If you run a business in Atlanta, you expect your customers to pay their debts in a timely fashion. If this fails to occur, your business could suffer. Even if a customer declares bankruptcy, your creditor rights could still entitle you to get compensation.
If you are experiencing trouble with a customer who is not paying their debts that they owe you, you should get in contact with an experienced bankruptcy and creditors’ rights attorney as soon as possible in order to get the compensation you deserve.
At Andersen, Tate & Carr, our experienced team of Georgia bankruptcy and creditors’ rights attorneys know how to legally handle the process of getting your customers to pay their debts. We understand the intricacies of the Georgia laws regarding creditors’ rights in Atlanta, and we will be able to get you the compensation you deserve.
Creditors’ Rights Options for Atlanta Bankruptcy Cases
When stakes are high, a creditor is urged to seek competent legal counsel. Creditors do not have to simply absorb loss without first seeking the opportunity to mitigate and minimize that loss. If you are an Atlanta area business owner looking to get payment on debts that your customers owe you, you have several options — based on your creditors’ rights — on how to get the money that you deserve.
These options include:
- Asserting an “administrative expense” priority claim for goods received by the bankrupt customer within 20 days of a bankruptcy filing.
- Asserting a “reclamation claim” for goods delivered to an insolvent customer within the 45 days before a bankruptcy filing.
- Claiming rights as a “lien holder” with regard to special classifications of supplies.
- Asserting a right to compensation as an “essential supplier” or “critical vendor.”
- Pursuing priority litigation versus other lien holders including secured creditors, taxing authorities and landlords.
- Granting relief from an automatic stay if it can be shown that a debtor is committing fraud or acting in bad faith.
All of these options are good solutions to get compensation from your customers. If it’s becoming particularly difficult to get payment from your customers, the option of taking them to court is always available. No matter what creditors’ rights option you choose, you should have a skilled Georgia creditors’ rights attorney represent you during your legal proceedings.
Contact Our Experienced Team of Georgia Bankruptcy and Creditors’ Rights Attorneys Today
Reach out to Andersen, Tate & Carr today to schedule a consultation regarding a pending or ongoing bankruptcy filed by a client-debtor in Atlanta. Assert your creditors’ rights in the face of risking a total loss through a customer’s bankruptcy. Our team of knowledgeable civil litigation attorneys will work tirelessly to make sure you get the compensation you deserve.
Although we will try to avoid going to court in order to avoid costly legal fees, our attorneys are very skilled in all court proceedings if a case progresses to that point. We have years of experience handling all types of creditors’ rights and bankruptcy cases. Contact our firm today for a free, no-obligation consultation to learn how we can help you.