed, our attorneys act quickly and efficiently. B&D attorneys represent a wide range of creditors, such as commercial lenders and equipment finance companies, regularly handling all aspects of real estate foreclosure proceedings, replevin actions, and the foreclosure of security interests in personal property (both judicial and non-judicial) under Article 9 of the Uniform Commercial Code.

The Creditors’ Rights Practice Group also represents numerous companies and individuals seeking to collect unsecured debts. With our thorough understanding of the legal procedures, we provide practical advice at each step of the process to ensure as efficient a collection process as possible. Once our clients obtain judgments, our experience in handling supplementary proceedings to examine the debtors’ assets and income allows us to promptly take steps to seek the turnover of assets.

When loans go critically bad, and borrowers attempt to hide their assets, B&D’s experience means we are prepared to execute the necessary procedures to get those assets back. We have substantial understanding in the most effective ways to bring actions to avoid and to recover the fraudulent transfer of assets.

Bankruptcy Court Representation
When a debtor seeks protection in bankruptcy court, the attorneys in our Creditors’ Rights Practice Group continue to assist our clients in all aspects of the bankruptcy proceedings.  B&D attorneys assist creditors in seeking relief from the automatic stay, enforcing rights in cash collateral and adequate protection, collecting administrative and post-petition claims, defending preference actions, negotiating or objecting to bankruptcy plans of reorganization, and even seeking dismissal of the bankruptcy case or conversion to another chapter of the Bankruptcy Code.

For more information on Boodell & Domanskis, LLC’s Creditors’ Rights practice, please contact Andrew J. Abrams
Back to Top