Practice Areas - Creditor Representation

Every business has receivables that are difficult to collect. Individuals and business customers often go through tough times that result in slow paying their creditors or refusing to pay altogether due to insolvency. When collections issues arise, it is crucial to act fast, lest you lose any opportunity to collect. If your customer files bankruptcy, time can be of the essence to make sure your claims are properly presented to the court.

Strip, Hoppers, Leithart, McGrath & Terlecky Co., LPA, doesn't just represent insolvent debtor individuals and companies. Our firm also provides a large amount of creditor representation prior-to and during bankruptcy or other insolvency proceedings. Our attorneys frequently work to collect past-due amounts in a legal and ethical manner. We work hard to ensure that you can collect on what you are owed, while at the same time trying to keep collection costs at a minimum.

In bankruptcy and other insolvency proceedings such as receiverships, our firm can guide you through the claims and litigation process to assure that you can recover what the law allows. We are skilled in the following areas:

  • Proofs of Claim - We frequently file proofs of claim on behalf of creditors, and defend the claims against any challenges.
  • Involuntary Bankruptcy - We have filed involuntary bankruptcies to protect creditor interests, preserve assets and facilitate sales.
  • Chapter 11 Plans - Where the debtor has failed to propose an adequate reorganization plan, we have prepared and proposed chapter 11 plans on behalf of creditors.
  • Reclamation Claims - We have represented creditors in attempting to reclaim goods sold on credit to debtors on the eve of bankruptcy.
  • Contract Assumption - We have represented commercial real estate companies, manufacturers, and suppliers in protecting their interests under leases and contracts with companies in bankruptcy.
  • Discharge Litigation - For debts that have been acquired through, among other examples, fraudulent conduct, we have assisted creditors in receiving orders disallowing the discharge of a debt.
  • Avoidance Action and other Defense work - We routinely defend preference, fraudulent transfer and other avoidance action claims filed against our clients by bankruptcy debtors and trustees.
  • Receivership Actions - We routinely file motions on behalf of creditors to force the appointment of a Receiver for the assets of a debtor.

Our Creditor Representation Attorneys

Myron N. Terlecky - Attorney Myron Terlecky is a current Chapter 7 panel Trustee with over 20 years of experience in representing creditors. James A. Coutinho - Attorney Jim Coutinho focuses on insolvency matters, including bankruptcy. He is experienced in assisting creditors with claims against bankruptcy estates.
A.C. Strip - Attorney A.C. Strip is renowned for his work in receiverships. Over the last 50 years, Attorney Strip has been at the forefront of this area of the law both in acting as and representing receivers. John W. Hoppers - Along with Attorney Strip, Attorney John Hoppers has been a central player in hundreds of central Ohio receiverships. His experience during the wind down of a company is essential.
Aaron C. Firstenberger - Attorney Aaron Firstenberger, having worked along side Attorneys Strip and Hoppers for a decade, has developed his own strong reputation for his excellent receivership work.