In today’s interconnected world, Chinese individuals and companies are increasingly engaging in more commercial transactions with American companies. These transactions may take the form of debt or equity investments, purchase orders by customers, and other situations that involve the extension of credit. Inevitably, some of the American counterparties will file for bankruptcy.
Bankruptcy law in the United States is a specialized field that is often best left to lawyers that concentrate in that area. There are many hurdles that creditors have to navigate in a bankruptcy case. Many creditors need to file a claim by a court ordered deadline, or else they will be forever barred from recovering against the debtor. Secured creditors need to protect their interest in their collateral. Creditors also need to monitor whether the debtor will object to their claim and respond accordingly.
Edward had previously been an attorney within the bankruptcy practices of Weil, Gotshal & Manges and Baker & McKenzie. In representing creditors, Edward has filed claims that total more than a billion dollars. Moreover, in representing debtors, he has resolved far more claims. Edward has worked on some of the largest bankruptcy cases, such as General Motors. He has also drafted numerous chapter 11 plans, so he is capable of guiding creditors through the process.
If you need counsel in an American bankruptcy case, contact Edward Wu of Reid & Wise at ewu@reidwise.com.
© 2024 Reid & Wise LLC. All Rights Reserved.