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The Influence of Bankruptcy on Collections

 

Learn how bankruptcy influences collection efforts and how to properly respond to a bankruptcy.

The filing of a bankruptcy always complicates and in many ways frustrates a creditor's collection efforts. But there are steps that can be taken and strategies that can be employed to maximize the potential for recovery in such situations. Knowing the bankruptcy process, the types of claims and certain advantages provided to creditors in the Bankruptcy Code are key in evaluating the best path. Moreover, preparing for a potential bankruptcy while in the process of settling a collection action can often help mitigate the possible claw back of settlement funds in a future bankruptcy. Knowledge of these issues can greatly benefit internal collections and outside collection counsel if and when a bankruptcy is filed.

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The Influence of Bankruptcy on Collections

Agenda

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The Influence of Bankruptcy on Collections

Faculty

Kirk B. Burkley, Esq.

Kirk B. Burkley, Esq.

Bernstein-Burkley, P.C.

  • Managing Partner at Bernstein-Burkley, P.C.
  • Practice emphasizes all aspects of bankruptcy & restructuring, creditors’ rights, business & corporate transactions, litigation, real estate, and oil & gas
  • Conducts regular seminars/live webinars and workshops on bankruptcy, creditors’ rights, and oil and gas
  • Chairman of the American Board of Certification (2020), past President of the American Board of Certification and Turnaround Management Association, and member of Allegheny County Bar Association and the American Bankruptcy Institute
  • In 2020, recognized as the only bankruptcy and creditors’ rights attorney on Pennsylvania Super Lawyers’ list of Top 50 Pittsburgh attorneys
  • J.D. degree, University of Pittsburgh School of Law; B.S. degree, Ohio University
  • Contact 412-456-8108 or [email protected]
Mark A. Lindsay, Esq.

Mark A. Lindsay, Esq.

Bernstein-Burkley, P.C.

  • Partner in bankruptcy/restructuring group at Bernstein-Burkley, P.C.
  • Practice focuses on all aspects of commercial bankruptcy and restructuring
  • Member of the Pennsylvania Bar Association, the Allegheny County Bar Association, and Turnaround Management Association
  • Past president of the Allegheny County Bar Association Bankruptcy and Commercial Law Section
  • J.D. degree, Duquesne University School of Law; B.S. degree, University of Pittsburgh
  • Can be contacted at 412-456-8121 or [email protected]
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The Influence of Bankruptcy on Collections

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