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Bankruptcy Print

At Running, Wise & Ford, we represent commercial banks, trustees, real estate investment trusts, and other lenders that have made secured and unsecured loans to businesses that later experience economic difficulties. Our services range from negotiating out-of-court work-outs to litigating or resolving an array of issues prior to or during bankruptcy proceedings.

We also work closely with businesses facing serious financial issues and develop strategies to effectively resolve the challenges. These strategies include working out-of-court with various creditor and customer constituents, preparing and filing for Chapter 11 relief and addressing all pertinent issues across multiple legal disciplines. We believe it is critical to develop a well thought out and realistic plan as early in the process as possible. This approach creates realistic expectations of the parties to a work-out or bankruptcy and maximizes the opportunity to be successful and minimize costs.

We also act as debtor's counsel in personal bankruptcies. We are equally able to apply our expertise in commercial and secured transactions and bankruptcy and reorganization law to further the interests of debtors and bankruptcy trustees and bring to the process an understanding of the cost/benefit analysis that drives each business decision. In representing chapter 11 debtors we apply a philosophy of moving the case to confirmation quickly in order to minimize costs and disruption to our clients' lives. From the preparation of the bankruptcy petition to the confirmation and consummation of the plan of reorganization, we utilize the skills and knowledge gleaned from years of representation of both debtors and creditors to attain this goal.

For more information on our Bankruptcy Law practice contact us at 231-946-2700 or 1-800-968-8577.

 

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Articles

  • Court Considers Chapter 7 Trustee's Ability to Sell LLC Property in Sole Members Bankruptcy

    Michael I. Conlon

    A bankruptcy trustee has the right to liquidate any property of a Chapter 7 Debtor subject to claimed exemptions and liens. Does this right extend to a membership interest in an LLC where the sole member files bankruptcy? The Bankruptcy Court for the Western District of Michigan addressed this issue recently in In re Hopkins, Bankr. W.D. Mich. (Feb. 2, 2012).

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Four Locations Serving Northern Michigan

326 E. State Street
Traverse City, Michigan 49684
Phone: 231-946-2700
Toll free: 800-968-8577

 

201 State Street
Charlevoix, MI 49720
Phone: 231-547-8990


207 Main Street
Frankfort, Michigan 49635
Phone: 231-352-9526
440 West Main Street, Suite A
Gaylord, MI 49735
Phone: 989-732-1152
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