Bankruptcy Alternatives

Bankruptcy Alternatives in New Bern and Raleigh, North Carolina

Clearly Explaining Non-bankruptcy Options

In many circumstances, bankruptcy is the best option for businesses and farmers looking to gain financial and tax relief. But this is not the only option available.

At the law firm of Stubbs & Perdue, P.A., we have represented clients in bankruptcy proceedings for more than 40 years. We provide flexible appointments and can explain how you can avoid bankruptcy.

Contact us today to discuss bankruptcy alternatives that will work for you. Our lawyers offer consultations at either our New Bern or Raleigh law offices.

Dedicated to Helping Clients Attain their Financial Goals by Avoiding Bankruptcy 

Since 1971, our board-certified bankruptcy specialist attorneys have worked closely with clients to help make their financial aspirations a reality. As a first step, we work with clients to review bankruptcy alternatives, such as:

• Selling assets - Often, businesses can tighten their belts by determining if any work has been duplicated throughout the company. Many businesses have found financial relief through streamlining job functions and reducing headcount.
• Negotiating with creditors - If you file for business bankruptcy, your creditors may never obtain the money you owe them. Often, creditors will negotiate to recover at least some of their money.
• Restructuring expenses - As your attorneys, we will negotiate with your suppliers to re-work contracts by reducing your monthly payments and extending your contract terms. We will also work with you to determine if it would be cost-effective to cut production.
• Consolidating debt - If your debts are not extensive, you might find financial relief through consolidating your debts into one monthly payment. This is a short-term solution and provides you with the opportunity to file Chapter 11 or 12 bankruptcy in the future, if necessary.

Contact Us

For more than three decades, our attorneys have represented clients in Chapter 11 and 12 bankruptcy. We have an in-depth understanding of the risks and advantages of each solution. At the same time, we can provide you with realistic advice on bankruptcy alternatives that may work well for your specific situation.

Call our office at (800) 348-9404 to schedule an appointment. We are also available by e-mail.