Corporate
Bankruptcy Law
Our Bankruptcy Attorneys
Cunningham Dalman has bankruptcy attorneys who specialize in assisting individuals and businesses.
Corporate Bankruptcy Attorney in Holland, Michigan
Cunningham Dalman understands the complexity of business bankruptcy and insolvency laws in the State of Michigan. We have knowledgeable attorneys on staff who are adept at answering & guiding you through the multitude of questions that will arise. Can I still collect the debt owed to me? Should or must I continue doing business with a bankrupt customer or supplier? What happens to my lease in bankruptcy? Am I going to have to return money paid to me just before the bankruptcy filing?
Contemplating Corporate Bankruptcy?
Voted Best Law Firm in Holland, Michigan
Attorney Articles
Celebrating Our Recognition in the 15th Edition of Best Law Firms®
We’re thrilled to share some exciting news—our firm has been recognized in the 15th edition of Best Law Firms®! This
Celebrating Our Firm’s Recognition in Grand Rapids Top Lawyers 2024!
We’re proud to announce that several of our attorneys—Tom Hillegonds, Rob Howard, Haans Mulder, Susan Vroegop, Ron Vander Veen, Brad
Medicaid Planning Seminar – Nov 2024
Cunningham Dalman will be hosting a Medicaid Planning Seminar on Thursday, November 21, 2024, 5:30-7:00 pm. We’ll cover important topics
Are You Looking for Assistance with Personal Bankruptcy?
Business Bankruptcy & Insolvency Law
Business Bankruptcies
Our attorneys can help navigate the complex rules pertaining to corporate bankruptcies, including, among other things, the treatment of leases and other executory contracts, filing claims, preserving lien rights, relief from the automatic stay, and defending lawsuits filed against you by the trustee or debtor-in-possession for avoidable transfers.
Read MoreReceiverships
Receiverships are generally court supervised liquidations, with a court appointed receiver taking over business operations and/or assets. Our attorneys can assist if you have a customer, supplier, franchisee, business partner, or others that have been placed in a receivership case.
ReceivershipsForeclosures and Land Contract Forfeitures
Do you hold a mortgage on property, or have you sold property on land contract, to an entity or individual who is in default on its payments to you?Â
Foreclosures & ForfeituresCorporate Bankruptcy Attorneys in Holland!
Looking out for you. Let us guide your business through the process!Â
corporate bankruptcy: Understanding the complex rules
Business Bankruptcies
Expertise in Multiple Areas:
- Assumptions, Assignments, or Rejections - Are you a landlord, tenant, or party to a supplier or service contract? We can help navigate the often complex rules pertaining to the assumption, assignment or rejection of executory contracts in bankruptcy. Examples of executory contracts can include equipment leases, licenses to intellectual property, real estate leases, and development contracts.
- Litigation with the Trustee or Debtor-In-Possession (avoidable transfers, preferences) - Have you received a demand letter or summons and complaint from a debtor-in-possession or trustee regarding preference payments you received or other avoidable transfers allegedly made to you before the bankruptcy? Our attorneys are experienced in analyzing and presenting defenses to such claims.
- Relief from Automatic Stays & Adequate Protection - Do you have a mortgage, security interest or other lien on an asset involved in a bankruptcy case? Or has a party to a lawsuit in which you are participating filed bankruptcy? Our attorneys can help determine whether you might be entitled to relief from the bankruptcy automatic stay in order to preserve or enforce your rights, or whether you are entitled to adequate protection of your property interest in the bankruptcy case.
- Nondischargeable Debts - Are you a creditor of a bankrupt business or individual who has stolen money from you, committed fraud, or misrepresented financial information to you? Our attorneys can assist you in analyzing whether the debt owed to you may be nondischargeable, and help you navigate that process.
- Critical Vendors / Suppliers - Are you a critical supplier for a business that has filed bankruptcy? Being deemed a critical vendor in a bankruptcy case is complex and can have significant benefits and repercussions throughout the bankruptcy and long after the case is over, and requires counsel experienced in negotiating such treatment with a debtor-in-possession.
- Purchasing Assets in Bankruptcy - Are you interested in acquiring assets from a bankrupt business? 363 sales provide many benefits to a buyer of assets in bankruptcy, including obtaining title clear and free of liens, but the process can be complicated with many deadlines and formalities.
corporate bankruptcy: Understanding court supervised liquidations
Receiverships
Expertise in Multiple Areas:
- Debtors Placed into Receiverships - Has a customer, supplier, franchisee, business partner, or anyone who owes you money, or your tenant or landlord, been placed into a receivership case? Our attorneys can help monitor and advocate on your behalf in the case.
- Preserve Your Rights and Property Interests - Although receivership cases are typically less complicated than bankruptcies, it is important to have experienced counsel monitoring deadlines, filing claims, and advocating on your behalf to preserve your rights and property interests.
corporate bankruptcy: protecting your business interests
Foreclosures & Forfeitures
Expertise in Multiple Areas:
- Mortgage Foreclosure and Land Contract Forfeitures - Do you hold a mortgage on property, or have you sold property on land contract, to an entity or individual who is in default on payments to you? Our attorneys can assist you in recovering the real estate and collecting from the obligated party.
- Article 9 Foreclosures - Do you have a lien or other security interest in assets of a business that owes you money? Article 9 of Michigan’s version of the Uniform Commercial Code permits a secured creditor to repossess and dispose of its collateral, providing certain detailed procedural steps are satisfied.
- Tooling Liens - Are you a manufacturer or repairer of machines or special tooling or otherwise involved in the plastic and metal parts supply chain? If so, you may be entitled to a lien under the Michigan Molder’s or Special Tools Lien Acts to secure payment for your materials and services, so long as certain steps have been taken to perfect your lien.
Corporate Bankruptcy FAQs
Most frequent questions and answers
It is a formal request sent as a courtesy or a reminder after other efforts have been attempted to collect payment or some other action required. Most times, the “Demand Letter” is sent after numerous phone calls, emails, or other attempts have been unsuccessful to resolve the dispute. These letters are usually written by an attorney.
