Commercial Bankruptcy

We know how important it is to have your commercial bankruptcy matters managed by dedicated and experienced bankruptcy legal professionals. The Commercial Bankruptcy Group at Weltman, Weinberg & Reis Co., LPA does more than just process files to minimize any potential loss in bankruptcies - we take a much more active and aggressive approach. Because of our comprehensive understanding of local and national bankruptcy laws and procedures, and our dedication to bankruptcy as a core practice area, our clients frequently look to us for guidance in determining what actions to take on each file. We represent creditors in both pre-bankruptcy and Chapter 11 bankruptcy filings. Our team acts as your advisor, examining all aspects of each file, in managing the timelines and legal processes to protect your interests in pursuit of maximum recovery.

Our commercial bankruptcy services include, but are not limited to, the following:

• Negotiation of pre-bankruptcy workouts and forbearance agreements
• Negotiation of cash collateral agreements
• Cash collateral agreements
• Adequate protection agreements
• Adversary proceedings including prosecution of non-dischargeable claims, defense of preferences, fraudulent conveyances and lien avoidance actions
• Representation on unsecured creditors' committees
• Review of disclosure statements
• Review of proposed plans

Dedicated Staff

Weltman's Commercial Bankruptcy Group is here to help you manage your legal and recovery needs. We stay directly involved in the bankruptcy process, and are frequently called upon by our clients and conference sponsors to present programs on bankruptcy issues and trends. We maintain daily interaction with judges, trustees, and debtors’ attorneys. We have earned the reputation for being aggressive, professional, and honest, and as a result, can often resolve matters without filing motions or engaging in lengthy proceedings. This enables us to more effectively and efficiently process matters where fraud may be present. 

Comprehensive National Collections + Legal Strategy

Weltman has established a national network of experienced attorneys to handle matters across the U.S. Most often, we process our bankruptcy matters from our centralized processing center, and personally cover courts within our footprint. For matters outside our footprint, we work with local counsel throughout the legal process, to ensure all cases are handled and reported effectively, provising you consistent service and accountability in every state.

Leveraging Firm & Marketplace Technology

Similar to our collection operation, we utilize technology to receive daily updates on bankruptcy filings, and provide reporting and follow-up to our clients. All our files are subject to daily review by automated bankruptcy information services to facilitate the monitoring of case filings, discharges, and dismissals. We are online with PACER, national trustee databases, and all courts — enabling us to automatically review case statuses. Clients can communicate with our staff or transfer files and data via Lenstar and other databases. We integrate our operations with each of our business groups to provide you a seamless approach, no matter if you are seeking a solution in real estate,  or a commercial or consumer matter. From one matter, to thousands of files, we are equipped to handle your bankruptcy matters.

Not Afraid to Say “NO”

Rather than just processing your matters without looking at alternatives, we often come up with ideas or approaches you may not have considered. We leverage our years of experience to formulate a plan we believe is the best way to proceed, always with our client's business interests in mind. We don’t hesitate to make hard decisions, including advocating settlement when the costs outweigh the result. Don’t be surprised if we suggest alternatives that may be more cost-effective to your organization.

For more information or to discuss a legal or business matter, contact someone on our bankruptcy team.