Chapter 7 & 11 Business Bankruptcy

Business Bankruptcy - Understanding Your Options

Our Business is Protecting Your Business

Starting a business takes a lot of time, work, and motivation. But no matter how much work an individual puts into a business, the reality is that many businesses don't succeed. If your business is in financial trouble, please know that you are not alone.

At Klein & Radol, LLC, we offer services to businesses facing the prospect of bankruptcy. We work closely with clients to come up with options which may or may not include bankruptcy. Whatever the circumstances, we will approach each case professionally and with respect.

To schedule a free consultation with a Chapter 11 or Chapter 7 Bankruptcy attorney, contact us online or call us toll free at 877-833-5489, or locally at 201-308-5306.

Chapter 7 Bankruptcy For Businesses

Chapter 7 Bankruptcy may be a viable option for businesses that cannot continue to operate. This type of bankruptcy liquidates debt, but may require the business' assets to be sold off to repay some of the debt.

Chapter 7 Bankruptcy is likely the best option if the business:

• Has little or no potential to make money
• Has debts so large that debt restructuring isn't an option
• Offers a product or service that is easily reproducible

Chapter 11 Bankruptcy for Businesses

Chapter 11 Bankruptcy is an option for businesses who wish to recover from their financial difficulties. This type of bankruptcy allows businesses the chance to reorganize and restructure their debts. Businesses can typically operate while going through Chapter 11 Bankruptcy, so they can continue to generate revenue which can be used to repay creditors.

Englewood, New Jersey Bankruptcy Lawyer

Attorney Roger Radol offers years of experience to businesses in difficult financial situations. He is committed to helping business owners come up with options that will protect their assets and help them recover financially. Mr. Radol holds advanced degrees business administration and finance.

Contact Us

To schedule a free consultation with a bankruptcy lawyer, contact us online or call us toll free at 877-833-5489, or locally at 201-308-5306.