Monroe creditors’ bankruptcy lawyer for collections and workouts

Bankruptcy and Debt Collection Legal Services

Watson, McMillin & Street advises businesses and lenders on creditor strategy in Louisiana bankruptcy courts and in state court collections. Our attorneys prepare timelines, evaluate collateral, and coordinate with in-house teams so recovery plans match business goals. We primarily represent creditors and businesses in Monroe and across Northeast Louisiana, and we also advise individuals or small companies on options when insolvency concerns arise.

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Creditor Representation in Bankruptcy

When a borrower files under Chapter 7, 11, or 13, we move quickly to protect secured and unsecured claims. That includes filing proofs of claim, seeking relief from stay to recover collateral, responding to preference and avoidance demands, negotiating adequate protection, and monitoring plan feasibility. Our team understands trustee practices in Northeast Louisiana and keeps you informed at each milestone.

Business Bankruptcy and Restructuring

For owners facing liquidity pressure, we assess business bankruptcy options alongside non-bankruptcy alternatives like workouts, forbearance, or asset sales. Clear guidance helps decide whether Chapter 11 reorganization or an orderly wind-down aligns with your objectives, vendors, and lenders.

Debt Collection and Judgment Enforcement

We manage demand letters, negotiate settlements, and file collection suits when needed. After judgment, we pursue judgment enforcement through garnishments, seizures, liens, and sheriff sales while staying compliant with applicable collection laws. Our approach is practical and focused on net recovery.

FAQs about Bankruptcy and Debt

  • What debts are typically non-dischargeable?

    Certain taxes, domestic support obligations, and some fraud claims are often outside discharge. We evaluate your position under current law.

  • Can a creditor collect after a case is filed?

    The automatic stay pauses most actions. We assess collateral value and seek court permission when appropriate.

  • How long does a bankruptcy take?

    Chapter 7 often runs several months, and Chapter 13 plans usually last three to five years. Creditor timelines vary based on objections and plan terms.