litigation lawyers handle a variety of bankruptcy cases, representing both debtors and creditors. Here are some common types of bankruptcy cases that these lawyers handle
Chapter 7 Bankruptcy
Also known as liquidation bankruptcy, Chapter 7 involves the complete liquidation of a debtor’s assets to repay creditors. Bankruptcy litigation lawyers assist debtors in filing for Chapter 7 bankruptcy and guide them through the process, ensuring that their rights are protected.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy is primarily used by businesses to reorganize their debts and continue operations. Bankruptcy litigation lawyers help businesses develop a reorganization plan, negotiate with creditors, and represent them in court proceedings.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is designed for individuals with a regular income who want to repay their debts over time. Bankruptcy litigation lawyers assist individuals in creating a repayment plan, negotiating with creditors, and representing them in court hearings.
Creditor Representation
Bankruptcy litigation lawyers also represent creditors in bankruptcy cases. They help creditors protect their rights, navigate the bankruptcy process, and maximize their chances of recovering the debts owed to them.
Adversary Proceedings
Bankruptcy litigation lawyers handle adversary proceedings, which are separate lawsuits filed within a bankruptcy case. These proceedings may involve disputes over fraudulent transfers, preferential payments, objections to discharge, or other issues that arise during the bankruptcy process.
Bankruptcy Appeals
In some cases, bankruptcy litigation lawyers handle appeals of bankruptcy court decisions. They represent clients in appellate courts, arguing for a reversal or modification of the lower court’s decision.
Bankruptcy Fraud
Bankruptcy litigation lawyers also handle cases involving bankruptcy fraud. They investigate fraudulent activities, such as hiding assets, providing false information, or abusing the bankruptcy system, and represent clients in criminal or civil proceedings related to bankruptcy fraud.
In summary, bankruptcy litigation lawyers handle a wide range of bankruptcy cases, including Chapter 7, Chapter 11, and Chapter 13 bankruptcies, creditor representation, adversary proceedings, bankruptcy appeals, and cases involving bankruptcy fraud.