Principals, Owners, Officers And Directors
In most bankruptcy cases, principals and owners are required to have separate legal representation from the business. Ashford-Schael LLC represents principals, owners, guarantors, officers and directors in bankruptcy cases and bankruptcy litigation. Ashford-Schael LLC has the experience and insight to provide a thorough defense of your interests throughout proceedings.
Services To Principals In Bankruptcy And Beyond
Ashford-Schael LLC receives regular referrals from bankruptcy departments at large firms to represent the principal, owners and guarantors of their business clients. The firm defends principal clients from such concerns as:
- Guarantors —if a business defaults on a guaranteed obligation, typically the lender can accelerate the debt to the full amount and will expeditiously file a lawsuit against the guarantors to collect the debt. Ashford-Schael LLC represents and defends guarantors both in bankruptcy cases and outside litigation brought by lenders against guarantors.
- Principals and Owners — Ashford-Schael LLC provides general representation for principals and owners in bankruptcy cases and in all types of litigation both in bankruptcy cases and outside litigation, including avoidance actions, actions to pierce the corporate veil, subordination and fraud actions.
- Officers and Directors — Ashford-Schael LLC represents officers and directors in bankruptcy cases and outside litigation, including reviewing and evaluating D&O insurance policies for coverage. D&O policies may allow the directors and officers to choose their own counsel or may require the insured to be represented by the insurer’s chosen counsel.
Principals, owners and guarantors should also have separate legal representation in out-of-court restructurings and litigation to protect their interests.
Get Dedicated, Experienced Help During Your Business Bankruptcy
Contact us to schedule a free consultation by calling 908-466-5505 or sending an email using this form.