Chapter 11 is oftentimes referred to as a reorganization because of the debtor's ability to outline a future plan of payment for existing debts.
In Chapter 11, your debts are not cleared, but you are given the opportunity to find financial relief by consolidating your debts into manageable monthly payments.
Individuals, partnerships, and corporations may all file under Chapter 11 bankruptcy with varying needs and requirement pertaining to each. Call The Law Offices of Jonathan Stone of Hackettstown, NJ today to discuss your bankruptcy options with our staff.
Breathe New Life Into Your Business
Chapter 11 is especially attractive to businesses that are unable to cover their expenditures and pay off creditors and existing debt because of several beneficial options.
Aside from designing a more affordable system of payments, businesses are also able to acquire new loans, the terms of which will not be a financial burden moving forward.
If your business is having difficulty staying afloat, you do have options. With a series of new loans and a complete restructuring of your current payments, the scaffolding is in place for you to give yourself the second chance that you deserve.
If You've Been Considering Chapter 11 Bankruptcy, Our Experienced Staff Will Help You. Call Us
“We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
The Law Offices of Jonathan Stone is a locally-owned law firm, primarily practicing in the area of bankruptcy and taxation laws.
With over 13 in the business and eight years of combined experience, The Law Offices of Jonathan Stone is committed to helping you find the best resolution to your legal issues.