Understanding And Standing Up For Creditors’ Rights
When business loans are or may soon be in default, it is important to discern and work around both creditors’ and debtors’ rights. Especially when the stakes are high, legal counsel is essential for creditors as well as debtors. This discussion focuses on creditors’ rights.
Aaronson Schantz Beiley P.A. is a resource for small to midsize businesses in and around the Miami area. In particular, lenders and businesses that are creditors often need the services that our legal team has to offer. Established more than 40 years ago, the firm has a strong reputation. Business owners and managers are welcome to inquire about loan workouts and other means of resolving outstanding business debts.
Debt Collection Resolutions In The Best Interests Of Your Business
Many debtors, both individuals and businesses, run into trouble for a variety of reasons and are ultimately unable to repay per the terms of a business loan. With awareness of the possibility of business bankruptcy, wise creditors help debtors pursue alternative resolutions, such as:
- Loan workout agreements
- Forbearance negotiations
- Collection actions through state and federal courts
Our business law attorneys assist in negotiating, documenting and solidifying plans for debt resolutions that help debtors avoid bankruptcy. They also advise on related issues, including the following:
- Lender liability defense
- Seizure of collateral associated with secured transactions
- Creditor priority claims in business bankruptcy proceedings
The right of creditors to collect debts is clear, but awareness of that fact is sometimes not enough. Naturally, collecting on business debts is the expected outcome of a business loan arrangement, even when a debtor’s ability to pay is in question. However, economic realities give many lenders and other creditors reasons to meet debtors halfway to prevent total losses through bankruptcy or insolvency.
To Resolve Business Debts, Contact Our Creditors’ Rights Attorneys
Our lawyers are known for their ability to help small to midsize businesses get through hard times. This sometimes means representing lenders and creditors.
To schedule a consultation regarding business loan difficulties on either side of the equation, call Aaronson Schantz Beiley P.A. at 786-600-6940 or complete our online inquiry form. We are confident that you will be pleased by how easy it is to reach us by phone.
Aaronson Schantz Beiley P.A., is a debt relief agency. We help businesses and individuals file for bankruptcy relief under the Bankruptcy Code.