Bankruptcy

Champ Law's reorganization, creditors' rights and bankruptcy department frequently represents creditor committees, trustees in bankruptcy, debtors and both secured and unsecured creditors in bankruptcy courts and other state and federal courts. They offer extensive experience defending and prosecuting:

  • Preference Actions
  • Fradulent Conveyances
  • Lien Discharges
  • Tax Liability Claims
  • Non-Dischargeability Actions

Current and past clients include Fortune 500 corporations, publicly and closely held corporations, partnerships and trusts, bankruptcy trustees, creditor committees, and individuals.

They also consult with management and creditors in order to attempt to consensually restructure loans, settle trade debt, and renegotiate leases and financing packages with lenders. The firm is well versed in handling assignments for the benefit of creditors, trust mortgages, receiverships and nonbankruptcy consensual workout plans. They can also offer counsel in replevin and repossession actions, attachments, deeds in lieu of foreclosure and representation of lending institutions.

Chapter 7 Bankruptcy

Individuals who are overwhelmed with personal debt may opt to file a Chapter 7 bankruptcy. As your counselor, our legal team can help you determine if this is the best course of action or if there is a better way to turn things around. We can also relieve you of those embarrassing and hurtful collection calls and help put you on the path of financial health.

Financial Institution Representation

• Construction project loans - Regardless of the sophistication of your financing commitments, we will provide the appropriate construction loan documentation and expertise for your deals, including projects involving multi-income, historical, and new market tax credits.

• Purchase money financing - You need to document and secure the financing of various business assets through a perfected first priority purchase money security interest, whether as a standalone initial credit facility, or in conjunction with existing credit to third party secured lenders. We can help.

• Asset based loans - Whether you are providing asset based financing to fund ongoing working capital needs, machinery and equipment, or commercial real estate, we can assist you with properly documenting and securing the necessary credit facilities.

• Capital equipment leasing - When your financing commitment includes a capital equipment leasing component, we can provide you with the tools to successfully complete this portion of your overall loan package.

• Workouts, including dispositions of businesses and asset portfolios - Lenders sometimes encounter borrowers with troubled credit. We can provide you with the necessary tools to complete a successful workout, and where necessary, a timely liquidation of both real and personal property collateral.

• Regulatory and compliance matters - Sometimes you need timely answers to specific questions about regulatory and compliance questions in connection with your lending practices. We'll help clear up your confusion.