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INSOLVENCY DEPARTMENT
1) We will process and file Proofs of Claim on your behalf to protect your interests. Without an accurate Proof of Claim on file, you cannot receive a proper distribution if the debtor omits or incorrectly states your claim balance on its schedules .
2) We will monitor bankruptcy proceedings, both under Chapter 11 or Chapter 7, as well as Assignments for the Benefit of Creditors cases and keep you apprised of any pertinent developments.
3) The President of our company, Arthur C. Unger, is a member of the American Bankruptcy Institute (ABI) and the National Society of Public Accountants (NSPA). He has been involved in hundreds of cases as either Secretary, Accountant or Financial Consultant to Creditor Committees, Trustee in Bankruptcy, Assignee for the Benefit of Creditors and Escrow or Disbursing Agent. We can provide free, expert advice whenever required.
4) Should a representative from our Insolvency Department be requested to attend court hearings, 341 meetings, Chapter 11 Creditors' Committee meetings, or for any other participation pertaining to an insolvency, such services are billed at nominal hourly rates plus reimbursement of out-of-pocket expenses.
5) We can assist you in your review of Plans of Reorganization. Our President is an Accountant (NSPA member) and Financial Consultant (ABI member) who can render sound advice whenever needed.
6) We can help you with the recovery of merchandise or proceeds thereof pursuant with Section 2-702 of the Uniform Commercial Code or Section 546C of the Bankruptcy Code.
7) We can assist you in the filing of Involuntary Petitions in Bankruptcy through our nationwide network of affiliated insolvency attorneys. Our President, a member of the American Bankruptcy Institute and the Commercial Law League of America, is personally acquainted with hundreds of insolvency attorneys across the country.
8) Through our affiliate company, Arthur C. Unger & Company, a financial consulting firm specializing in the insolvency field, we can assist you in preparing defenses to preference actions when you are sued by debtors in possession or Trustees. They are experts in preparing ordinary course of business, new value and contemporaneous exchange defenses.
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