West Orange, New Jersey Chapter 7 Bankruptcy for Businesses
With the changing economy or the inability to keep up with a larger business as a competitor, more and more businesses are filing bankruptcy. In Chapter 7 bankruptcy for business, the business is seeking a debt discharge stating that the debtor is no longer liable or legally responsible for paying the creditors. If your business is no longer making the income to repay creditors or sustain business operations, you may seek debt relief through a Chapter 7 bankruptcy.
To protect your rights and ensure accuracy and effective filing, contact us. We can provide you with the strategy and debt relief options you need for your business.
Businesses facing bankruptcy must identify all sources of debt obligations, existing assets, as well as income. While the process of bankruptcy can be complex Our attorneys will work with you to assess your business obligations and your assets to assert your rights in compliance with bankruptcy law.
Our Chapter 7 bankruptcy for business attorney can assist you with all of the following:
- Identifying all assets and debt obligations
- Make sure that assets are properly administered in the bankruptcy
- Make sure that debt is effectively wiped out with proceeds from assets
As a business owner, you have already done the math and understand when your business cannot recover from debts or slowing profits. Our firm can help you take the extra step to protect yourself and your personal assets and eliminate debts through Chapter 7 bankruptcy for businesses. For more information or to learn more about Chapter 7 bankruptcy for your business, please contact us at Stanziale & Stanziale, P.C.
Contact Stanziale & Stanziale, P.C. for a free consultation with an experienced West Orange, New Jersey bankruptcy lawyer.
Over 20 years of experience • Free consultations • Conveniently located off of Route 280, Exit 10.
Stanziale & Stanziale, P.C.
29 Northfield Ave Suite 201
West Orange, NJ 07052-5335
Phone: (973) 731-9393
Fax: (973) 731-9401