Business Bankruptcy Representation
Ashford-Schael LLC represents small to midsize business debtors reorganizing or liquidating in bankruptcy cases under Chapter 11, Chapter 5 and small business bankruptcy cases. The firm provides clients with a comprehensive strategy to clients in Trenton, Newark, Camden, New Jersey and across the country plan to successfully navigate their case from pre-bankruptcy planning to confirmation of a bankruptcy plan and closing of the bankruptcy case.
Get The Answers You Need Now
Ashford-Schael LLC will consult with you to get a comprehensive understanding of your business and determine whether bankruptcy is the best option for your business. The firm is committed to getting clients the answers they need, to important questions, such as:
What are the differences between Chapter 11 and Chapter 5 bankruptcy?
Chapter 11 is the business bankruptcy that oversees the reorganization efforts of the business. However, for a long time, this chapter wasn’t as accessible to small businesses.
The inclusion of “Sub-chapter 5” into Chapter 11 expanded the ability of small businesses to pursue reorganization. It offers a streamlined, less expensive process for businesses that wish to have their debt reorganized.
How can a small business benefit from bankruptcy representation?
Bankruptcy can be a daunting and expensive undertaking. Your attorneys understand the pressure a bankruptcy proceeding puts on business owners. They work with you to figure out the best options and find cost-effective solutions. This includes guidance on managing debt, protecting you from legal consequences and long-term guidance on what to do when your bankruptcy is resolved.
What are the costs associated with filing for bankruptcy?
There will be court costs, filing fees, attorneys fees and many other miscellaneous costs. However, bankruptcy protection helps put a stop to the unrelenting pressure of unmanageable debts that provoke a bankruptcy filing. Bankruptcy can be costly, however, we will evaluate your situation to determine the best strategy to minimize cost or consider out of court restructurings as an alternative to accomplish your goals.
Get Help From A Firm You Can Trust
Ashford-Schael LLC also represents small to midsize businesses in out-of-court restructurings, assignments for the benefit of creditors and dissolutions. If your business needs restructuring or liquidation, contact us to schedule a free consultation by calling 908-466-5505 or sending an email using this form.
Ashford-Schael LLC helps people file for bankruptcy relief under the Bankruptcy Code.