Bray & Long consistently provides a high level of responsiveness and competence in legal matters related to new business development that has positively impacted the growth of our company.
Businesses periodically must deal with the bankruptcy of one of their debtors. A debtor’s bankruptcy can implicate a substantial account receivable that severely impacts cash flow, and, upon initial review, appear to offer little hope of recovering a debt owed. However, there are ways creditors can protect themselves in the event of a debtor’s bankruptcy.
Our attorneys handle bankruptcy matters on behalf of creditors, including trade creditors; secured and unsecured lenders; construction owners, contractors, subcontractors, and suppliers; lienholders and other creditors. We handle matters in Chapter 7, 11, and 13 bankruptcy in all North Carolina Districts, including defense of preferences and other claw-back claims.
Bray & Long, PLLC can also help businesses enact plans to mitigate the effects of debtor bankruptcy beforehand. We are experienced in setting up security interests, mortgages/deeds of trust, and other options to ensure that our clients have the highest priority available in the event a debtor’s bankruptcy. Bankruptcy is a scary and obscure process for a creditor, but our attorneys are skilled at navigating the bankruptcy process and educating clients.
Although not intended as a comprehensive list, our creditors’ rights and bankruptcy law practice includes work in the following areas:
- Administrative Claims
- Mechanics’ Liens and Payment Bond Claims
- Mortgages and Deeds of Trust
- Personal Injury Claims
- Preference and other Claw-Back Defense
- Relief from Stay
- Enforcement of other Statutory Liens
- UCC Article 9 Security Interests
Bray & Long, PLLC has expertise in dozens of industry sectors, including: construction; technology; retail; manufacturing; telecommunications; broadcasting; marketing; sports; entertainment; lending; real estate and professional services.
Many of the firm’s clients formerly engaged some of the largest firms in the country to protect their interest in case of a debtor’s bankruptcy, and have since found that the type of service offered within our firm’s boutique setting is better suited to their unique needs.