Texas Bankruptcy Attorney Represents Creditors
Lawyer advocates for creditors' rights in the Dallas area
While bankruptcy laws work for the good of individuals who have fallen on hard times, they can be harsh on creditors who are forced to absorb a loss that helps finance the debtor’s fresh start. However, if you’ve received a notice of bankruptcy by someone who owes you money, don’t assume that you have no rights. At H. R. Chapin, Attorney & Counselor, PLLC, I help creditors throughout Texas assert their rights in Chapter 7, 11 and 13 bankruptcy proceedings. I know the bankruptcy code and can advise you on the steps to take to improve your chances of being repaid.
Texas advocate explains what the automatic stay means for creditors
An automatic stay is an injunction by the bankruptcy court that immediately prohibits creditors from seeking repayment of money owned by a debtor. It doesn’t mean you’re out of luck, but it does mean any efforts to recover what you are owed must be directed toward the court. I assist creditors in reviewing a debtor’s bankruptcy petition to see precisely where opportunities exist for the creditor to advance his claim. I am careful in meeting the court deadlines, which come quickly and require detailed responses.
Skilled adviser helps clients deal with secured versus unsecured debt
A loan that is secured by collateral gives the creditor a lien against a debtor’s asset. This is a huge advantage in bankruptcy court, where secured creditors go to the head of the line. Often the issue is cut and dried, but where there is ambiguity about whether a debt is secured or unsecured, a skilled attorney can make the difference to a creditor’s chances of recovery.
Experienced lawyer holds debtors to the honesty requirement
The U.S. Supreme Court has stated that the Bankruptcy Code “gives to the honest but unfortunate debtor...a new opportunity in life…." If the debtor took on the debt in bad faith or through some kind of dishonest manipulation, he can’t discharge that debt. Likewise, if you believe there is misrepresentation or fraud in the debtor’s bankruptcy petition, such as attempting to hide assets, you must bring those objections to the court. An experienced bankruptcy attorney can present a clear and convincing argument to advance your cause.
Contact a Texas bankruptcy attorney representing creditors' rights
If you delay asserting your rights to collect on payments due you, you can easily lose them. Call H. R. Chapin, Attorney & Counselor, PLLC in Dallas today at 214-504-3789 or contact me online to schedule a free consultation with a bankruptcy attorney dedicated to helping creditors.