KLF Law blog
Expanded Bankruptcy Rules “Could be a Lifeline to Small Businesses”
A change to Chapter 11 bankruptcy rules “could be a lifeline to small businesses,” and those rules have been recently expanded in response to the COVID-19 pandemic. Known as Subchapter 5, the new law opens up Chapter 11 bankruptcy to businesses that in the past had been too small to reorganize under that part of […]
2011 South Broadway
Little Rock, Arkansas 72206
501-221-3200
Practice Areas
Business Bankruptcy
The insolvency of a business can have far-reaching implications. Owners, employees, officers, investors, secured lenders, and unsecured creditors each have different goals and interests when a bankruptcy is filed, or even contemplated.
Keech Law Firm has a depth of experience in commercial bankruptcy that is on par with professionals you would find at the largest and most sophisticated firms in the nation. In addition to regularly assisting debtors in their commercial Chapter 7 and Chapter 11 cases, we also represent bankruptcy trustees, creditors, creditors’ committees, financial institutions, bondholders, purchasers of assets or claims, and other interested parties in complex cases. Because we represent parties on all sides of the bankruptcy process, we are able to appreciate and sometimes predict the goals and expectations of the other involved parties, and to be more efficient and effective in reaching a solution.
Keech Law Firm attorneys have served as lead and co-counsel to Chapter 11 debtors in numerous cases. These cases have generally involved liquidating and reorganizing commercial assets valued between $1MM to $10MM through bankruptcy court approved processes such as motions to sell free & clear of liens and reorganizing debts under confirmed Chapter 11 Plans.
We have acted as counsel to six Chapter 7 panel trustees involving case administration issues including prosecution and settlement of multiple preference adversary proceedings; collection of accounts receivable, sale of assets free and clear of liens; prosecution of lien avoidance actions and determination of the extent, validity and priority of liens; and liquidation of estate claims and assets involving jointly owned assets and minority ownership of business entities, as well as contingent and contested claims such as fraud and breach of fiduciary duty and professional malpractice.
We also act as counsel to creditors and debtors in litigating, at trial and on appeal to the Eighth Circuit of Appeals, dischargeability complaints and objections to discharge. Counsel to creditors in defending preference claims, preference defense, notions to dismiss, objections to plan confirmations, motions for relief from stay and claims objections.
Bankruptcy law is complex. Whether you are a debtor, creditor, or other interested party, retaining experienced counsel protects you from making a mistake that could have a drastic effect on your interests. Equally as important, however, is the sort of strategic creativity that only the most experienced bankruptcy practitioners can offer. At Keech Law Firm, we strive to stay ahead of the curve, and above the fray, to obtain the most productive and positive results for our clients.
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