Secured creditors face a unique set of challenges and opportunities in bankruptcy proceedings. At Crain Caton & James, we assist secured lenders, financial institutions, and lienholders in protecting and enforcing their rights when a debtor files for bankruptcy.
Our attorneys handle the full range of secured creditor issues, including preparing and filing proofs of claim, obtaining relief from the automatic stay, foreclosing on collateral, defending the priority of liens, and negotiating reaffirmation agreements. We also counsel clients on post-default remedies and the risks associated with continued financing or forbearance agreements during bankruptcy.
When litigation is necessary, we aggressively pursue actions to protect our clients’ collateral interests, whether through stay relief motions, contested plan confirmation hearings, or adversary proceedings. Our goal is always to maximize recoveries while minimizing costs, delays, and litigation risks. We recognize that swift action and thorough knowledge of the Bankruptcy Code, UCC, and applicable state laws are critical to a successful outcome for secured creditors.
