Commercial Bankruptcy

Winston-Salem Commercial Bankruptcy Law Attorneys

Allman Spry Leggett & Crumpler is one of the most experienced law firms in North Carolina representing businesses that find themselves in need of the protection of the federal bankruptcy court. We have been involved with some of the highest-profile and most complex business bankruptcies in North Carolina and South Carolina. Our approach in commercial bankruptcy, as in other areas of law, is to advise clients how to best achieve their goals cost-effectively. We also help businesses explore alternatives to bankruptcy, such as out-of-court debt workouts.

Our lawyers can help businesses achieve an orderly liquidation by filing Chapter 7 bankruptcy. Our lawyers also file Chapter 11 bankruptcy if the business has sufficient prospects and cash flow to file a reorganization plan. We will help you analyze your business structure and craft a Chapter 11 reorganization plan that will meet the requirements of the bankruptcy court.

Bankruptcy is an incredibly complicated area of law. The statutes are complicated, the case law is complicated, and the facts of each case are complicated. Commercial bankruptcy requires specialization, and attorney C. Edwin Allman, III is a certified specialist in commercial bankruptcy law by the North Carolina State Bar.

Our attorneys regularly represent a cross section of debtors and creditors in out-of-court workouts, bankruptcy proceedings, and state court insolvency proceedings, including secured and unsecured creditors, official creditors' committees, Chapter 11 reorganization trustees, debtors-in-possession, and acquisition companies.

Our attorneys use creativity to fashion pragmatic and sound economic bankruptcy solutions. As experienced litigators admitted to practice in all federal courts in the State, this practice group’s attorneys appear in bankruptcy courts, federal district courts and federal appellate courts, litigating matters involving relief from stay, objections to claims, exemption issues, preferences, fraudulent transfers, confirmation issues, valuation issues, and many other matters. Our experienced business attorneys have served primary roles in business and personal reorganizations and restructurings, including the implementation of replacement financing where appropriate and modifying business structures and marketing models.

The firm's three senior attorneys who handle commercial bankruptcy cases have more than 80 years of combined experience in dealing with restructuring and insolvency issues. R. Bradford Leggett and C. Edwin Allman III have been listed for a number of years in the publication "The Best Lawyers of America" and have been designated as members of the State’s "Legal Elite" by the publication "Business North Carolina". Additionally, R. Bradford Leggett has been elected as a Fellow in the American College of Bankruptcy, a distinction held by only six practicing lawyers in the State of North Carolina. Mr. Leggett has also served as Chairman of the Bankruptcy Law Section of the North Carolina Bar Association. Attorney C. Edwin Allman is certified as a specialist in commercial bankruptcy law by the North Carolina State Bar and serves on the official panel of Chapter 7 Trustees for the United States Bankruptcy Court for the Middle District of North Carolina.

We are a Debt Relief Agency under the United States Bankruptcy Laws. We assist people with finding solutions to their debt problems, including, where appropriate, assisting them with the filing of petitions for relief under the Bankruptcy Code.

For more information, contact the commercial bankruptcy law attorneys at Allman Spry Leggett & Crumpler, P.A. We serve clients in the Winston-Salem, Greensboro, High Point area (Piedmont Triad) and throughout North Carolina, South Carolina, the southeast and nationwide.