Corporate Debt and Bankruptcy
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.
Range of Services
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.
Meet Our Attorneys
“Bray & Long far exceeded my expectations. Their solid advice and dogged persistence against a highly worthy adversary yielded great results in a timely manner. I would highly recommend Bray & Long for their unparalleled expertise and their sound guidance and advice.”
Cary Harrison, CEO