Creditors

Otterbourg P.C. Launches Mass Tort Bankruptcy Practice Group, Providing Unprecedented Legal Support for Creditors and Fiduciaries

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New York, NY – Otterbourg P.C. has officially announced the launch of its Mass Tort Bankruptcy Practice Group. This move formalizes a highly successful informal practice group that has operated within Otterbourg for the past few years. The Mass Tort Bankruptcy Practice Group provides advice and representation to creditors and fiduciaries of creditors, including tort claimants, governmental units, official committees, ad hoc committees, future claimant representatives, and settlement trust trustees and committees. This includes offering support during bankruptcies involving significant mass tort liabilities. Led by Bankruptcy and Restructuring Partner Sunni P. Beville and Litigation Partner … Read more

Empowering Financial Justice: Creditor Law Group Champions Consumers Against Unscrupulous Creditors

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Philadelphia, PA – American households are burdened with an alarming amount of debt, according to recent data from Experian. The average household debt in the United States reached $103,358 in the second quarter of 2023, and by the third quarter, total household debt had risen by $228 billion to a staggering $17.29 trillion, as reported by the Federal Reserve Bank of New York. These numbers underscore the financial challenges faced by many American families, who often find themselves in distress. Unfortunately, some debt collectors exacerbate the situation by engaging in unscrupulous practices. However, there is … Read more