Chapter 11

Chapter 11 bankruptcy is intended primarily for the reorganization of businesses with heavy debt burdens, most often associated with corporations but available to small businesses as well. Although it's uncommon, consumers may file for Chapter 11 some rare instances. Chapter 11 allows the debtor to propose a plan for profitability post-bankruptcy, which may include trmming costs and seeking new sources of revenue or income, while temporarily holding creditors at bay. Chapter 11 has certain advantages for those that qualify, including more time to file a plan and the opportunity to reotrganize, it is more time-consuming and costly than other forms of bankruptcy.

Contact an experienced New Jersey Bankruptcy Lawyer today and find the solutions to your financial problems. Call for a free consultation at (201) 489-5500

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Testimonials

  • Things had been going from awful to dire. I didn’t think there was a chance to keep my house, let alone my business and my wife. I’ve kept everything - and it’s thanks to you. I thought I’d have to see a judge. But going with you for my 341(a) meeting was not scary at all. You made the experience tolerable and understandable. God bless you.
    Sam

  • You held my hand and walked me through this mess. I will be forever grateful. I’m still and my new job and things are really looking up. Your entire office made things such a easy experience.

    Mr. & Mrs. L

  • Thank you for everything. I knew the moment I met you that things were going to get better. You put me at ease. I was initially really embarrassed to file for bankruptcy.... but you made me understand that this was my right and it’s all about going forward. Thank you again.

    Melissa & George