Chapter 11 bankruptcy is available to corporations, partnerships and other businesses that need debt relief to remain viable. During this form of bankruptcy, the Chapter 11 debtor proposes a reorganization plan to pay debts over an extended period of time. Bankruptcy often allows debtors to remain in business while making adjusted payments to creditors.
At Nicholls & Crampton, P.A., our Raleigh Chapter 11 bankruptcy lawyers are certified as bankruptcy specialists by both the North Carolina State Bar and the American Bankruptcy Board of Specialization. We provide knowledgeable and professional representation to Chapter 11 debtors, creditors and creditors' committees in individual business and corporate bankruptcies.
Rehabilitating a Business Through Chapter 11 Reorganization
Is your business operating at a loss? Are you a creditor who is unable to collect on a business debt? Our North Carolina debt reorganization attorneys can advise your business on filing for — or protecting your creditor rights during — Chapter 11 bankruptcy. Chapter 11 bankruptcy stops business foreclosure and freezes debt collection. However, it may also transfer ownership of the business to the business' creditors. It is a complex process that depends on a number of circumstances and can lead to different results for different businesses.
We can help you navigate Chapter 11 reorganization rules and ensure that your legal rights as debtor or creditor are protected while:
- Filing a voluntary or involuntary Chapter 11 bankruptcy petition with the proper bankruptcy court
- Preparing and filing bankruptcy schedules, including schedules of assets, liabilities, income and expenditures
- Negotiating, preparing and filing a plan of reorganization
- Attending the bankruptcy administrator's creditor meetings (section 341 meetings)
- Attending Chapter 11 reorganization hearings
Contact Our North Carolina Debt Reorganization Lawyers
Our bankruptcy lawyers are respected by attorneys throughout North Carolina. Attorney Gregory B. Crampton was the first North Carolina attorney to be inducted as a fellow in the American College of Bankruptcy while attorney Kevin L. Sink serves as the vice chair of the Bankruptcy Specialization Committee of the North Carolina State Bar. Both attorneys regularly speak on business bankruptcy.
For sophisticated representation during a Chapter 11 reorganization, contact our law firm by calling 919-827-0994.