The Derbes Law Firm, LLC regularly represents the different parties to bankruptcy proceedings, including creditors, debtors, trustees, and committees. This gives the firm a balanced perspective on the entire bankruptcy process, better enabling us to advise our clients. The firm handles both commercial (chapter 7 & chapter 11) and personal (chapters 7, 11 and chapter 13) bankruptcy. Many of the individual debtors we represent are business owners with significant contingent liability unto lenders or vendors. Our creditor and trustee representation includes litigating avoidance actions such as preferences or fraudulent conveyances, objections to discharge and dischargeability, and proof of claim objections. We also advise persons regarding the relationship of taxation and bankruptcy.
In the United States, the term “bankruptcy” specifically means a case under Title 11 of the United States Code. However, not all insolvent persons or companies need to file for protection under the bankruptcy code. The Derbes Law Firm strives to “workout” problems between debtors and creditors outside of bankruptcy, sometimes with restructuring or refinancing, while in other instances with adequate forbearance of creditor action to give the debtor time to solve the problem, whether that problem arises from difficulty in cash flow, income or the balance sheet. Also, the Derbes Law Firm does Louisiana State Court liquidations and receiverships, including the representation of the company being liquidated, or its owners, creditors, liquidator or receiver.