CHAPTER 11 BANKRUPTCY LAW FIRM IN NORTH CAROLINA HELPING BUSINESSES WITH THEIR DEBT

In a competitive economy, it takes very little for a business to become overwhelmed by debt. A business interruption, a health crisis for an owner or partner, or another setback might be all it takes. Thankfully, there are options for businesses to overcome debt and keep moving forward. One of those options is filing Chapter 11 bankruptcy.

Sound Guidance Through A Complex Process

Chapter 11 is a type of bankruptcy typically used by businesses. It can be used by sole proprietorships, partnerships and corporations. However, the way it will be used will vary dramatically depending on the business entity. For example, Chapter 11 for a sole proprietorship where the business owner’s assets and the business’s assets are intertwined will be much different from Chapter 11 for a corporation that is a distinct entity.

The issue only becomes more complex from there, making it critical that you choose an experienced bankruptcy lawyer to guide you through the process. You can find that bankruptcy lawyer at the law offices of Gillespie & Murphy, P.A.

Reorganizing Business Debt

Chapter 11 is similar to Chapter 13 in that it calls for a reorganization of debt. Through this process, our attorneys will help you create a plan to pay back business debt over the course of a set period of time. The plan will be designed to be realistic. Our goal is to get your business back on solid financial ground, and we will stand by your side until you get there.

Contact Gillespie & Murphy, P.A., to schedule a free consultation at our New Bern, Wilmington, Greenville or Jacksonville, North Carolina, offices. With more than 45 years of experience on our side, you can be confident in our ability to provide you with sound guidance from start to finish in the Chapter 11 business bankruptcy process.

Individuals can also file Chapter 11 bankruptcy to protect their property and eliminate and reorganize their debt if they are over the debt limit to file for Chapter 13.

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

Selena M

15:00 27 Oct 23

Quick response time, informative, and kind! Overall feeling of a team that genuinely wants to help as the first priority. Allen Murphy was thorough and considerate.... greatly appreciative for his help! Highly recommend!

Michael K. Hovermale

14:42 25 Sep 23

In my experience once a situation reaches a level of needing to involve attorneys its become quite serious. I want an attorney that I feel confident in their abilities, and their true desire to get the best results with the most efficiency for me. I searched for weeks to find an attorney that could assist me when I discovered Mr Murphy. He was prompt, kind, knowledgeable and addressed things directly. I am extremely grateful for his expertise, demeanor, and expediency. If I ever find I need an attorney again he will be my first call.

Tamika Marshburn

07:05 30 Aug 23

Kimberly Davis

14:45 29 Aug 23

I was in a tough situation that needed to be resolved very quickly. I had a phone consultation with Mr. Allen Murphy, who was very kind and tactful, and got the ball rolling fast. Over the past few weeks, I have been working with his wonderful team. Everyone has been helpful and responded to my numerous questions in a timely manner. Much thanks and appreciation to Tammy Weems and Jenni McCormick, who have been working on my case and have been fast but thorough. I will gladly recommend them to anyone needing this type of assistance.

lonnie griffin

14:42 08 Aug 23

Working with Jaelah has been an absolute pleasure. She's been so helpful and responsive to my questions that she has made this process nearly painless and I am grateful to her and all the staff at Gillespie and Murphy for their professionalism and compassion.