Filing Chapter 11 Bankruptcy for Businesses in Piscataway, NJ
Experienced attorney helps your company return to solvency
Between global competition and economic uncertainty, the pressures of doing business have never been greater. If your business has taken on too much debt and your creditors are getting impatient, you may be wondering how long you can keep the doors open. For more than 14 years, the Law Office of Michael P. Otto has helped businesses in and around Piscataway continue to operate as they restructure their debt and return to solvency. Our Chapter 11 bankruptcy services can give your company a second chance. You can rely on our firm to be:
- Ethical — Your business prospects after bankruptcy depend on how you’re represented in the bankruptcy court. We ensure integrity through every step of the process.
- Compassionate — We appreciate how much of your life you’ve poured into your business and we treat your interests with the utmost respect.
- Dedicated — Chapter 11 bankruptcy requires meticulous work and consistent effort to bring your company back to solvency. Our firm commits to clients for the long haul.
- Experienced — To maximize your prospects for success after bankruptcy, you must eliminate as many unforced errors as possible while taking advantage of every opportunity to enhance your financial position.
How Chapter 11 bankruptcy can revive your New Jersey business
Chapter 11 bankruptcy provides a means for cash-strapped companies to stay open as they work through their financial difficulties. Filing for Chapter 11 gives you immediate protection from creditors. Your bankruptcy lawyer presents a restructuring plan to a bankruptcy court trustee who meets with your creditors to get approval. That plan could call for a drastic reduction in the amount you repay to your creditors. The downside is that very few companies emerge from Chapter 11 with their original ownership and management team at the helm.
At your side through Chapter 11 bankruptcy litigation
Bankruptcy law is based on the principle that it’s better for a business to survive by paying creditors some of what they’re owed than for the business to fail, leaving creditors with next to nothing. Of course, not all creditors feel that way. Some operate on the principle that the first to the carcass gets the most meat. Some may even accuse you of fraud to prevent your bankruptcy from going forward. Our firm puts forth your best defense to any accusations of improper use of the bankruptcy system.
Contact a reliable Piscataway Chapter 11 bankruptcy attorney
The Law Office of Michael P. Otto assists businesses throughout Middlesex, Union, Somerset and Morris counties. Mr. Otto is available in the evening and on weekends when necessary. Call 732-819-7000 or contact us online to arrange your free consultation.