Pels Anderson, LLCAttorney at Law

http://pallaw.com/

About Us

Pels Anderson, LLC specializes in bankruptcy lawyers in Maryland, Virginia and DC. Our bankruptcy lawyers can help you through a Chapter 7 bankruptcy filing and get you back on track with your finances.

http://pallaw.com/

Bankruptcy laws

Bankruptcy laws help people who can no longer pay their creditors get a fresh start by liquidating to pay their debts or by creating a repayment plan.

http://pallaw.com/

Gateway to Claims

• Bankruptcy law gives tremendous power to Trustees

• Pre-suit discovery under Rule 2004• Liquidating assets provide unlimited

budget to trustees, legal counsel and experts

• National service of process/venue• Private Action Trusts maximize threat

to policy limits

http://pallaw.com/

Types of Claims

CPAs: failed audits, tax advice and preparation Lawyers: PPMs, leveraged buyouts, securities or other client fraud Directors: fiduciary duties, securities fraud, embezzlement? No limit

on any state or federal claim

http://pallaw.com/

Typical Pathway to Claim

• Company files bankruptcy petition in creditor friendly venue

• Trustee appointed• Creditors file claims • Rule 2004 discovery• Substantive Consolidation

of all related parties• Liquidation Plan• Adversary Complaints

http://pallaw.com/

Some Valuable Metrics That You Should Look

• Wage Garnishments• Financial Lawsuits• Debts in unsecured loans• Collection agency issues• Home or Car Repossession• Frozen bank assets

http://pallaw.com/

Settlement

Timing issuesADR• Mediation• ArbitrationEstate liquidation/recoveryBar of third party and creditor claimsClass action• Procedures• Time

http://pallaw.com/

Contact Us

4905 Del Ray Ave., Suite 507 Bethesda, MD 20814 P: (301) 986-5570F: (301) 986-5571

119 North Henry Street Alexandria, VA 22314 P: (703) 684-1897F: (703) 684-1898

http://pallaw.com/

http://pallaw.com/