Jackson & Jackson has extensive experience and expertise in meeting the needs of our creditor’s rights clients in complex collection matters.
One of our clients found themselves with over $90,000 in outstanding balances from three related companies in the oil and gas industry. Complicating matters, two of the entities filed for Chapter 11 bankruptcy protection in the Southern District of Texas in Houston.
Jackson & Jackson filed two suits in state court in order to pursue recovery of the delinquent balances from the three companies. In addition to filing Proofs of Claim on behalf of our client in Houston’s federal bankruptcy court and maintaining the state court suits, Jackson & Jackson attorneys identified numerous oil and gas lease operations of the debtor companies and successfully filed liens asserting the secured creditor’s privilege on the oil and gas operations in accordance with Louisiana and federal oil, gas and water wells law.
The efforts of Jackson & Jackson to protect the interests of its creditor client and subsequent successful encumbering of oil and gas operations collateral of the debtor companies proved successful, leading to the full recovery of the outstanding balances for the client in addition to recovery of attorney’s fees.
If your company is faced with problematic receivables, contact Konrad Jackson at the firm’s New Orleans office at (504) 525-5090 to review your options for recovery of problem commercial receivables. All initial client consultations are free and without obligation.