Bankruptcy Workouts
Business Bankruptcy Group - Experienced Attorneys
Whether your business is a debtor, a secured creditor or unsecured creditor in a bankruptcy proceeding, the bankruptcy process can have multiple legal challenges.
At Sullivan, Ward, Asher & Patton, we represent debtors and creditors in Michigan Illinois, and across the country. In addition to Michigan and Illinois, many of our attorneys are also admitted to practice in other states, including New York, Maryland, California, Arizona, Ohio, Florida and North Carolina, as well as the District of Columbia.
Our objective is to gain a successful result and ease your business's difficulties.
Bankruptcy Workout Lawyers ∙ Contact Us
A bankruptcy workout affects creditors and debtors. Our law firm has represented clients in both situations.
Advising and representing debtors: As part of the process, our attorneys will analyze the debtor's financial condition and recommend either an out-of-court settlement or some type of court proceeding such as a state assignment for the benefit of creditors, a trust security agreement or federal bankruptcy proceeding (Chapter 7, Chapter 11, or Chapter 13).
Often all that will be required is negotiating a forbearance agreement with secured creditors and similar arrangements with unsecured creditors and working through those agreements with the debtor and creditor(s).
Advising and representing creditors: Our lawyers represent secured creditors and unsecured creditors and participate in negotiations and various types of court and out-of-court meetings and proceedings. Our work for your business can include negotiation and drafting of forbearance agreements, commencing and concluding foreclosures of both real and personal property, and other actions including litigation to collect debts due the client.
The attorneys at Sullivan, Ward, Asher & Patton know, understand and appreciate what it takes to run a business.
The Sullivan, Ward, Asher & Patton law firm was founded in 1951. Because we have experience in the business world, we understand the pain that financial problems can bring to both debtors and creditors. That experience — plus our legal knowledge — will serve you and your business well.
Southfield, Michigan: 248-746-0700 ∙ Chicago, Illinois: 312-214-3175
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
