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The specialist who has built a practice in
business bankruptcy has experience and knowledge of the Bankruptcy Code
and represents business debtors and/or creditors. He or she handles
Chapters 7 and 11 administration, tax claims, property of the estate
and good faith and abusive filings. In addition, this attorney may have
special expertise in evaluating and advising clients on transactions
outside the ordinary course of business (postpetition lending, sales of
assets and/or “first day” orders), distribution and priorities,
disclosure statements, and plans (voting, acceptance and confirmation).
And, this specialist is trained to handle a bankruptcy claim impairment.
The
business bankruptcy law specialist represents the client in cash
collateral motions, hearings and agreed orders. Pre-bankruptcy planning
and workouts, evaluating creditor’s plans against competing plans, and
pre-packaged plans of reorganization are all part of this specialist’s
practice.
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