Representation of Business Clients and Individuals in Non-Bankruptcy Workouts and Bankruptcies. McCarthy, Reynolds, & Penn, LLC is a boutique law firm that focuses on corporate debt restructuring, out-of-court workouts, and commercial bankruptcy litigation. McCarthy, Reynolds, & Penn primarily represents debtors with complex insolvency issues, which may be temporary or long term.
The Firm provides legal counseling and strategic problem solving in an insolvency context. Whether the setback is a result of a sudden change in conditions, a market decline, or other adverse circumstances, the Firm recognizes the stress these situations place on its clients. Although regularly appearing in bankruptcy court, we believe that the best bankruptcy is the one that is never filed.
The Firm frequently engages in successful out of court workouts through innovative solutions. While serving local and national clients, the McCarthy, Reynolds, & Penn Law Firm is involved in some of the most complex bankruptcy cases in South Carolina, most often representing the debtor.
The Firm provides legal counseling and strategic problem solving in an insolvency context. Whether the setback is a result of a sudden change in conditions, a market decline, or other adverse circumstances, the Firm recognizes the stress these situations place on its clients. Although regularly appearing in bankruptcy court, we believe that the best bankruptcy is the one that is never filed.
The Firm frequently engages in successful out of court workouts through innovative solutions. While serving local and national clients, the McCarthy, Reynolds, & Penn Law Firm is involved in some of the most complex bankruptcy cases in South Carolina, most often representing the debtor.
Services
McCarthy, Reynolds, & Penn, LLC is located in Columbia, South Carolina and routinely represents clients throughout the state as well as clients outside of South Carolina.
The Firm primarily focuses its practice on the representation of business clients in non-bankruptcy workouts and bankruptcies.
The law firm of McCarthy, Reynolds, & Penn is located in the central business district of downtown Columbia at 1517 Laurel Street in one of Columbia's historic homes.
The home was renovated in 2012 in order to meet the needs of today's clients, with modern law office technology, while still maintaining its historic charm.
The Firm primarily focuses its practice on the representation of business clients in non-bankruptcy workouts and bankruptcies.
The law firm of McCarthy, Reynolds, & Penn is located in the central business district of downtown Columbia at 1517 Laurel Street in one of Columbia's historic homes.
The home was renovated in 2012 in order to meet the needs of today's clients, with modern law office technology, while still maintaining its historic charm.
Administrative Creditor - Administrative creditors are creditors who have provided services or goods that benefit the Debtor.
Because these creditors are extending these services for the benefit of the Debtor, and as a result for the benefit of the debtor's creditors, these claims are afforded a higher priority than the other unsecured creditors.
Chapter 7 - Is an option for both limited liability entities and Individuals under most circumstances.
A Chapter 7 bankruptcy is a complete liquidation of all assets of the Debtor.
Because these creditors are extending these services for the benefit of the Debtor, and as a result for the benefit of the debtor's creditors, these claims are afforded a higher priority than the other unsecured creditors.
Chapter 7 - Is an option for both limited liability entities and Individuals under most circumstances.
A Chapter 7 bankruptcy is a complete liquidation of all assets of the Debtor.
What documents/info should I bring to a first meeting?
A budget, a list of assets and values; a list of debts and the amounts; are the debts secured; copies of loan documents or forbearance agreement; historical profits and losses; list of lawsuits; and have thought out what you would like to accomplish with a workout/bankruptcy.
I do not want to file bankruptcy, is there any other option?
Our firm specializes in what is called a "non-bankruptcy workout."
Anything that can be done in bankruptcy court can be done outside of bankruptcy court.
A budget, a list of assets and values; a list of debts and the amounts; are the debts secured; copies of loan documents or forbearance agreement; historical profits and losses; list of lawsuits; and have thought out what you would like to accomplish with a workout/bankruptcy.
I do not want to file bankruptcy, is there any other option?
Our firm specializes in what is called a "non-bankruptcy workout."
Anything that can be done in bankruptcy court can be done outside of bankruptcy court.
D.J. was born in Myrtle Beach, SC.
Growing up in a military family, he moved around the Southeast, before his family settled in the Charleston, South Carolina area.
In 2003 D.J. graduated from the College of William and Mary in Virginia earning both his law degree and a Masters in Business Administration.
During Law School, D.J. was a member of the William and Mary Law Review and was honored as the American College of Bankruptcy's gifted student for the Fourth Circuit.
Upon graduation from law school, D.J. was selected as the College of William and Mary's recipient of the American Bankruptcy Institute's Academic Award of Excellence.
Growing up in a military family, he moved around the Southeast, before his family settled in the Charleston, South Carolina area.
In 2003 D.J. graduated from the College of William and Mary in Virginia earning both his law degree and a Masters in Business Administration.
During Law School, D.J. was a member of the William and Mary Law Review and was honored as the American College of Bankruptcy's gifted student for the Fourth Circuit.
Upon graduation from law school, D.J. was selected as the College of William and Mary's recipient of the American Bankruptcy Institute's Academic Award of Excellence.
Harrison is a member of the South Carolina Bar and the South Carolina Bankruptcy Law Association.
Harrison previously served as the judicial law clerk to The Honorable David R. Duncan, United States Bankruptcy Court - District of South Carolina.
Harrison was born in Martinsville, Virginia.
He moved to Sumter, South Carolina in 1989, where he graduated from high school.
He attended Wofford College in Spartanburg, South Carolina.
In 2001 he graduated from Wofford College with a B.A. degree in government.
Harrison previously served as the judicial law clerk to The Honorable David R. Duncan, United States Bankruptcy Court - District of South Carolina.
Harrison was born in Martinsville, Virginia.
He moved to Sumter, South Carolina in 1989, where he graduated from high school.
He attended Wofford College in Spartanburg, South Carolina.
In 2001 he graduated from Wofford College with a B.A. degree in government.
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