Creditor's Rights & Bankruptcy Attorneys In Nashville, TN

Creditors’ Rights and Bankruptcy Lawyers

Thompson Burton's Bankruptcy and Creditors' Rights law firm is full service, meaning that we assist clients in all manners of insolvency proceedings. Our attorneys specialize in bankruptcy, receiverships, commercial loan workouts, creditors' rights, Ponzi schemes, and complex commercial litigation, with the ability to represent parties on all sides of a dispute including creditors, debtors, receivers, and trustees. As part of our creditors' rights practice, our bankruptcy attorneys represent financial institutions, corporations, governmental entities, and individuals in complex workouts, bankruptcies, receiverships, state and federal court litigation, and judgment enforcement. Our attorneys are recognized for their ingenuity, experience, and practicality in representing the interests of commercial creditors.

Chapter 11 and Chapter 7 Bankruptcy Lawyers

Thompson Burton's bankruptcy lawyers also have extensive experience in representing corporate debtors in Chapter 11 bankruptcy, Chapter 7 bankruptcy, receiverships, and outside of court debt restructuring. Our bankruptcy law firm has the tools to represent every kind of debtor, from a small, single-member LLC to a large, publicly-traded corporation to successfully and efficiently achieve their restructuring goals.

Bankruptcy Attorney Near Me

Our bankruptcy lawyers are frequently retained to represent court-appointed bankruptcy trustees and receivers in evaluating and pursuing litigation assets in state court, federal court, and bankruptcy court. Thompson Burton is recognized as one of the leading insolvency litigation law firms in the Mid-South region due to the breadth of its experience and its success in such litigation. Thompson Burton's multi-faceted approach to its insolvency practice enables its attorneys to examine complex legal problems from all angles and to craft legal strategies and solutions that are most effective and efficient for its clients. Contact our bankruptcy law center to learn how we can serve you.

Leaving La Vida LIBOR or SOFR so good? LIBOR will cease in 2021. Are you prepared?

By Ronn Steen, July 21 2020

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As if the current economic markets were not already volatile and uncertain enough, a new problem is looming on the horizon. The end of 2021 will also mark the end of the London Interbank Offered Rate (“LIBOR”), which is the benchmark not only for banks’ short-term transactions but for banks, corporations, and other entities for determining interest rates in various financial transactions and contracts. LIBOR has been the standard for setting interest rates in commercial contracts for over fifty (50) years when it was used in 1969 by J.P. Morgan in an $80,000,000.00 transaction as the basis for the interest rate. There are varied reasons for LIBOR’s demise, but it largely stems from the 2008 market meltdown when LIBOR’s rates were manipulated. While banks and financial institutions are not required to use LIBOR, most do because of its history, the manner that it is calculated, and to ensure uniformity not […]

LARGE RELIEF FOR SMALL BUSINESSES

By Justin Campbell, April 10 2020

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The Small Business Reorganization Act of 2019 affords increased access to Chapter 11 Reorganization for small businesses and some individuals As businesses and individuals struggle to grasp the consequences of the current COVID-19 Pandemic, many businesses are struggling to determine how they will emerge from this pandemic going forward. How will businesses, who may or may not have been financially secure prior to the pandemic, create a financial plan and navigate the uncertainly following the COVID-19 outbreak? Fortunately, a new subchapter of the Bankruptcy Code was recently implemented that might assist those businesses in building such a plan and emerging from the insolvency concerns caused by this pandemic. On February 19, 2020, the Small Business Reorganization Act of 2019 (“SBRA”)[1] became effective, and modified several provisions of Chapter 11 of the Bankruptcy Code. These modifications strive to make Chapter 11 more efficient, affordable, and accessible for small businesses throughout the […]

ECONOMY INTERRUPTED: WILL BUSINESS INSURANCE POLICIES COVER COVID-19 LOSSES

By Phillip Young, April 2 2020

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This article was authored by Phillip G. Young, Jr., a partner with the law firm of Thompson Burton PLLC, and Leena Shetty, a third year law school student at Vanderbilt School of Law. Questions regarding this article or its contents may be directed to Mr. Young at 615-465-6008 or phillip@thompsonburton.com. The COVID-19 outbreak and its consequences have pressured state and federal governments to impose restrictions on businesses across industries, resulting in closings and disruptions to the supply chain and product sales. Many businesses have insurance policies covering business interruption, but will those policies cover losses associated with COVID-19? Generally, business interruption policies cover lost revenue, fixed costs, expenses associated with operating from a temporary location if appropriate, and other reasonable expenses that enable the business to continue to operate. The coverage extends until the end of the business interruption period. Business interruption clauses often require “physical loss or damage” resulting […]

Remote Control Not So Remote: Bankruptcy Remote Entities and Fiduciary Duties

By Ronn Steen, February 13 2017

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Special purpose entities (“SPE” or “SPE’s”) are frequently utilized in financial transactions for any number of reasons including: tax issues, protection of assets, liability insulation (including environmental concerns), and for the benefit of creditors involved in the transaction. SPE’s involve the creation of a corporate entity usually taking the form of a limited liability company, corporation, or limited partnership designed solely to serve a special need between the parties in a transaction. They provide a layer of insulation between one or more of the parties owning the SPE and the outside world. One subset of SPE’s is the “bankruptcy remote entity” (“BRE” or “BRE’s”). A BRE is most often created a the behest of a creditor/lender, and is used to protect that creditor’s collateral from other creditors or in an attempt to prevent a voluntary filing for bankruptcy protection. Typically, the creditor or someone friendly to the creditor is appointed as a […]

CFPB Proposes New Servicing Rule Affecting Mortgages and Foreclosures: The New Myth of Sisyphus

By Ronn Steen, November 24 2014

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In Greek mythology, Sisyphus was punished by the gods as a result of his chronic deceitfulness. Sisyphus was required to push a humongous boulder up a slope every day only to have it roll back down once it reached the top and then repeat the process. The parallels between this myth and the mortgage service industry cannot be understated. As a result of the “mortgage meltdown” and “robo-signing” scandal, the Consumer Financial Protection Bureau (the “CFPB”) was created to give consumers an oversight agency to protect them from rogue mortgage servicers. The CFPB, has previously enacted several rules and regulations designed to end “deceitful” and damaging practices in the mortgage industry. Recently, the CFPB has proposed a new rule designed to provide greater protections to consumers in the default and foreclosure process. The newly proposed rule, which has just been released for review and comment, would alter the Real Estate […]