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A North Carolina Creditor Rights Law Firm Protects Your Interests

Representing clients in various types of creditors’ issues, including foreclosure and collections
Businesses throughout the Raleigh, North Carolina area look to the law office of Sprouse Law Firm, PLLC for guidance and assistance when collecting debts, and when debtors file for bankruptcy protection. When stakes are high, a creditor is urged to seek competent legal counsel. A creditor does not have to simply absorb loss without first seeking the
opportunity to mitigate and minimize that loss. There are many avenues by which North Carolina creditors can recover partial or total amounts owed by clients who are filing Chapter 7, Chapter 11, Chapter 12 or Chapter 13 bankruptcy. The higher the stakes, the more worthwhile it is to examine all possible defenses.

Assert your creditor rights in the face of the risk of total loss through a customer’s bankruptcy. Options may include the following:

  • A creditor may assert an “administrative expense” priority claim for goods received by the bankrupt customer within 20 days of a bankruptcy filing.
  • A creditor may assert a “reclamation claim” for goods delivered to an insolvent customer within the 45 days before a bankruptcy filing.
  • A creditor may assert rights as a “lien holder” with regard to special classifications of supplies.
  • A creditor may assert a right to compensation as an “essential supplier” or “critical vendor.”
  • A creditor may pursue priority litigation versus other lien holders, including secured creditors, taxing authorities and landlords.
  • A judge may grant relief from an automatic stay if the claim is secured.

Commercial collections
We also represent commercial and retail clients in the following:

  • Commercial collections – collection of commercial debt, secured and unsecured, for small and large businesses, contractors, subcontractors, banks, lenders, and equipment leasing companies.
  • Construction collections – filing and enforcement of mechanic’s lien claims and labor and material payment bond claims
  • Replevins – repossession and recovery of collateral from defaulting debtors for lessors and other secured creditors
  • Litigation – prosecution of debt collection civil actions in state and federal courts and before alternative dispute resolution forums (arbitration, mediation).

Contact an experienced Raleigh, North Carolina attorney today
For effective protection of your rights as a creditor, call Sprouse Law Firm, PLLC today at 919-954-1900, or contact us online. We offer free initial consultations.