Delaware Chapter 7 Bankruptcy Firm

Commercial bankruptcy lawyers in Delaware

Commercial bankruptcy attorneys at Werb & Sullivan provide seasoned legal assistance and litigation to creditors and debtors in commercial bankruptcy cases involving Chapter 7 in Delaware.

When dealing with a company going out of business, creditors often face significant challenges. Knowledge of creditors rights and remedies under the guidance of our skilled commercial bankruptcy lawyers in Delaware assists creditors in protecting their interests in a Chapter 7 liquidation bankruptcy.

Once a debtor files bankruptcy, an attorney can file a proof of claim on behalf of the creditor and advise on the advantages or need for filing other claims or motions through adversary proceedings.

Chapter 7 - Creditor representation

The firm’s bankruptcy attorneys counsel and represent creditors of secured and unsecured debt in legal services such as:

Examination of a Chapter 7 bankruptcy petition, loans, and schedules
Filing proof of claims and secured proof of claims with the U.S. Bankruptcy Court
Reaffirmation for execution when collateral is claimed exempt
Motions of relief from stay
Objections to exemptions
Challenging asset valuation
Representation in 341 Creditors Meeting
Determination of validity or priority of a lien

Approval for sale of an interest or co-owned property
Revocation of a discharge
Determination if a debt is dischargeable
Injunction
Subordination of an allowed claim or interest
Declaratory judgments
Determination of debtor's wrongful conduct that bars discharge
Representation in hearings, examinations, and meetings/proceedings relevant to the bankruptcy case
Preference and avoidance
Fraudulent conveyance

Chapter 7 - Recovering lien property or payment

The competition of multiple stakeholders—all vying to protect their own interests—makes experienced legal counsel necessary to maximize potential recovery in a Chapter 7 proceeding. For example, if a creditor has a lien on collateral or goods purchased, various factors come into play for recovering the property or payment due, such as:

Property value at current market rates
Property designation as exempt or non-exempt
Evidence of perfection
Involuntary bankruptcy proceedings

Involuntary bankruptcy strategies

Our Delaware bankruptcy law firm represents both debtors and creditors in involuntary bankruptcy proceedings brought to force a business into Chapter 7 or Chapter 11. Debtors in involuntary bankruptcy usually have less time for financial planning and often require effective defense strategies to protect their business interests. We devise defense strategies for such bankruptcies and also provide debtor defense in preference, avoidance, and fraudulent conveyance proceedings.

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