BUSINESS LAW & LITIGATION
Helping New Jersey Business Owners Navigate Financial Challenges
Financial difficulties can happen to any business—what matters is how you respond. At Davison Eastman Muñoz Paone, P.A., our experienced business bankruptcy attorneys help business owners, entrepreneurs, and companies across New Jersey explore smart options for financial recovery, restructuring, or orderly closure. Whether you are seeking to protect assets, restructure debt, or wind down operations after a company bankruptcy, our team provides trusted legal guidance focused on your future.
When Business Bankruptcy Becomes Necessary
Business owner bankruptcy isn’t about failure—it’s about making the best strategic decision under difficult circumstances. If your business is overwhelmed by debt, facing lawsuits, struggling with cash flow, or unable to meet obligations, it’s time to consult an experienced business bankruptcy attorney.
Our Business Bankruptcy Services
Working with a skilled business attorney for bankruptcy ensures:
- Thorough evaluation of all available options (including non-bankruptcy workouts)
- Protection of personal assets wherever possible
- Proper use of federal and New Jersey bankruptcy protections
- Strategic debt relief or restructuring plans tailored to your business
If you are searching for a business owner bankruptcy attorney near me or anywhere in New Jersey, we are here to help.
We assist business owners and companies with a wide range of company bankruptcy and debt solutions, including:
Chapter 7 Business Bankruptcy
Chapter 7 bankruptcy may be appropriate for businesses that need to close their doors and liquidate assets in an orderly, court-supervised process. Our business bankrutpcy attorneys guide you through every step to ensure compliance, asset protection, and debt discharge where available.
Chapter 11 Business Reorganization
Chapter 11 is designed to allow businesses to restructure debts and continue operating while reorganizing obligations. We represent businesses of all sizes in Chapter 11 proceedings, negotiating with creditors and formulating reorganization plans aimed at survival and future profitability.
Business Dissolution and Wind-Down Services
Sometimes, the best option is a controlled shutdown outside of formal bankruptcy. We help businesses wind down operations, negotiate with creditors, and protect owner interests through strategic dissolution plans.
Debt Settlement and Negotiation
In some cases, businesses can avoid bankruptcy altogether through out-of-court settlements. Our business bankruptcy attorneys negotiate directly with creditors to achieve manageable payment plans, debt forgiveness, or structured workouts.
Tailored Solutions for Business Owners
Every business is unique. Our business bankruptcy lawyers take the time to understand your operations, debt structure, and goals. Then we tailor a plan that minimizes loss, protects what matters, and positions you for a stronger future after a business owner bankrupcty, whether that means a fresh start or a successful reorganization.
Our clients include:
- Small business owners
- Franchisees
- Retailers and restaurants
- Professional service firms
- Construction companies
- Health care practices
- Startups and entrepreneurs
Why Choose Davison Eastman Muñoz Paone, P.A.?
Decades of Bankruptcy Law Experience:
We’ve helped businesses navigate financial challenges across New Jersey for more than 35 years.
Full-Service Business Law Support:
Beyond bankruptcy, we offer guidance on business litigation, contracts, employment issues, and restructuring.
Focused on Business Owners:
We understand both the personal and professional impact business bankruptcy can have—and we work to protect your interests on both fronts.
Local Knowledge, Personal Service:
Based in Central NJ, we know the local courts, trustees, and procedures that affect business bankruptcies across the state.
Contact Davison Eastman Muñoz Paone, P.A. Today
Take Control of Your Business Future Today
If your company is facing overwhelming debt, don’t wait until options disappear.
Contact the experienced business bankruptcy attorneys at Davison Eastman Muñoz Paone, P.A. today. We’ll help you understand your options and guide you toward a smarter path forward.
Call us today or request a confidential consultation online.
We have offices in Freehold (Monmouth County), NJ and Toms River (Ocean County), NJ.
BUSINESS LAW & LITIGATION
FREQUENTLY ASKED QUESTIONS ABOUT BUSINESS BANKRUPTCY
What is the difference between Chapter 7 and Chapter 11 for businesses?
Chapter 7 involves liquidating the business’s assets to pay creditors and closing the business. Chapter 11 allows the business to reorganize debts and continue operations while restructuring financial obligations.
Can a small business file for bankruptcy?
Yes. Many small businesses file under Chapter 7 or Chapter 11, depending on their financial situation and goals. We help small business owners choose the best path for their specific circumstances.
Will business bankruptcy protect my personal assets?
It depends on the type of business entity and how the business was structured. In some cases, personal guarantees or sole proprietorship structures can expose personal assets. Our business bankruptcy attorneys carefully review your situation to advise on protections.
What debts can be discharged in a business bankruptcy?
Business debts such as vendor invoices, leases, loans, and credit lines can often be discharged or restructured. Some obligations, like certain taxes or secured debts, may require special handling.
Should I try to negotiate with creditors before filing bankruptcy?
Negotiation is sometimes a viable option before pursuing bankruptcy. Our business bankruptcy attorneys often help clients explore settlement and workout options first—and pursue bankruptcy only when it’s the best strategic move.
WHAT SHOULD YOU LOOK FOR IN A BUSINESS BANKRUPTCY ATTORNEY?
Here are some key factors to consider when choosing a business bankruptcy attorney:
- Experience and Specialization:
- Look for an attorney who specializes in business bankruptcy law.
- Experience in handling cases similar to yours.
- Ask about their success rate and track record.
- Knowledge and Expertise:
- The attorney should have a deep understanding of bankruptcy laws and regulations.
- They should be up-to-date on recent changes in bankruptcy law.
- They should be able to explain complex legal concepts in simple terms.
- Communication Skills:
- A good attorney should be able to communicate effectively with you and your creditors.
- They should be responsive to your questions and concerns.
- They should keep you informed about the progress of your case.
- Fee Structure:
- Understand the attorney’s fee structure upfront.
- Ask about any additional costs, such as filing fees or court costs.
- Compare fees with other attorneys to ensure you’re getting a fair deal.
- Reputation and References:
- Check the attorney’s reputation with the bar association and online reviews.
- Ask for references from past clients.
- Seek recommendations from trusted business associates or financial advisors.
- Availability and Accessibility:
- Ensure the attorney is readily available to address your questions and concerns.
- They should be accessible through various communication channels, such as phone, email, and in-person meetings.
- Trustworthiness and Integrity:
- Choose an attorney you can trust to handle your sensitive financial information.
- Look for an attorney with a strong ethical reputation.
- They should be honest and transparent about your options and the potential outcomes.
- Ability to Negotiate:
- A skilled bankruptcy attorney can negotiate favorable terms with creditors.
- They should be able to advocate for your best interests and protect your assets.
- Personalized Approach:
- A good attorney will tailor their advice to your specific situation.
- They should take the time to understand your business and its unique challenges.
- They should provide guidance and support throughout the entire bankruptcy process.
Remember, choosing the right bankruptcy attorney can significantly impact the outcome of your case. Take your time, do your research, and select an attorney who meets your needs and provides you with peace of mind.
* No aspect of this has been approved by the Supreme Court of New Jersey * This is for informational purposes only and is not legal advice on any subject matter.
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We appreciate your interest and welcome any inquiries you may have. If you're seeking further information about our services, we're here to assist you. Feel free to use the provided contact form or reach out to us directly via email or phone. Thank you for considering Davison Eastman Muñoz Paone, P.A., and we look forward to connecting with you soon.