Alternatives to Bankruptcy

The attorneys at Cunningham & Chernicoff have experience in all aspects of bankruptcy law. However, bankruptcy is not always the best option. In cases where it is not, we help our clients achieve financial solvency through bankruptcy alternatives.

Exploring Alternatives to Bankruptcy

At Cunningham & Chernicoff, in Harrisburg, Pennsylvania, we have experience in all aspects of bankruptcy law and debt relief:

When a business client comes to us for an initial consultation, we will carefully analyze all aspects of the company's debts, assets, finances and operations. If the underlying business is commercially viable and a bankruptcy filing is not needed, we will develop a strategy to help the business return to financial solvency through alternatives to bankruptcy.

Our firm has a great deal of experience with debt negotiation, lease negotiation and other obligations. During the workout period, we will continue to monitor the client's finances and operations, and make additional adjustments to the overall strategy and the representations to vendors or creditors if needed. Often, we help a client in a loan workout situation obtain additional financing or sell the business or portions of the business' holdings.

Also Representing Creditors

While most of our loan workout service work is on behalf of debtors, we also represent creditors in workout situations. In working for creditors, we have a range of tools we can use to protect the creditor's rights while avoiding a forced bankruptcy, including the lender's recovery of collateral through:

  • Judicial and non-judicial property foreclosure proceedings
  • Deeds in lieu of foreclosure
  • Recovery of rents under deeds of trust and assignment of rents

Consult Our Debt Workout Attorneys

Robert E. Chernicoff, the managing partner of our firm, has more than 25 years of experience as a bankruptcy lawyer representing businesses and individual debtors. To schedule a consultation, call (866) 534-4404, or contact us online.

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