Michigan Bankruptcy, Insolvency & Creditors' Rights

Banas and Associates represents secured and unsecured creditors, debtors, trustees, financial institutions and other entities in a broad spectrum of insolvency related matters including bankruptcy and insolvency related litigation, chapter 11 reorganizations, chapter 7 liquidations and out-of-court restructurings and liquidations. The range of industries in which we have handled bankruptcy and insolvency matters include automotive, real estate, manufacturing, construction, health care and retail. We also assist out of state attorneys as local counsel in Michigan bankruptcy cases.

Representative Clients

Our attorneys have substantial experience representing a broad range of constituents in insolvency matters including:

  • Financial institutions
  • Landlords
  • Creditors Committees
  • Debtors in Possession
  • Chapter 11 and Chapter 7 Trustees
  • Distressed businesses
  • Secured and unsecured creditors
  • Customers and vendors
  • Professionals

Specialized Services and Representative Transactions

We assist clients in a range of transactions, in and out of court:

  • Assets sales in bankruptcy cases and other distressed situations including analysis of successor liability issues
  • Chapter 11 reorganizations or out-of-court restructurings
  • Chapter 7 liquidation proceedings or out-of-court liquidations
  • Claim resolution proceedings
  • Negotiation of forbearance agreements
  • Assignments for the benefit of creditors
  • Receiverships
  • Bankruptcy and insolvency related litigation
  • Professional retention and fee disputes
  • Jay Alix Protocol retention and payment issues
  • Involuntary bankruptcy proceedings
  • Cross-border insolvency issues
  • Zone of insolvency and fiduciary duty issues
  • Representation of landlords in tenant bankruptcy cases.

We welcome you to contact Banas and Associates to discuss how we may be of service.

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