Bankruptcy as a path out of debt
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We help you get control of your business

Control of debt

Pay your creditors what you can afford, spread over time.

Control of calls and lawsuits

The automatic stay stops all existing litigation and all efforts to collect on your company's debts. The stay comes into being automatically and last through the entire case.

Control of what your business can become

You keep control of your company and control how your company will reorganize.

A newly enacted bankruptcy law could be a game changer for your business


20% of small businesses fail in their first year0%


Half within 5 years0%

And that was before COVID-19.


The impact of the social isolation measures put in place during the pandemic is placing a heavy toll on small businesses like yours.  The CARES act with its PPP and EIDL loans has offered some relief, but the recently enacted Small Business Reorganization Act (“SBRA”) made substantial changes to the bankruptcy code to allow small businesses to restructure their business, reduce or eliminate debt and emerge as a successful enterprise.


We are a law firm that focuses our practice on these new reorganization cases, called “Subchapter V” bankruptcies.  Subchapter V makes Chapter 11 bankruptcies more affordable and accessible for small businesses.


We know what to look for and what tools to offer as we guide your business to a successful reorganization.


Even though you may never have imagined your business filing bankruptcy, Subchapter V could offer you a lifeline.

How does a “Subchapter V” Chapter 11 work to restructure your business?

  • 1

    Schedule an assessment

    The first step is to look at the numbers and understand your unique business problems. We will sit down together and look at your company. If we don't think that Subchapter V is right for your business, we won't hesitate to tell you. This initial consultation is always free.

  • Create a plan together

    Next, we'll pore through your company's financials together and prepare a bankruptcy petition that describes your financial situation. Together we will work out a plan that you can afford to get your company out of debt and successfully reorganize.

  • Reorganize your company and eliminate debt

    We file your bankruptcy case, work with the trustee and your creditors, and will lay the foundation to help you get to a new, more stable company.

You know what makes your business tick.  We know bankruptcy.


We are experienced North Carolina lawyers led by Board Certified Business Bankruptcy Specialist Jim White.   Jim has been recognized by his peers as one of the top civil litigation lawyers in North Carolina (in Super Lawyers) as well as one of the top business bankruptcy lawyers in the state (in the Legal Elite).


Our firm uses the law to help individuals and businesses of all sizes navigate difficult financial situations.

But how can you afford to file bankruptcy when you are in financial free fall?


Look, Chapter 11 doesn’t work for every business.


But you would be surprised how often it lets companies apply their cash to rebuilding their business instead of paying debt with no end in sight.  Pressing a pause button on unaffordable debt payments and eliminating waste can free up cash you can use to restructure.


And restructuring can put your business back on track.


This is not a quick fix.  It is a proven, reputable way to reorganize.


You did not build you business by looking for easy solutions, and promises of quick fixes will not get your business back on track.  A Chapter 11 plan is backed by the federal courts — once the court approves your plan, your creditors have to accept it.


But the first step is realize you are not alone, and that building a relationship with a trusted advisor offers the best hope for your company’s future.

Use our spreadsheet to think about cash flow in a different way

Our  “Cash Flow Spreadsheet” can help you see the impact of debt on your bottom line.  It creates a quick pro forma cash flow that lets you look at what your company is diverting from essential operations because of debt and unnecessary leases and contracts, and it gives you some basic tools to examine your company’s situation and look for a path to success.

Tell us about what’s going on. We’ll tell you how we can help.

We are a debt relief agency under federal law. We help people and business file for bankruptcy relief under the Bankruptcy Code.