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About Lars Peterson
Mr. Peterson is of counsel with Lowis & Gellen LLP, in Chicago, Illinois. He represents clients in a broad range of credit and insolvency related matters, including all aspects of creditors’ rights and bankruptcy litigation. Mr. Peterson has represented secured and unsecured creditors, creditors’ committees, commercial landlords, indenture trustees, debtors, and other participants in litigation, bankruptcy and workout matters.
Articles by Lars Peterson
Why Sell a Bankruptcy Claim? Imagine this: One of your customers sends you a notice stating it has filed for chapter 7 or chapter 11 bankruptcy protection rather than the payment for goods or services provided that you were expecting. In technical terms, you now have a “claim” against the “debtor,” but you aren’t sure you want to deal with the bankruptcy process and delay only to recover part of what you are owed. When a bankruptcy claims purchaser offers to purchase your bankruptcy claim from you for cash, you […]