Address: 400 N Mountain Ave, Upland, CA 91786, USA
Phone: +19099200443
Sunday: Closed
Monday: 9AM–5PM
Tuesday: 9AM–5PM
Wednesday: 9AM–5PM
Thursday: 9AM–5PM
Friday: 9AM–5PM
Saturday: Closed
Michelle
Professional, knowledgeable, helpful, took the time to explain and answer any and all questions. Will surely refer family and friends to this amazing attorney. Thank you for all your help and informative input.
Jax Rodriguez
Comfortable from secty to attorney was fair in price extremely knowledgeable and answered all our questions above and beyond I highly recomend his law firm.... Jax
Upland Rotary
I am a local business attorney that has referred numerous clients to Derek over the years. He has always provided accurate, professional advice and excellent representation. Derek is the only certified bankruptcy expert in San Bernardino County and I will continue to use him in the future.
Steven Serna
Derek May offers exceptional legal counseling and service to help get clients through the bankruptcy process. He is professional, easy to talk with, courteous, detailed oriented, and cares about his clients. He helps to make complicated legal processes as easy and understandable as possible. You are not likely to find better bankruptcy representation in the Inland Empire.
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There are many aspects of the business that can be reorganized in a Chapter 11. Pensions can be setup in different ways and some are more difficult than others to modify through a Chapter 11. You would need to pay close attention to the Chapter plan and you may need to file a claim in the case to preserve your rights. The same is true for health insurance. A lot of what happens will depend on whether the business continues to operate as a going concern, its assets are sold to another company, or the business ceases operations. Your health insurance and pension are two very important parts of your whole financial picture. My recommendation is that if the company does in fact file Chapter 11, you should meet with an experienced bankruptcy attorney to make sure you don't inadvertently give up any of your benefits by missing filing deadlines or not taking an active role in protecting yourself as a stakeholder in the case.
In some cases you can reduce the amount you owe or reduce the interest rate. This is based mainly on the value of the collateral securing the loan. Feel free to call my office and I can discuss it with you in more detail.
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