Oliver & Legg
Call today for a free consultation
Local 732-988-1500


How bankruptcy may help your business

If you own or manage a business in New Jersey that is experiencing financial instability, you will no doubt want to carefully evaluate your options. Depending upon the reason for your situation you may choose to use the financial problems as a reason to close your business and pursue other options. You may also want to find a way to keep your business operating and get it back on healthy financial footing. In either situation, a bankruptcy may be able to help.

As explained by the Houston Chronicle, if you are interested in getting out of the business you are currently in, filing for bankrupty may allow you to do this without serious risk to your personal finances or other personal assets in a way that simply shutting your doors may not do. This may be especially important for you if you want to start up a new operation.

If you are focused on moving your business out of its current situation and rebuilding it, a Chapter 11 bankruptcy may be helpful as it offers you the opportunity to negotiate both payments on debts and contracts with a variety of other entities. New contract terms and reduced debt repayment together may give new life to your business and allow it to flourish once again.

If you would like to learn more about how your or your business might be able to benefit from filing for protection under a bankruptcy plan, please feel free to visit the business debt relief page of our New Jersey bankruptcy website.

No Comments

Leave a comment
Comment Information

Get A Free Lawyer Consultation

With offices in Toms River and Neptune, attorney William H. Oliver is ready to answer your questions and help you find the right debt relief solution. Evening and Saturday appointments are available. Call local: 732-988-1500 or fill out our contact form.

Email Us For a Response

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Toms River Office
609 Main Street
Toms River, NJ 08753

Fax: 732-775-7404
Toms River Law Office Map

Neptune Office
2240 State Route 33
Suite 112
Neptune, NJ 07753

Phone: 732-341-1550
Fax: 732-775-7404
Neptune Law Office Map

visa, master card, american express, discover network