Practicing Business and Bankruptcy Law in Salisbury Since 1993
In a teetering economy, even the soundest companies face potential issues if customers and other debtors are unable to pay their bills.
With an office in Salisbury, Maryland, The Law Firm of Ann Shaw, P.A. has helped provide area firms with a broad range of business-related legal services, including:
- Business planning
- Asset management and protection
- Review financing proposals
- Reviewing and drafting contracts
- The avoidance of and strategic management of business bankruptcy
What Are Your Options When A Customer Files For Bankruptcy?
When a customer that owes substantial monies to your business files for bankruptcy, it is important to fully explore all of your collection options. Your company's ability to make a substantial recovery typically hinges on two factors. The first factor is whether the debtor filed chapter 11 or chapter 7. The second factor is whether the debt is secured or unsecured. If the debt is unsecured and the debtor filed chapter 7, it may be difficult for your company to make a substantial recovery. However, if the debtor filed chapter 11, or if the debt is secured, your business will have more options. When representing creditors, our firm can:
- File a proof of claim to protect your company's rights
- Represent your interests as a creditor in bankruptcy proceedings
- Undertake negotiations to get advantageous payment terms
Contact an Experienced Attorney
Don't commit to the time and expense of driving all the way to the Western Shore. Contact us with questions regarding business law, collections and solvency, and for truly convenient legal services; we are located one block from the Salisbury courthouse. To contact a lawyer for experienced legal service close to home, call 410-202-8029 or 866-986-2096.
