Creditor's Rights

Advocating for Creditors

A bankruptcy attorney can advocate for a creditor by navigating the complexities of bankruptcy law. The goal is to protect the creditor’s interests and maximize their recovery within the constraints of bankruptcy law.

How can a bankruptcy attorney help?

• File a proof of claim with the bankruptcy court to be considered an eligible creditor and receive distributions from the debtor’s estate.
• If a creditor believes a bankruptcy plan is unfair or doesn’t not adequately protect their rights, the attorney can file objections to the plan.
• The bankruptcy attorney can help a creditor seek relief from the automatic stay that halts collection actions against a debtor after they file for bankruptcy.
• Bankruptcy attorneys can negotiate with the debtor’s attorney to reach a mutually agreeable settlement or repayment plan.
• If a creditor delivered goods to a debtor shortly before the bankruptcy filing and has not been paid, the attorney can pursue reclamation rights to recover those goods.

Schedule a Free Consultation Today

To learn your options and which chapter of bankruptcy might be right for your situation, schedule a free, one-hour consultation by clicking here to give us some information about your situation.

Bankruptcy NM, LLC, is located in Albuquerque, New Mexico, but we represent debtors and creditors throughout the state of New Mexico. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.