Creditor

Former Phillie and Met outfileder Lenny Dykstra has just settled a suit with accounting firm DDK & Co. claiming he balked at paying his $138,872 bill.  DDK & Co. is just one of many in a list of businesses and individuals who claim the former major leaguer owes them money.  The former publisher of his Magazine, Players’ Club, past employees and Getty Images all claim they are owed money for good or services provided.

The subject matter of Dykstra’s magazine: to instruct athletes how to invest wisely for their future.

Read more about the slow paying ball player.

Commercial collection and creditor lawyers are going seeing a rise in landlord / tenant matters they are handling.  As the credit crisis continues to move through the economy many landlords are relying on creditor attorneys to renegotiate lease agreements with commercial tenants.  As consumers hold onto their cash, and credit dries up, many commercial tenants are unable to meet their lease obligations.  Additionally more commercial retailers are seeking bankruptcy protection which will almost immediately impact their lease obligations.

Commercial landlords should seek the assistance of creditor attorneys who specialize in representing landlords in commercial lease negotiations and who also have experience protecting creditor’s rights in reorganization matters.