Finding Attainable Solutions For Financial Insolvency Issues
Unmanageable debt can pose significant financial obstacles for individuals and businesses alike. For more than 20 years, Magee, Goldstein, Lasky and Sayers PC has found attainable solutions for debtors, creditors and trustees involved in financially distressed situations. With two decades of hands-on experience, we understand insolvency issues from all sides of the credit equation.
Crafting Workable Plans For Debt Repayment
For business and individuals with mounting debt, financial solvency can quickly take a downturn, leaving you to consider financial restructuring and bankruptcy options. In addition to providing financial counseling, we can assist with:
- Discharge of financial obligations through Chapter 7
- Chapter 13 debt repayment plans
- Chapter 11 business reorganizations
The bankruptcy and financial restructuring process often includes the sale of some or all your assets and a court-approved repayment plan. However, our firm has been widely recognized for our ability to craft out-of-court workouts that achieve your goals without the expense and delay associated with court proceedings.
Securing Repayment For Creditors
Our attorneys are thoroughly familiar with the creditor’s rights side of consumer bankruptcy matters. We have handled thousands of cases for consumer creditors who have secured claims. Whether the situation requires an aggressive approach resulting in repossession of a creditor’s collateral, or a negotiated approach resulting in a structured payment plan, our attorneys and staff move quickly and decisively to represent your interests. When possible, we encourage an open line of communication to help the individual or business resolve their financial problems consensually with you.
In distress, there is often opportunity. Our firm helps sophisticated debtors, creditors and investors use the bankruptcy process to buy and sell distressed businesses. The successful seller disposes of assets in an orderly manner under court supervision. The successful purchaser acquires assets free and clear of most liens, claims, interests and other encumbrances. After the court approves the sale, the debtor usually concludes its affairs under a court-approved plan for the distribution of sale proceeds. The seller takes over the operating assets, preserving the value of the entity.
Contact Us To Discuss Your Options
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.