Rights of Creditors
As with most legal procedures, bankruptcy courts attempt to preserve rights for each party involved. For debtors, this balance can put an end to creditor harassment as well as stop certain properties from being seized. Although the specifics of these protections can change from state to state, their presence in most jurisdictions make the bankruptcy process less punitive and more open to allow for actual personal finance reform in someone’s life. In the opposite light, creditors are also afforded certain rights in bankruptcy proceedings.
The legal battles that can arise from bankruptcy proceedings require an experienced advocate with a great working knowledge of the law. Contact the West Palm Beach bankruptcy lawyers of the Eric Klein & Associates, P.A., at 561-353-2800 today to discuss your case and receive a free consultation.
Creditor Privileges
Although different states provide different laws regarding what creditors are allowed to ask of the court and debtors filing for bankruptcy, there are some standard rights found in multiple jurisdictions. These include:
- move for foreclosure
- require a sale of property
- demand a lien
- garnish wages
- alleged fraud
As these legal actions can potentially make a bankruptcy significantly more difficult for a debtor while boosting debt repayment for creditors, courts must carefully deliberate before permitting them. In order to increase the chances of success for these motions, creditors can employ their own attorneys to present their arguments.
Contact Us
With creditors hiring legal teams to facilitate their aims in court, a debtor needs a lawyer to fight for their own rights and promote reasonable payment conditions. If you are facing bankruptcy, the West Palm Beach bankruptcy attorneys of the Eric Klein & Associates, P.A. can help you today with legal advice. To learn more about your options and your rights as a debtor, contact us by calling 561-353-2800.
