Your New Jersey company has not done as well as you hoped, and now you are struggling to cover your debts and operating expenses each month. Efforts to find more funding have not been successful, but you are not ready to close your business. At The Law Offices of Jonathan Stone, we often explain the benefits of Chapter 11 bankruptcy to business owners who are struggling with debt.
Filing for Chapter 7 bankruptcy can be a good way for people in New Jersey to take control of their debt once and for all. However, you want to make sure your finances remain stable after filing, or you could wind up in the same exact predicament after so long. In this case, MoneyCrashers.com offers the following tips on how you can bounce back after bankruptcy.