Legal Representation for Creditors in Business Bankruptcy Proceedings
At Kennedy Berkley, we understand that a bankruptcy filing can significantly impact any business transaction, from the simplest agreements to the most complex negotiations. Our team of seasoned attorneys is proficient in the intricacies of the bankruptcy code, representing creditors, committees of creditors, and business debtors in all facets of reorganization, liquidation, and workout proceedings.
Minimizing Risk and Maximizing Recovery for Our Clients
Our approach is focused on minimizing risk and maximizing recovery for our clients. Whether you're a farmer in Western Kansas, a factory worker in Wichita, or a creditor in a debt collection scenario, our firm's bankruptcy team has the extensive knowledge and resources needed to meet all your requirements. Our firm stands out in Wichita for the breadth and depth of our knowledge and experience in bankruptcy law.
Trusted Legal Counsel with Over 25 Years of Experience
Deciding to file for bankruptcy is a challenging decision, and choosing the right attorney is crucial. Our team, boasting more than 25 years of experience, has provided trusted legal counsel throughout Kansas, with some members bringing over three decades of expertise to the table.
We handle a variety of bankruptcy situations, including:
Chapter 7 Bankruptcy: Often thought of as a liquidation proceeding, where a trustee is appointed to liquidate non-exempt assets. In Kansas, due to generous exemptions, many who file for Chapter 7 can keep their property while discharging debt.
Chapter 11 Bankruptcy: This is a reorganization proceeding, used by individuals or companies to restructure and continue business operations. It can be complex and is often used by large corporations.
Small Business Subchapter V Bankruptcy: A new option under the Small Business Reorganization Act (SBRA), effective since 2020, offering a lifeline to small businesses with liquidated debts under $7.5 million.
Chapter 12 Bankruptcy: Designed specifically for family farmers, with certain debt limits and requirements.
Chapter 13 Bankruptcy: A reorganization proceeding involving a repayment plan for debtors.
Comprehensive Services for Business Debtors and Creditors
For business debtors, we provide services including secured debt refinancing, relief from collective bargaining agreements, reorganization plans, Chapter 11 filings, workout agreements, and business liquidation. For creditors, our expertise extends to relief from stay, objections to discharge, negotiation of terms, defense against adversary proceedings, and reaffirmation agreements.
Resolving Debtor-Creditor and Bankruptcy Disputes
If you are dealing with reluctant debtors, demanding creditors, or bankruptcy trustees, Kennedy Berkley can assist you in all forms of debtor-creditor and bankruptcy disputes. Our team possesses the experience, skill, and resources to promptly assess your situation and assist you with the best available options, whether they involve counseling, negotiation, litigation, or filing complex proceedings.
Contact Kennedy Berkley for Expertise in Bankruptcy Law
Contact our team at Kennedy Berkley today to discuss your options. Let us provide you with the expert legal guidance and representation you need in navigating the complexities of business bankruptcy.