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

Blog

We can help determine if bankruptcy is best for your business

Maybe you had a dwindling hope that last year's post-holiday sales could push your company from the red to the black. Sadly, as you enter the second month of the first quarter of 2020, you're forced to confront a dismal reality: Your small business is no longer viable.

Acknowledging the failure of a business to thrive in a booming economy is tough. After all, you poured your lifeblood into the company. You worked long hours and tried all that you could to entice customers to your door. Yet somehow your efforts failed. Now you're trying to wrap your head around the fact that you need to shutter your company's doors permanently.

What happens next?

Well, for many failed small businesses, filing for Chapter 11 bankruptcy might be the best option. Doing so can provide you with the breathing room you need to reorganize your debts while keeping your company open as a debtor in possession. In some circumstances, this can be a better alternative than throwing in the towel entirely. In others, however, it may just be delaying the inevitable.

We can help you sort through the mess and determine the best course of action for you to take. Sometimes, it can be better to walk away completely and file for bankruptcy under Chapter 7 for your business.

Doing that allows you to wipe the slate clean and start over anew without any lingering debts from creditors hanging over your head from your former company.

Time is not on your side in these types of situations. Call today to schedule an appointment to discuss your circumstances with us.

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
disclaimer.

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.

close

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