tips of bankruptcy law
DESCRIPTION
Our bankruptcy lawyers can help you through a Chapter 7 bankruptcy filing and get you back on track with your finances. Slide helpful for who want to go out side from bankruptcy.TRANSCRIPT
About Us
Pels Anderson, LLC specializes in bankruptcy lawyers in Maryland, Virginia and DC. Our bankruptcy lawyers can help you through a Chapter 7 bankruptcy filing and get you back on track with your finances.
http://pallaw.com/
Bankruptcy laws
Bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating to pay their debts or by creating a repayment plan.
http://pallaw.com/
Gateway to Claims
• Bankruptcy law gives tremendous power to Trustees
• Pre-suit discovery under Rule 2004• Liquidating assets provide unlimited
budget to trustees, legal counsel and experts
• National service of process/venue• Private Action Trusts maximize threat
to policy limits
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Types of Claims
CPAs: failed audits, tax advice and preparation Lawyers: PPMs, leveraged buyouts, securities or other client fraud Directors: fiduciary duties, securities fraud, embezzlement? No limit
on any state or federal claim
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Typical Pathway to Claim
• Company files bankruptcy petition in creditor friendly venue
• Trustee appointed• Creditors file claims • Rule 2004 discovery• Substantive Consolidation
of all related parties• Liquidation Plan• Adversary Complaints
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Some Valuable Metrics That You Should Look
• Wage Garnishments• Financial Lawsuits• Debts in unsecured loans• Collection agency issues• Home or Car Repossession• Frozen bank assets
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Settlement
Timing issuesADR• Mediation• ArbitrationEstate liquidation/recoveryBar of third party and creditor claimsClass action• Procedures• Time
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Contact Us
4905 Del Ray Ave., Suite 507 Bethesda, MD 20814 P: (301) 986-5570F: (301) 986-5571
119 North Henry Street Alexandria, VA 22314 P: (703) 684-1897F: (703) 684-1898
http://pallaw.com/
http://pallaw.com/