Pennsylvania Bankruptcy Petitions and Claims
We understand the U.S. Bankruptcy Code and have experience representing both debtors and creditors in business and consumer cases including filings for bankruptcy protection and claims under Chapter 7, Chapter 11, or Chapter 13.
Debtors – Individuals and Businesses
For debtors facing such financial pressures as mortgage foreclosure, auto repossession, or the mounting burden of medical or credit card bills, we explore whether Chapter 7 bankruptcy or a Chapter 13 debt repayment plan will help resolve the problems. Our goal is the automatic stay of bankruptcy, a halt to virtually all debt collection phone calls and legal proceedings, and a plan to avoid future problems under a Chapter 7 or Chapter 13 discharge.
We also file bankruptcy petitions on behalf of businesses with cash flow difficulties relating to poor market conditions, commercial lease problems, tax arrearages, or uninsured liability. Whether you need bankruptcy relief to sustain a period of reorganization with new partners or capital, or as a means of dissolving an unprofitable business, our firm can present your options clearly and help you achieve your goals.
Creditors – Individuals and Businesses
If you or your company holds a substantial claim against a debtor in bankruptcy, or someone who is about to file a petition for bankruptcy relief, our experience with the proof and resolution of claims in bankruptcy can help you in the following situations:
- Filing a formal proof of claim
- Obtaining relief from the automatic stay to enforce a security interest
- Negotiating cash collateral agreements and adequate protection terms
- Claims involving unperformed contracts or unexpired leases
- Resolving disputes as to the priority of competing security interests
- Defending your claim against challenges such as preferences or perfection problems
Reilly Wolfson has considerable experience advising debtors and creditors on issues relating to insolvency, debt relief, or the enforcement of claims. For more information, contact us.
We are a debt relief agency. We help people file for relief under the United States Bankruptcy Code.