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Credit Where Credit Is Due: Understanding the Rights and Responsibilities of Creditors in Bankruptcy

SKU: BNK4500
Total Credits
1 - 1.5
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Creditors often have a tendency to think that if a bankruptcy is filed they’re out of luck. While this may be true in some cases, there are many scenarios in which a creditor will be able to either gain some recovery on their debt, or at least preserve their right to pursue the debt either through a modification of an automatic stay or an adversary proceeding.

The other side of this equation though is creditors who are overly aggressive. Many creditors - in particular when personal relationships are involved - will let their emotions cloud their judgement and aggressively pursue a Debtor who has no assets and simply made poor business decisions. This course will aim to provide creditor’s rights practitioners with a basic understanding of the rights and obligations of a bankruptcy creditor. This guide can be used in knowing when and how to strike the appropriate balance between giving up on recovery versus being overly aggressive against a Debtor with little to no assets.

Lecturer Bio

Btzalel Hirschhorn, Esq.

Btzalel Hirschhorn heads the Bankruptcy Practice Group at Shiryak, Bowman, Anderson, Gill & Kadochnikov LLP in Queens, N.Y. He advises debtors and creditors in all aspects of chapters 7, 11 and 13 ranging from liquidation to restructuring and litigation. Mr. Hirschhorn is admitted to practice in all state courts in the state of New York as well as the U.S. District Courts for the Southern and Eastern Districts of New York. Mr. Hirschhorn is also an active member of the American Bankruptcy Institute (ABI), where he published numerous articles on insolvency issues.

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