A Path To Profitability
Butler & Butler, LLP, is a high-quality bankruptcy firm serving North Carolina businesses. As one of the most established bankruptcy firms in Wilmington and Eastern North Carolina, our attorneys are prepared to help you use corporate bankruptcy pull your business out of debt and put it on the path to profitability.
Reorganization For Businesses
Chapter 11 bankruptcy is a good option for small businesses and larger corporations struggling with more debt than they can afford. This form of bankruptcy offers several advantages. Most importantly, Chapter 11 bankruptcy does not mean the end of your company. It is a chance for you and your partners to come up with a reorganization plan that will increase your profitability, and negotiate reasonable payment plans with your creditors.
In fact, Chapter 11 bankruptcy starts working for you the moment you file. Once you file, the court issues a stay against all collection activities by debt collectors. This will give your company the chance to continue doing business, as well as time to negotiate new terms and examine claims made by creditors for errors. You will retain control over your facilities and other assets as a debtor in possession, even if creditors have placed liens on that property.
Our bankruptcy lawyers are thoroughly experienced working with North Carolina businesses of all sizes. We will work closely with you to file for bankruptcy and come up with a solid reorganization plan. We will also help you negotiate with creditors to transform your company’s debt into manageable payments. Our goal will be to make sure your business is poised for success.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.