Reliability, and confidence, jointly create a belief in the ability of someone or organization to responsibly manage on behalf of someone else, and to us, this is a hallmark of the trust we have in Jeff Long and the Bray & Long team.
Patty and Tommy Norman

Creditor/Debtor Disputes

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
  • Contracts
  • Judgments
  • 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.