Debtor and Creditor's Rights
Winston-Salem Debt Settlement Attorneys
When a business faces financial difficulties, those problems create a challenge for both the business and its creditors. The Winston-Salem law firm of Allman Spry Leggett & Crumpler, P.A. has experience representing both debtors and creditors in debt settlement and workouts.
Our lawyers can help debtors negotiate a standstill with the lender. We can also help the business find financial alternatives that help the operation continue without foreclosure or filing a bankruptcy petition for liquidation or reorganization. However, if bankruptcy is the best option, we are also one of the most experienced commercial bankruptcy law firms in North Carolina.
Our lawyers represent banks and other lenders in debtor-creditor negotiations. Failing that, there are frequently steps we can take under the Uniform Commercial Code, the loan documents, or whatever governing agreement might apply to recover as much money as possible for the lender.
No two debtor-creditor situations are alike. Since our lawyers have handled many debt issues in many different industries, our clients can benefit from our experience. Our attorneys use creativity in fashioning pragmatic and sound economic debt settlement solutions.
Attorneys R. Bradford Leggett, C. Edwin Allman III and M. Joseph Allman, who handle debtor/creditors law for our firm have more than 80 years of combined experience dealing with bankruptcy litigation and secured creditor rights. Two of these attorneys 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". For thirty years, our attorneys have participated as lecturers at regional and statewide seminars on multiple topics related to debt issues.
As part of a full-service business law firm, our lawyers have the resources of the firm’s business law, commercial real estate, and civil litigation practice groups to provide a full range of legal services for our clients.
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