What is a creditors’ rights attorney?

A creditors’ rights attorney is an attorney who specializes in representing either creditors or debtors in matters pertaining to creditors’ rights law. Creditors’ rights law in Tennessee governs the relationship between creditors—such as businesses or banks—and debtors—those responsible for paying back loans or other debts. Creditors’ rights attorneys not only help creditors and debtors reach agreements on debt payments, but they can also help ensure that lenders and borrowers abide by the laws set forth in the state. Creditors’ rights attorneys help creditors collect payments, negotiate terms, and initiate legal proceedings if necessary. They help lenders with garnishments and other collection proceedings, and they help debtors understand their options when it comes to debt repayment plans. Creditors’ rights attorneys also represent clients in bankruptcy proceedings and can offer advice on the best course of action in the event of a foreclosure or repossession. Creditors’ rights attorneys practice in both state and federal courts and are generally knowledgeable when it comes to matters of contract law. With their deep understanding of both lenders’ and borrowers’ rights, they are well equipped to help parties come to a mutually beneficial agreement.

Related FAQs

Can creditors threaten or harass a debtor in order to collect a debt?
What is the meaning of “fraudulent transfer”?
How can creditors protect their rights in a bankruptcy proceeding?
What is a setoff action?
What is a “confirmation hearing”?
What is an adversary complaint?
When is a creditor’s claim considered “timely”?
What are the rights of creditors?
What is a post-judgment discovery?
What is an unsecured creditor?

What is a creditors’ rights attorney?

Related FAQs

Related Blog Posts