For the average utility, it isn’t as easy as “shutting off the lights.”
Utilities—providers of such essentials as electricity, water and gas service—are specially treated by the Bankruptcy Code. On one hand, utilities are required to provide service to a newly filed bankrupt party, even to the point of requiring the utility to reconnect service. On the other hand, the Code requires debtors to provide adequate assurance of payment to the utility within 20 days of the petition date.
Whether it’s advising debtors or creditors, Bernstein-Burkley has an adept understanding of this section of the Bankruptcy Code and can counsel clients on how to create an efficient system for handling utility bills and defaults in bankruptcy.
Contact our team at Bernstein-Burkley today at 412-456-8100 to see how we can assist you in Bankruptcy and Restructuring services.