Lake Charles Bankruptcy Creditor Attorneys

Results-Driven Advocacy You Can Trust

If you’ve loaned money or services to someone and have not been repaid, it can be difficult to figure out how to recover your finances. When can make matters even more complex is if the debtor you loaned money to has filed for bankruptcy, and you may be wondering who is expected to pay you back. As a team of highly regarded bankruptcy attorneys, Sudduth & Associates, LLC is well-versed on Chapter 7, 11, and 13 bankruptcies and can use our experience helping debtors to achieve the results creditors need. Our Lake Charles bankruptcy creditor attorneys can protect your creditors’ rights and ensure you’re repaid as efficiently as possible. We also strive to educate our clients on their rights and the circumstances of their situations so they can make informed decisions. Just because debtors need to file for debt relief doesn’t mean that you have to pay the price by not being compensated.

Contact us online or by phone at (337) 282-9003 to take advantage of your consultation today. We’re proud to represent clients throughout Louisiana and Texas.

The Advantage of a Former Prosecutor on Your Side

  • His passion for helping people sets him apart from any other attorney in this area.

    “Smart, driven, direct, passionate. Amazing man, which makes him an amazing attorney. Treated me and my family as if we were a part of his. I am forever grateful for the hard work and dedication he put into my case.”

  • They truly care about the legal issues I face, and aren't just 'going through the motions.'

    “James & his caring team of professionals are a cut above the rest. They truly care about the legal issues I face, and aren't just 'going through the motions.' It's been a tremendous help during this transitional period in my life to have Jame”

  • If having someone on your side that gives a 110% and delivers a quality product is important, then James Sudduth III comes with my highest personal recommendation.

    “If having someone on your side that gives a 110% and delivers a quality product is important, then James Sudduth III comes with my highest personal recommendation.”

  • If you're looking for an attorney to fight for you, call James.

    “Throughout the entire ordeal, James could not have been more professional, courteous and knowledgeable regarding my employment issue. He was prompt with his responses and could not have shown more compassion for the issue.”

Chapter 7, 11 & 13 Bankruptcies

There are various kinds of bankruptcies that individuals and businesses can file under as a last resort, with Chapter 7, 11, and 13 bankruptcies being the most common.

Chapter 7 bankruptcy is the most common type and allows individuals to liquidate most of their debts through selling assets to pay creditors. After a Chapter 7 bankruptcy, creditors are no longer allowed to garnish your wages or call to demand payment.

Chapter 11 bankruptcies are filed by large businesses and sometimes small business owners through the submission of a reorganization plan, which is used to help businesses repay their creditors over a certain length of time. After filing a petition, businesses have four months to file their reorganization plan.

Chapter 13 bankruptcies are filed by individuals who create a repayment plan to pay back creditors over three or five years. Monthly payments are made to the court, and the court trustee distributes the money to your creditors. This is an option for individuals who can afford to pay some, but not all of their debt.

Understanding Your Creditors’ Rights

It’s fairly common for creditors to stop their collection methods once they receive a notice that their debtors have filed for bankruptcy. Many believe that they don’t have any options in their claim and give up altogether. However, it’s important to know that creditors do have rights, even when debtors have filed for bankruptcy. Our attorneys are committed to helping clients understand these rights so they can move towards collecting the payments they deserve.

Creditors in bankruptcy are entitled to the following:

  • A share in distribution from the bankruptcy estate, depending on the priority of the creditor’s claim
  • Challenge a debtor’s right to a discharge, or to discharge the creditor’s debt
  • Be listened to by a court when it comes to the debtor’s bankruptcy filing and the liquidation of their assets

Whether your debtor has filed for Chapter 7, 11, or 13 bankruptcy, you as a creditor have the right to be heard in discussed legal matters. Our attorneys can help elevate your voice so the court understands your concerns and your desire to be repaid.

What Should I Do After I Receive a Bankruptcy Notice?

Once you receive a bankruptcy notice in regards to one of your debtors, it’s important that you stop any collection actions, which include lawsuits, billing, or phone calls, because the automatic stay protects debtors from all forms of collection during the bankruptcy. Your notice will inform you where you can file a proof of claim so you can alert the court about the standing debt.

When you work with one of our experience attorneys, you can receive in-depth counsel so you can legally and fairly recover what you’re owed. Our team can help you determine whether your claim can be secured by the debtor’s assets.

Recover the debts you’re owed today by calling our Lake Charles bankruptcy creditor attorneys at (337) 282-9003. You can trust our team to use the insights we’ve gained from representing debtors to help you make collections successfully.

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