BANKRUPTCY SERVICES

When a debtor files for bankruptcy protection, time is of the essence. Therefore, as a standard operating procedure, Metro Group Maritime files a proof of claim on our clients' behalf as soon as we learn of bankruptcy proceedings. This practice minimizes the possibility of missing any court mandated bar dates.

Additionally, we assiduously monitor all bankruptcy proceedings in order to ensure that our clients' claims are being looked after properly; and in the event of a distribution, we are able to expedite payment to our clients.

Metro Group Maritime has also developed expertise in defending our clients against preference actions. In the event of a reach-back situation, we have been able to successfully negotiate with bankruptcy trustees to reduce the amount our clients' have had to reimburse debtors in the form of preference payments. This translates into more money being left in our clients' pockets.