At [nap_names id="FIRM-NAME-2"], Jr. & Associates in New Jersey, our legal team understands that the language of Chapter 11 bankruptcy is unique. For example, you may wonder what it means to be a debtor in possession.If you are the debtor who is filing, you will...
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Business & Commercial Bankruptcy
Protecting a business from having to file for bankruptcy
When a company realizes that its financial situation will no longer allow the support of organizational processes, they may be considering alternatives to get rid of the debt. Unfortunately, if they have exhausted all other efforts, their only option left may be to...
Are your personal assets at risk in a business bankruptcy?
If your New Jersey small business is struggling financially, you may wonder if filing for bankruptcy is a wise decision, or, more to the point, if filing for bankruptcy would jeopardize your personal assets. Intuit QuickBooks explores circumstances in which your...
Unpaid vendors demand compensation as Sears declares bankruptcy
When a company is facing an uncertain financial future, they have a couple of options to consider in revitalizing their structure and recovering from the restraints of debt. Struggling companies in New Jersey may be able to develop a plan for consolidating their debt,...
How does Chapter 11 differ for a small business?
Chapter 11 bankruptcy is reserved for businesses. It is a restructuring of debt. While all sizes of businesses can file under the chapter, things may be different for a small business than for a larger one. One of the important parts of Chapter 11, according to the...
Handling a leading threat to small business
At [nap_names id="FIRM-NAME-2"], Jr. & Associates, many of our bankruptcy clients are what you would call successful businesspeople. Their companies are growing and profitable. If you are new to the concept of declaring chapter 11 bankruptcy in New...
Understanding Chapter 11 bankruptcy
At [nap_names id="FIRM-NAME-2"], Jr. & Associates in New Jersey, we know how difficult your life becomes when the business you own begins to fail because it has an overabundance of debt and insufficient profit with which to pay it. Often in these situations,...
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...
