Bankruptcy Counsel & Negotiation Workouts
Cossitt Law serves individuals and businesses in all matters of bankruptcy and workout.
Bankruptcy can be a complex legal process. We provide clear solutions to even the most complicated debt issues. Our goal is to make the bankruptcy process as painless as possible so you can get on with your life. We represent both consumer and small business debtors under all chapters of the bankruptcy code, except Chapter 9.
Consumer debtors considering filing for
bankruptcy, visit Cossitt Law's
CONSUMER CENTER.
See our Bankruptcy FAQs for answers to the most common questions about bankruptcy.
SMALL BUSINESS DEBTORS
Small business cases are our specialty — sole proprietorships,
closely held LLCs, corporation and partnerships. Small business’
situations are usually more complicated and involve more issues
than the routine consumer cases. During the past 20 years,
Cossitt Law has handled hundreds of workouts and bankruptcy
cases involving small businesses, farmers and the self-employed.
There are several resolution options available for small
businesses, including bankruptcy and non-bankruptcy
alternatives. Regardless of which option you choose, you must
first make a fundamental decision: keep it open and reorganize
it, or liquidate and close it. We can help you decide which
option is right for you.
We offer:
- Counseling and negotiation services in a workout
setting.
- Representation in formal bankruptcy
proceedings under all chapters of the bankruptcy code,
except Chapter 9
Begin your asset protection planning now!
Over the years, the greatest problem we have had when advising clients is that they waited too long to seek legal counsel with respect to their alternatives. Simply put, the longer you wait, the more aggressive your creditors get, and the range of options available to resolve your debt problems and protect your assets gets narrower. With proper advance planning you can protect your assets in the event of an eventual bankruptcy. Act now and you will save yourself a lot of heartache, aggravation, stress and anxiety.
We offer consumers:
- Counseling and negotiation services in a workout setting
- Representation in formal bankruptcy proceedings
Visit our
CONSUMER CENTER
for more information and required worksheets.
Be proactive rather than reactive.
Bankruptcy can be a
highly complex process—a virtual minefield of rules and
regulations. With proper planning, you can maximize your rights.
Cossitt Law has a thorough understanding of the debt
counseling and bankruptcy process and provides all clients with
advice they can trust. As
part of our counseling service, we attempt to minimize the risks
posed by a possible bankruptcy.
We start bankruptcy counseling with a four-step process:
- Thoroughly gather and verify the relevant facts and documents related to your case.
- Identify and clarify your goals.
- Analyze the facts and applicable laws to identify the best available options.
- Present available options and advise you of the pros and cons of each option, the costs and time frame, and address any questions you may have so you can make an informed decision as to the best way to reach your goals.
Bring the following documents to your initial consultation.
Visit the resources page or links to helpful sites that address consumer debt counseling.
Bankruptcy is not always the best choice for solving debt problems. Successful negotiation is the key to solving many debt
issues.
We encourage negotiation and workout as a possible solution to
avoid needless and sometimes costly litigation. We can assist in workout and negotiations with creditors to assure positive results. To make the negotiation process as smooth as possible, we do our best to maintain good relationships and communications with the other parties involved in the workout process.
When necessary, we litigate in bankruptcy court cases for individuals and businesses. Using the knowledge and experience gained through over 20 years of specialized bankruptcy
practice, we strive to achieve the best results for the least possible cost, no matter how complex the case. When appropriate, we may consult with other lawyers who specialize in
areas outside of bankruptcy to assure your case is thoroughly covered from all angles.
We represent both secured and unsecured creditors in various aspects of debt negotiations, including relief from the automatic stay, dismissals and conversion of bankruptcy cases, creditors’ plans of
reorganization, and opposing and negotiation of debtors’ plans of reorganization.
We work with creditors’ committees in Chapter 11 cases and on behalf of creditors in cases under all chapters of the bankruptcy code. If appropriate, we will also counsel our creditor clients in involuntary bankruptcy proceeding.
We provide tax counsel in debt forgiveness, debt restructuring and exchanges of property for debt to reserve valuable tax attributes. We also advise debtors and creditors as they bargain for the use and treatment of tax assets such as net operating losses.
We represent purchasers when bankruptcy or insolvency offers an opportunity to acquire businesses and assets on favorable terms, assuring that financial risks are minimized during the acquisition process.
Bankruptcy cases may create liability for the former owners, directors, officers and controlling equity owners of a failed business entity. We work with these types of clients to minimize their exposure to various liabilities associated with bankruptcy and provide aggressive litigation on behalf of directors and officers against claims brought by trustees and others. |
