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The top 10 things you should immediately do if your client is a creditor in a bankruptcy case. (Business Credit Selected Topic).
So, another of your client's customers' has gone bankrupt? Not to worry. Although the workings of the bankruptcy court can appear dark and mysterious to the uninitiated, it is quite easy for experienced bankruptcy practitioners to get "real time" information from a variety of sources on the status of a case. Even if you're an attorney who knows little about insolvency law, here are 10 things that you can do to immediately protect your client's interests in a bankruptcy case.
Top 10
1. File and Serve a Request for Special Notice
The master service list for a bankruptcy case can be obtained from the case file at the court by an attorney service, and is one of the initial documents required to be filed by every debtor. Once you serve a request for special notice, if the recipient subsequently files a pleading with the bankruptcy court, it must serve a copy on you. Knowledge is power, and you never know who is going to be tomorrow's ally or your adversary.
2. Obtain a "Pacer" Account Over the Internet
Pacer is a computer program maintained by the Federal Courts that enables you to access case proceedings dockets online. The title, author and date of every pleading filed in a bankruptcy case is noted on the proceedings docket, and often that document is "imaged" (scanned) by the clerk of the court and can be downloaded. Currently, documents filed with the bankruptcy court can be downloaded or printed for only 7Cents/page. Since all of the orders of the bankruptcy court are typically imaged, through Pacer an attorney can obtain copies of all of the principal rulings in a case to date in real time and then immediately make informed opinions about its status.
3. Get on the Interim Statement and Operating Report Mailing List
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- U.S. Bankruptcy Court Case Summaries: March 3, 2003.
- Newspaper article from: Virginia Lawyers Weekly March 3, 2003 700+ words
...chapter 7 case, the bankruptcy court grants a creditor...the discharge, the bankruptcy court concludes the debt...in bankruptcy and the bankruptcy court will allow the bankruptcy case to be reopened and quash...
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- Newspaper article from: Daily Record (St. Louis, MO/St. Louis Countian) January 12, 2002 700+ words
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- News wire article from: Mondaq Business Briefing September 12, 2008 700+ words
...decision of the Bankruptcy Court in the Adelphia Communications bankruptcy case. The Bank...a respected Bankruptcy Court Judge in the...took in the bankruptcy case for example...matters to the Bankruptcy Court. The Adelphia...
- U.S. Bankruptcy Court Case Summaries: July 21, 2003.
- Newspaper article from: Virginia Lawyers Weekly July 21, 2003 700+ words
...entitled to any relief in bankruptcy court from a state court...connection with the bankruptcy court. Motion to reopen the bankruptcy case denied. In re Zaidi...student loans, the bankruptcy court grants the motion of...
Source: HighBeam Research, The top 10 things you should immediately do if your client is a...