Shumway Van’s Bankruptcy Practice Group focuses on providing services to individuals and businesses who experience issues related to economically difficult circumstances. Whether the financial troubles are associated with the client or an individual or company indebted to the client, members of this practice group are ready to provide counseling, workout and litigation services.
The members of our Bankruptcy Practice Group include skilled commercial and bankruptcy litigators, in addition to attorneys with corporate, financing and transactional backgrounds with experience in workouts and restructurings. Our Bankruptcy Practice Group generally provides services in the following areas:
- Representing individuals with the filing of Chapter 7, 11 or 13 bankruptcies.
- Representing financially troubled businesses in Chapter 11 reorganization proceedings.
- Representing secured and unsecured creditors in bankruptcy proceedings.
- Assisting clients in the acquisition of assets from insolvent companies and/or bankruptcy trustees.
- Obtaining receivers for businesses or assets to protect lenders from the dissipation of the value associated with collateral for a loan.
- Representing lenders and other creditors in collection actions and other creditor remedy proceedings.
- Bankruptcy litigation
Often, clients find themselves involved in litigation issues in the bankruptcy courts. Whether they are defendants in preference or fraudulent conveyance cases or are making every effort to establish their own business by acquiring the assets of a bankruptcy estate, our Bankruptcy Practice Group has extensive experience in the substantive areas of bankruptcy law.
Core Bankruptcy Solutions.
A primary focus of the Bankruptcy Practice Group includes the representation of debtors, creditors and various other parties in bankruptcy cases. Each of our Utah bankruptcy lawyers have specialized understanding and abilities which are needed to advise and successfully represent clients.
In the present business and economic environment, there is rarely a Utah bankruptcy attorney that is not often asked to suggest to his or her clients techniques and strategies, prior to and after bankruptcy, to avoid litigation expenses and solve financial concerns. Our attorneys strive to prevent the need for bankruptcy litigation by suggesting feasible workout strategies and participating in the negotiation of such strategies. Many of our clients have found that a workout is significantly less expensive over the long run and facilitates productivity by reducing the emotional distress associated with litigation.
Each Utah bankruptcy attorney that works within the Bankruptcy Practice Group regularly interacts with other practice groups to ensure that we are providing complete and timely assistance to each of our bankruptcy clients. Often, the bankruptcy lawyers in Utah are asked by members of the business, real estate and transactional practice groups for suggestions about concerns associated with avoiding a fraudulent or preferential conveyance in connection with a pending transaction or recommendations about how to properly make transfers for financially distressed clients. Our bankruptcy attorneys also frequently participate in the funding and closing of real estate transactions to provide proactive counseling to clients regarding the effects of financial troubles with developers, owners, tenants, or borrowers.