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Chapter 11 Bankruptcy
& Corporate Reorganization
Attorneys in Wilmington, North Carolina

Informed Counsel From Successful Bankruptcy Attorneys

The attorneys of Butler & Butler LLP practice law at the highest level of professionalism and are dedicated to providing legal services of unsurpassed quality to our clients. Our attorneys possess the experience and expertise to achieve excellent results in any given case. We strive to be efficient, seek to resolve our clients’ issues through negotiation in appropriate cases and when it would be economical to do so, and will not hesitate to litigate when in the best interest of our client.

Having extensive experience in Chapter 11 corporate bankruptcy cases and business reorganizations, the attorneys of Butler & Butler LLP have a high rate of success in meeting and exceeding our clients’ goals in both reorganization and liquidation cases. We have significant knowledge and familiarity with the issues and economic realities of financially distressed situations and can provide realistic and creative solutions to complicated problems.

Protection For Your Business

The powerful provisions of Chapter 11 offer a great amount of protection and flexibility to financially distressed businesses in need of restructuring their debts or when they are experiencing corporate insolvency (the inability to pay one’s debts when due). Under Chapter 11, litigation can be stopped, debts can be eliminated or stripped down, payment terms can be greatly extended, and interest rates can be reduced.

Solvent businesses experiencing cash flow problems but wishing to satisfy their debts in full can utilize Chapter 11 bankruptcy to provide for a moratorium (a legally authorized period of delay in the performance of a legal obligation or the payment of a debt) on debt payments. This can enable the company to re-establish a positive cash flow and renegotiate much more favorable payment terms with its creditors, while allowing management to focus on business operations and on improving profitability, instead of fending off creditors.

A Wide-Range Of Solutions

Chapter 11 also can be used by individuals with complex problems or debts in excess of the eligibility limits for Chapter 13 bankruptcy.

In Chapter 11, the debtor typically continues to operate as a debtor-in-possession with current management maintaining control of the debtor’s day-to-day business operations, while the bankruptcy court generally approves significant business decisions. The end result of a successful Chapter 11 reorganization is the confirmation by the court of a plan of reorganization which establishes new payment terms between the debtor and its creditors.

Reach Out For A Consultation

One of the biggest mistakes that management can make is to wait too long to contact competent bankruptcy counsel. Consultation with an expert in our firm can provide you with valuable knowledge of your options and the confidence of having expert representation to solve financial problems when, or before, a crisis situation arises. Contact our lawyers in Wilmington, North Carolina, today if you believe we may be of assistance to you or your business.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Let's put a plan in place to benefit your business.

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 to 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.

Schedule A Consultation

For more information about Chapter 11 bankruptcy, please call our office and schedule an appointment with one of our lawyers. If you prefer, you can reach us via email instead.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.