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.
One of your customers sends you notice it has filed for chapter 7 or chapter 11 bankruptcy protection rather than the payment for goods or services provided that you were expecting. You understand that you now have a “claim” against the “debtor,” in bankruptcy parlance. You are not quite sure you want to deal with […]