Bankruptcy

Udall Shumway represents clients in federal bankruptcy court and in state court receiverships.  The firm filed one of the first petitions in the United States under the recently enacted Subchapter V to Chapter 11 of the Bankruptcy Code. Subchapter V bankruptcies allow certain “small business” debtors with debts below a threshold to participate in a more streamlined procedure that makes confirmation of a Chapter 11 plan of reorganization more feasible for small businesses.

Udall Shumway also offers traditional Chapter 11, Chapter 13, and Chapter 7 bankruptcy services.  The experience of partner Joel Sannes will guide your business or you through the decision whether bankruptcy protection is appropriate for you and if so, guiding you through the process. Sannes is also experienced in representing creditors and creditors’ committees in bankruptcy, including filing adversary actions for non-dischargeability. He also has experience in involuntary bankruptcies and receiverships.  His background also includes non-bankruptcy commercial and residential loan foreclosures, both asserting and defending against creditor rights.

Joining Sannes in creditor rights representations is Udall Shumway partner James Reed.  Reed has handled creditor claims in bankruptcies and receiverships for some of the largest construction materials suppliers in Arizona, including in the five hundred million dollar Terminal 3 expansion at Sky Harbor Airport.  Sannes and Reed both independently represented clients during the mammoth Mortgages Limited bankruptcy of Arizona’s largest commercial lender, following its nearly $1 billion collapse.  Udall Shumway also provides creditor security services for mechanic’s lien and payment bond rights in state and federal courts and in bankruptcy courts.

Bankruptcy and Receivership services:

For more information on your bankruptcy questions please reach out to jbr@udallshumway.com or jes@udallshumway.com or call 480.461.5307.