Bankruptcy


In Chapter 7 or 11 bankruptcies the firm customarily represents lenders and secured creditors to preserve or establish the leaders’ lien priority in the bankruptcies. Usually the firm is retained to defend a claim by the trustee in an adversary proceeding to declare the lien void, possibly because of fraud, or to relegate the lien to a position subordinate to the claims of creditors asserting the transaction was a fraudulent conveyance by the debtor. In instances where the lender’s mortgage was not recorded prior to the Chapter 11 bankruptcy filing, when feasible, we work with the debtor and other creditors on a plan of reorganization that restores the lien priority.