Comprehensive Knowledge Of Bankruptcy And Creditors’ Rights
Stark Reagan represents secured and unsecured creditors, creditor committees, trustees, and debtors in bankruptcy litigation, state court proceedings, negotiated out-of-court workouts, and debt restructuring. Our lawyers use their experience to counsel clients in the process of forming reasonably achievable goals and to represent those clients throughout the process of achieving those goals.
Commercial Bankruptcy — Debtors
At Stark Reagan, we also represent companies in commercial bankruptcy proceedings and debt collection actions. We can often negotiate a loan modification or forbearance in order to allow companies the time they need to regain their financial footing.
Saving Your Company — Avoiding Bankruptcy
Banks frequently prefer the modification of an existing loan rather than a foreclosure. Depending on the financial situation of your company, it may be possible to work out a loan modification that allows you to stay in business and avoid bankruptcy. Loan modifications and workouts may reduce monthly payments while extending the loan term or may alter the applicable interest rate.