We're Here to Help You Manage Your Bankruptcy Matters
We understand the importance of a strong bankruptcy recovery partner in order to maximize the return on your creditor investments and property. That’s why we’ve assembled a team of industry focused attorney professionals and support staff with the knowledge and experience to do more than just minimize loss in Chapter 7, 11, and 13 bankruptcies. Our team will examine aspects of each file and manage the bankruptcy process to protect your interests in pursuing maximum recovery. Because of our comprehensive understanding of bankruptcy laws and procedures, our clients frequently look to us.
Our staff is directly involved in the bankruptcy process and is frequently called upon for guidance in determining what actions to take on a file and by our clients and conference sponsors to present programs on bankruptcy issues and trends. As a result of the large volume of bankruptcy files handled, we have daily interaction with judges, trustees, and debtors' attorneys. We have earned the reputation for being aggressive, professional, and honest, and as a result, can often resolve matters without filing motions or engaging in lengthy proceedings. Our approach leads to success in obtaining a high number of reaffirmation agreements and voluntary surrenders of collateral, and enables us to more effectively and efficiently process matters where fraud may be present.
Our bankruptcy representation includes, but is not limited to, the following:
- Attend 341 First Meetings
- Prepare Motions for Relief From Stay & Abandonments
- Prepare Proof of Claim
- Reaffirmation Agreements
- Defense to Redemption Actions
- Prepare Proof of Claim
- Preference Defense
- Obtain Adequate Protection Orders
- Review disclosure Statements & Plans for Objections
- File Proof of Claim
- File Objections to Confirmation
- Review Plan Treatment
- Monitor Cases for Payments, Discharge & Dismissals
- Prepare Motions for Relief From Stay
Using Technology To Drive Your Claims Management
Similar to our collection operation, we fully utilize technology to receive daily updates on bankruptcy filings and provide reporting and follow-up to our clients. All files are subject to daily review by automated bankruptcy information services to facilitate the monitoring of case filings, discharges, and dismissals. We are online with PACER, national trustee databases, and all courts - enabling us to automatically review case statuses. Clients can communicate with our staff or transfer files and data via Lenstar and other data delivery databases.
Collection Mentality Helps Your Recovery Performance
Since our inception in 1930, Weltman has integrated the collection and legal process to maximize recoveries for our clients. We are able to undertake representation at any stage of delinquency regardless of the account status. Unlike many firms that treat the handling of bankruptcy matters as legal issues, we approach them as combined legal and collection issues. We utilize a collection mentality when negotiating a reaffirmation agreement, constantly seeking employment and other information to ensure we can obtain the largest possible recovery.
Managing Your Portfolio Is Key to Our Success
Weltman has created customer software programs to aid in the assignment and reporting of bankruptcy files. Work is assigned to the appropriate office by strength and relationship with local counsel, courts and Trustees, along with geographic location. Once set up, files are run through Banko/Lexis Nexis and other 3rd party partners to update bankruptcy information. The Proof of Claim deadline and last date to object to dischargeability of debt due sets account prioritization, followed by the timely filing of claims and reaffirmation agreement. When the situation arises necessitating that a file be forwarded to local counsel outside of our footprint, we forward the information to pre-certified local counsel and obtain a signature of confirmation within 24 hours. Out-of-state files are then monitored to ensure pleadings are filed, hearing and objection dates are set and reports and billings are processed, all transparent to our clients.
When It Comes to Bankruptcy, We Get It
We know how important it is for you to manage your business and bankruptcy needs. At Weltman, our goal is simple – to offer each client a thorough, focused and highly effective recovery strategy while minimizing exposure on bankruptcy matters that directly affect your business performance and debt recovery.