Is a Chapter 7 Bankruptcy Right for My New Jersey Business?

By |2021-03-29T19:54:38+00:00Jan 12th, 2021|Bankruptcy, Blog|

Whether a Chapter 7 bankruptcy filing is the optimal choice for a financially struggling New Jersey business depends on many factors, including: Whether the business is structured as a sole proprietorship or as a corporate entity or as a partnership

New Jersey Small Business Bankruptcies: What is Subchapter 5?

By |2021-03-29T19:55:40+00:00Jan 7th, 2021|Bankruptcy, Blog|

Subchapter 5 bankruptcies are a relatively new type of bankruptcy proceeding created by the Small Business Reorganization Act (“SBRA”) — 11 U.S.C. §§ 1181, et seq. The SBRA was passed by Congress in late 2019 and became effective in mid-February

New Jersey Debtors: Are You Eligible for a Chapter 7 Full Discharge of Your Debts?

By |2021-03-29T19:57:20+00:00Jan 5th, 2021|Bankruptcy, Blog|

In general, for individuals living here in New Jersey and elsewhere across the country, there are two types of bankruptcies that can be filed: Chapter 7 and Chapter 13. Chapter 7 is for complete and full discharge -- elimination --

New Jersey Businesses With Less Than $7.5 Million in Debt: Time is Running Out to File Bankruptcy Under Subchapter 5

By |2021-03-29T19:59:54+00:00Jan 1st, 2021|Blog|

If you own a New Jersey business with less than $7.5 million in qualified debt and you are considered filing for bankruptcy protection, time is running out to file under Subchapter 5. With the continuation of the COVID-19 pandemic, many

New Jersey Business Law: “Second Draw” PPP Loans are Now Available

By |2021-03-29T20:01:10+00:00Dec 30th, 2020|Blog, Business lawyer|

For New Jersey businesses struggling under the weight of the COVID-19 pandemic, Congress recently provided relief in the form of "second draw" loans under the Paycheck Protection Program ("PPP"). In March 2020, Congress passed the CARES Act which created the

Should You Have a Business Lawyer on Retainer? What to Know

By |2021-03-29T20:04:52+00:00Nov 10th, 2020|Bankruptcy, Business lawyer|

People who start businesses pour a lot of resources and energy into seeing their venture succeed. Just like  parents nurturing children, business owners ensure their company’s growth in all ways they can, including consulting professionals. In child-rearing, the specialist is

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