Frequently Asked Questions
How do cases come to Michael Moecker & Associates?
- A debtor may voluntarily seek assistance
- A lawyer or accountant may refer a client
- A creditor may refer a debtor who expressed willingness to negotiate
- A creditor may ask us to contact a debtor who is known to be expressing financial difficulties in order to call a meeting of creditors
What is the role of lawyers and accountants?
- Lawyers and accountants work closely with Michael Moecker & Associates on both sides of the negotiations
- If representing a debtor, either may engage Michael Moecker & Associates as a neutral forum for an out-of-court resolution to the client’s problem. Often it is the only recourse other than a more costly, unappealing bankruptcy petition, and it alleviates the administrative burdens on an attorney
- Creditors committees often employee an attorney to provide legal advice or draft formal opinions, agreements and other documents
What do the Michael Moecker & Associates services cost?
- Michael Moecker & Associates is compensated for its work either on a percentage of the proceed of the liquidation basis like a bankruptcy trustee or on a billable hours plus out-of-pockets cost basis, depending on the requirements of the case.
- Additional information on fees available upon request