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If your business is struggling to pay its debts when they fall due, its important to keep in mind what are creditorsrights during insolvency proceedings? As a director of an insolvent company, your overriding duty moves from maximising profits for the owners to preventing further losses, with creditors repayments in mind.
In his bankruptcy practice, Eric focuses on representing creditors, including financial institutions, special servicers, private equity groups, and other non-traditional lenders as well as other secured and unsecuredcreditors in state and federal court litigation, chapter 11 bankruptcy cases, and in out-of-court workouts and resolutions.
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