Attorney for Filing Chapter 11 Bankruptcy in New Jersey
Bankruptcy can be a slippery slope for businesses, and without proper guidance, you may not be able to regain control of your finances. If your business is financially overextended, you may want to consider Chapter 11 bankruptcy. At the Neptune City and Toms River offices of Oliver & Legg, we help businesses throughout New Jersey get the debt relief they deserve so they can get back to doing what they do best.
A Solution for Business Debt Problems
Companies throughout New Jersey and across the U.S. face financial troubles for a number of reasons. For many businesses, all it takes is one event to cause a chain reaction. If a major account receivable goes out of business, it could affect you down the line and leave you with serious and strained debt.
Our goal is to help you pay off your debt so you can get your business back on its feet. Chapter 11 bankruptcy will give you the chance to formulate a plan that gives you the flexibility to regain your footing and make payments you can afford. As soon as you file, you will be granted an exclusionary period when only your business can propose a plan to pay back your debt, giving you a chance to square a deal on your terms.
When you enter into Chapter 11 bankruptcy, the debtor in possession will allow your business to continue to operate. Together we will devise and propose a six-year plan to pay back the true value of the assets, instead of what is owed. The plan will also consider state and federal tax debt, as well as prevent tax levies, liens and lawsuits.
At your side throughout the process, we will take a look at your current financial situation and future goals in order to come up with a repayment plan that works. We will work with you throughout the extent of your bankruptcy until you have honored your debt and ended the process.
For More Information About Chapter 11 Bankruptcy
Bankruptcy is the last word any business wants to hear, but it is not the end of the line. With offices in Neptune City and Toms River, we are ready to help your business get back on its feet. Open during weekly business hours, we offer Saturday and evening appointments as well. Contact us today for a free initial consultation.