Practice Areas - Bankruptcy

In every type of economy, certain individuals and businesses face the challenge of insolvency. Whether it is from a job loss or medical problems, business downturn or financing issues, you need help and guidance in pursuing a bankruptcy filing. Strip, Hoppers, Leithart, McGrath & Terlecky Co., LPA will help you to understand the bankruptcy process and understand your rights. Bankruptcy is a complex and difficult process; it is imperative that you have a solid team behind you.

Our experience ranges from the individual Chapter 7 bankruptcy to the complex Chapter 11 individual and business reorganizations. Our reputation and know-how is bolstered by the having a current Chapter 7 panel Trustee, Myron N. Terlecky, as a partner in our firm. Having represented debtors, creditors and trustees gives us a unique and keen understanding of the issues that may arise in a bankruptcy. There are few issues that we have not seen before; we know which need to be dealt with first, so we can assist you in crisis management.

Our representation of you will start with an introductory meeting. We will spend time with you so we may understand your unique situation and what brought you towards the idea of bankruptcy. Our attorneys know which questions to ask and which approaches to take so that we can find the best options for you. We will be honest: if bankruptcy isn't the appropriate option, we will tell you what can be done, such as workout agreements or restructuring plans short of bankruptcy. Our goal is to give you the information you need to decide.

Should you choose to file a Chapter 7 or Chapter 11 bankruptcy with our firm, we will delve into your financial picture, gathering the needed documents and information necessary to fill out your bankruptcy petition. We know how to parse through the collection letters, bills and contracts to find the information needed. The Bankruptcy Court and the Trustees require professional and complete filings. That is what we provide.

During the course of your representation, we can provide the following services:

  • Completion of the Bankruptcy schedules, including creation of the creditor matrix.
  • Completion of the Means Test Analysis.
  • Analysis of all executory contracts and leases.
  • Housing analysis, including negotiation with mortgage lenders
  • Negotiation of Reaffirmation Agreements
  • Preparation of First Day Motions and Reorganization Plans
  • Asset sales
  • Avoidance Litigation, and defense of the same
  • Any other bankruptcy-related litigation
  • Honest and prudent advice

This firm and its members help people to file for bankruptcy relief under the Bankruptcy Code. This qualifies the firm and its members as a "debt relief agency" under 11 U.S.C. 528(b)(2)(B).

Representing Creditors

Our attorneys also have significant experience in representing creditors before the Bankruptcy Court. Please see details on the type of representation we can provide in the Creditor Representation Section.

Our Bankruptcy Attorneys

A.C. Strip - Attorney Strip is a partner in our firm and has nearly 50 years of experience in representing Debtors in bankruptcies. Myron N. Terlecky - Attorney Terlecky is a current Chapter 7 panel Trustee with over 20 years of experience in Chapter 7 and Chapter 11 bankruptcy representation. Attorney Terlecky is a respected member of the Bankruptcy bar and can provide much-needed guidance during hard times.
James A. Coutinho - Attorney Coutinho is the newest member of our firm. Jim Coutinho joined us to augment our bankruptcy practice, and since joining has excelled in his representation of Debtors and Creditors alike.