Traurig Law has significant experience in defending avoidance action litigation. The firm's attorneys have represented vendors across the United States defending and resolving demands and lawsuits commenced by debtors and trustees seeking to avoid and recover payments as "preference payments" and fraudulent transfers.
Counsel at Traurig Law understand that creditors to entities that have filed bankruptcy have rights that need to be protected. Counsel at Traurig Law advise a wide range of creditors including landlords, vendors and lessors in protecting their rights and interests. Representations include preparation and filing proofs of claim, advising on lease assumption and rejection issues, and seeking relief from the automatic stay. Traurig Law also advises creditors with respect to the rights of creditors that continue to do business with entities after a bankruptcy filing has occurred.
The firm's counsel have significant experience representing trustees prosecuting and resolving preference, fraudulent transfer and breach of fiduciary duty actions. Counsel at Traurig Law have managed avoidance action projects recovering millons of dollars for estates and the benefit of creditors. The firm's counsel also have significant experience managing and resolving claims reconciliation projects.
The firm has the experience to guide a buyer though a bankruptcy acquisition process from making an initial bid to attending the auction, negotiating an asset purchase agreement and bid protections, advocating for approval and closing the deal. We work with you to maximize your investment objectives.
The firm's counsel has represented an array of parties in mediation, including creditors, defendants in avoidance actions, a creditors' committee and a trustee. In addition, a member of the firm is included on the register of mediators for the United States Bankruptcy Court for the Southern District of New York.
Congress recently enacted additional provisions for small business bankruptcies for companies with aggregate secured and unsecured debts of less than $2,725,625, which amount has been temporarily increased to $7.5 million as a result of the CARES Act. These provisions may enable small business owners to retain an ownership share in their business as it reorganizes. Traurig Law can advise and represent companies in pursuing reorganizations under Subchapter V of Chapter 11.