Insolvency | Taunt Law Firm

Bankruptcy & State Court Insolvency Proceedings

The Taunt Law Firm represents clients in all facets of insolvency law including assignments for the benefit of creditors, Chapter 11 bankruptcy reorganizations, Chapter 7 bankruptcy liquidations for individuals and businesses, and when appropriate Chapter 13 bankruptcy asset protection proceedings. We represent:

Chapter 11:

Debtors-in-possession in Chapter 11 bankruptcy reorganizations and liquidations, including design and implementation of a Chapter 11 plan of reorganization
Secured and unsecured creditors in Chapter 11 to assert their rights against the debtor
Purchasers of assets from Chapter 11 estates pursuant to §363
Chapter 11 trustees appointed to take control of the debtor
Individuals who need the benefit of Chapter 11 to reorganize their finances
Creditors in defense of preference or fraudulent transfer litigation

Chapter 7 and Chapter 13:

Individual and business debtors (Chapter 7 only) who need bankruptcy protection
Secured creditors to assert their rights and request relief from the automatic stay
Unsecured creditors to file a proof of claim
Debtors and creditors in Rule 2004 examinations to investigate the assets of debtors
Chapter 7 trustees appointed to administer non-exempt assets of the debtor
Debtors and creditors in defense or prosecution of non-dischargeability proceedings
Creditors in defense of preference or fraudulent transfer litigation

Assignment for the Benefit of Creditors:

Individuals or businesses who seek non-bankruptcy administration of their assets to resolve their debts (“Assignor”)
Assignees who act similar to a “Trustee” to administer assets

Out of Court Work-Outs

Out-of-court-workouts are used when feasible, sometimes enabling a more efficient restructuring or liquidation with associated decrease in costs and delays of a court supervised process.

Asset Protection

Professional and business pursuits often entail significant risks for which the individuals may be held personally liable. Individuals who have worked hard to provide financial security for themselves and their families often wish to explore alternative measures to protect that security in the event of unfortunate and unforeseen circumstances. Our unique combination of experience in the areas of estate and business planning and bankruptcy and insolvency enables us to effectively plan for and protect against these circumstances. These methods are typically most effective when implemented well in advance of difficult circumstances and in conjunction with a comprehensive business and estate plan.