My name is Bill Carn. I am a longtime creditor's rights attorney in the Middle District of Alabama (and elsewhere on occasion), and for about the last 10 years, a Panel Chapter 7 Trustee. As a member of the Association of Credit and Collection Professionals, I also represent selected debt collection clients.
I don't know if it is the economy, the internet, fear, panic, or some other unknown animal, but in the last 8-10 months there seems to have been a notable increase in questions from the creditors' corner of the ring. It occurs to me that a blog devoted to bankruptcy in general, from the perspective of one who is both creditor's attorney and trustee, might be informative. I will also include from time to time matters that, while not directly related to bankruptcy, relate to the management of distressed loans.
One of the beauties of blogging is that it encourages the timely exchange of information. Most creditors who receive a bankruptcy notice are under water, or very close, and time is critical. I hope that with this blog we can offer timely information that will assist the credit community in the management of their bankruptcy exposures. And if you lend, you will have bankruptcy exposure. Your job is to manage it effectively.
Thanks very much for reading.
