Bankruptcy / Creditor's Rights

Kraemer Burns has expertise in Bankruptcy matters representing secured creditors, equipment financing companies and lessors, landlords, property owners, franchisors and general unsecured creditors.  The firm litigates motions to lift the stay to reclaim collateral, as well as adverse proceedings including preference and fraudulent conveyance actions and non-dischargeability claims.  We represent creditors in asset sales, claim challenges, guaranty and surety issues, insurance claims and recoveries, and all aspects of the process from pre bankruptcy negotiation through plan confirmation.

The firm has represented secured creditors in obtaining possession of such assets as massive printing presses, jet aircraft and a yacht as well as landlords of bankrupt tenants.   Kraemer Burns enabled a Fortune 100 company to acquire a critical manufacturing facility out of a competitor's Chapter 11 proceeding. We represented the owner of a half interest in a world famous breeding stallion, when the co-owner of the stud was in bankruptcy, eventually bringing about a multimillion dollar sale of the stallion to a Swedish horse breeding syndicate.

Kramer Burns represents unsecured creditors defrauded by debtors who have comingled funds requiring complex tracing of the funds.  For example, the firm represented one of many municipalities whose payroll deposits were not transmitted by the debtor payroll company to the IRS. In another matter the firm represented a cash transmitter against a firm that was supposed to deliver funds to banks and ATMs.  The principals of the delivery company were charged with committing crimes and the FBI raided that company seizing $10,000,000 in cash. We were tasked with tracing our client's assets though debtor bank accounts and actual bags of cash.

The firm has experience in representing franchisors in dealing with potentially bankrupt franchisees and understands the issues involved in terminating the franchise in relation to a franchisee's bankruptcy filing.

Should you want to consider retaining Kraemer Burns in connection with protecting your rights a a secured or unsecured creditor give Diane Stolbach a call.

 

 

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