New Jersey Business Debt Restructuring Lawyer
Debt Restructuring Without Bankruptcy
Is bankruptcy affecting your personal life? Is the stress taking a toll on you personal relationships? Do you carry your business problems home? Is it affecting your relationship with your family? When your business is struggling to stay afloat, it can be nearly impossible to step back, take a breath, and truly evaluate all your options. If you have mounting business debts and creditors are pounding on the door, it may be tempting to flee into the seeming safety of Chapter 7 or Chapter 11 bankruptcy.
Can You Avoid the 'Big B'?
In some circumstances, business bankruptcy may not be necessary. Your creditors may prefer to retain control by negotiating a private workout plan for your business debts, and you may prefer to retain control and save thousands of dollars in legal fees. Located in Bergen County, New Jersey, Klein & Radol, LLC, advises and represents business clients in New Jersey, New York and Pennsylvania regarding business debt restructuring, Chapter 7 business bankruptcy and Chapter 11 business bankruptcy.
Work With a Veteran Bankruptcy Attorney Who Also Knows Business
Attorney Roger Radol leads our business debt restructuring negotiations. Bringing more than 24 years' legal experience to the table, Mr. Radol works directly with all our business clients to create and negotiate individualized business debt restructuring plans. In addition to being a seasoned business and bankruptcy lawyer, Mr. Radol has both an educational and professional background in business finance, with an undergraduate degree in business administration and a master's degree in public and business administration. Mr. Radol also worked as a controller for eight years. Contact Klein & Radol to schedule a complimentary initial consultation with Mr. Radol by phone or at our Englewood, New Jersey office.
Why Might a Business Debt Restructuring Plan Be Preferable to Bankruptcy?
Many of our business owner clients are surprised at the willingness of their creditors to negotiate a private workout plan for business debt. Some of the major reasons many business creditors will come to the table to discuss business debt restructuring are:
- If the business owner files Chapter 7 business bankruptcy, the creditor risks getting no further payments on the debt.
- If the business owner files Chapter 11 business bankruptcy, the creditor loses control over debt repayment plans. In a Chapter 11 business bankruptcy, the bankruptcy court approves a debt repayment plan that the business owner — not the creditors — propose. Many creditors find private business debt restructuring agreements preferable to the formal legal process of business bankruptcy.
Contact Klein & Radol in Bergen County for a Free Consultation
Klein & Radol represents small businesses in New Jersey, New York, and Pennsylvania in negotiating business loan workouts and debt restructuring to avoid or eliminate liens, repay debts, and enable the business to recover and continue operating. Consult with experienced business lawyer Roger Radol in person at our Englewood, New Jersey office. Call us toll-free at 877-833-5489, or call us locally at 201-308-5306.
Klein & Radol, LLC
New Jersey Debt Restructuring Attorneys
New Jersey debt restructuring attorney whose business is protecting your business
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