Severson attorneys provide full service representation to commercial and consumer creditors.

Workouts

We have handled hundreds of loan workouts and restructurings for secured parties of all types extending credit into every industry. These restructurings often involve real or personal property collateral, guarantees, extension and forbearance agreements.

Creditors’ Rights and Enforcement of Remedies Against Collateral

We have extensive expertise in Article 9 of the UCC and all the rights and remedies of a secured party under law and contract including extensive experience with purchase money security interests of sellers of goods. Advice and counseling compliance with the UCC strictures for repossession and sale of collateral are available with little or no research given the experience of our lawyers. Judicial and non-judicial foreclosure of deeds of trust and mortgages against real property have been handled on hundreds of occasions. Litigation to preserve and protect collateral and obtain money judgments are always in our enforcement quiver and can be brought quickly and efficiently.

Commercial Bankruptcy

Severson attorneys have appeared in most bankruptcy courts in the country on a myriad of matters and played lead roles in many large Chapter 11 cases in California and other states. Our attorneys are skilled at both the negotiation and the litigation required to maneuver successfully through an insolvency proceeding. Relief from stay, adequate protection, use of cash collateral, post-petition financing, sales of assets, purchases of assets, executory contract assumption and rejection, and plan confirmation have all been orchestrated by our attorneys through negotiation and litigation. We have also defended creditors against the claims of debtors, trustees, and creditors’ committees, including preference and priority litigation.

Consumer Bankruptcy

Severson has a specialized group of attorneys and paralegals who provide cost-effective representation in the consumer bankruptcy forum. The group uses state-of-the-art technology (custom databases, pleading templates), to manage a high-volume caseload with great efficiency. The group routinely handles a variety of pre- and post-confirmation issues in Chapter 13 bankruptcies, including filing proofs of claim and reviewing plans of reorganization for issues pertaining to feasibility, good faith, and adequate protection of collateral. In addition, the group has extensive experience in Chapter 7 matters, including issues pertaining to relief from stay, dischargeability, and lien-stripping litigation.