- Our Practice
The Creditors’ Rights Practice Group at BoltNagi has extensive experience in creditors’ rights and has earned a reputation for being the one of the foremost firms in the U.S. Virgin Islands assisting commercial creditors in pursuing remedies upon debtor default, including enforcement of notes and guarantees, replevins, collections, foreclosures and garnishments.
In good and bad times, borrowers default on their financial obligations. For those affected, the need for effective legal representation can be critical. Our approach to creditor rights representation is, above all, practical – designed to maximize benefits to clients while reducing legal expenses and litigation risks. The clients who use our legal services related to commercial debt collection include banks and other lending institutions, real estate companies, seeking to recover payments on delinquent loans. Among the business creditors we represent are commercial real estate owners as creditors, such as management companies, condominium and apartment owners, building property owners, as well as contractors and material suppliers in creditor actions during foreclosure.
Fully understanding the often critical and time sensitive nature of asset recovery, we utilize actions related to wrongful detention of property or goods, such as replevin and detinue, in order to deprive the defendant of the use of your property, while your case is awaiting trial and help increase the likelihood of a quick settlement.
In the area of foreclosure, BoltNagi provides guidance for creditors in the successful foreclosure of commercial and residential property, which may include real estate workout negotiations, obtaining foreclosure judgments, bidding strategy for auction sales, assurance of good title for foreclosure sales, and proper distribution of proceeds after sale.
We recognize that litigation can be risky, expensive, and yet sometimes necessary. We also appreciate the value of avoiding litigation with speedy alternative dispute resolution. So after a thorough review and analysis of your matter, we develop a tough litigation strategy – while at the same time pursuing a reasonable negotiated settlement.