Bankruptcy is governed by federal laws under Chapter 11 of the United States Code. Bankruptcy filings take place in specialized federal bankruptcy courts presided over by a judge that does nothing but adjudicate bankruptcy cases.  This means that bankruptcy law is highly specialized and should only be practiced by those who are familiar with the laws, the rules and the roles of the various parties in bankruptcy. The Sapientia Team represents all sides in bankruptcy proceedings including debtors, secured lenders, vendors, and Official Committees of Unsecured Creditors.  We practice in all bankruptcy districts in the upper Midwest and have litigated adversary actions in bankruptcy courts around the country. We also work with clients and their lenders to try to avoid bankruptcy. Only by knowing what your bankruptcy options are can you negotiate for a position of strength when a loan has been called or is threatened to not be renewed. We evaluate options for sales of businesses in financial duress and we litigate in bankruptcy court or in courts outside of bankruptcy when necessary to collect what is due to our clients from their customers. We talk to individuals and businesses about the pros and cons of the various kinds of bankruptcies, and file Chapter 7, 11, 12 and 13 bankruptcy cases as fits the situation of each client.  We have been at the forefront of Subchapter V small business Chapter 11s since that law was passed in 2019.

We strive to educate our clients as to the options available to them. In the area of insolvency, there is no such thing as a cookie cutter response to your problem and we only recommend filing bankruptcy when that is the best option.