Business Bankruptcy Attorneys in New Jersey
If you are in business for yourself, it’s not unusual to work long hours. When you’re in the black and customers are happy, you are able to pay attention to growth strategies. When accounts payable are looming without money to pay those bills, it’s completely understandable if you feel overwhelmed and anxious about making payroll and meeting other obligations.
If your company gets in financially over its head, you may find yourself lying in bed at night agonizing about what to do. You may wake up early crunching the numbers over and over again. However, when you still can’t figure out how you’re going to be able to pay the bills, and you begin to consider bankruptcy, we invite you to consider your options.
Please call us today to speak with a knowledgeable debt solutions lawyer who can explain the alternatives to bankruptcy. McDowell Posternock Apell & Detrick, PC has been helping business owners like you for many decades. We will explain your options, including bankruptcy protection, to help you determine what solution is in your company’s best interests. If, in fact, bankruptcy protection is in your firm’s best financial interests, we will help you at every step of the process.
Bankruptcy Isn’t the Best Remedy for Everyone
Bankruptcy may not be the cure-all that will solve your business’ problems. It may not even alleviate all of your financial challenges. Further, while filing for bankruptcy protection may stop creditor harassment and give you time to reorganize your debt, it will have long-term serious consequences on your ability to own and operate a business in the future.
On a personal level, depending on the type of business structure you have, filing for bankruptcy can also have a negative effect on your ability to obtain loans because your credit rating will likely take a major hit from the bankruptcy. Talk to the knowledgeable South Jersey bankruptcy attorneys at McDowell Posternock Apell & Detrick, PC about how to proceed. We can help you evaluate your current situation to help you decide if bankruptcy is the way to go, or if you would be better served with another debt management solution.
Have You Considered the Alternatives to Bankruptcy?
If your business is located in Marlton, Cherry Hill, Moorestown or anywhere else in South Jersey, you owe it to yourself, your partners and your employees to become educated on the various alternative debt remedies to filing for bankruptcy protection. At McDowell Posternock Apell & Detrick, PC we have helped countless small- and medium-sized companies recover from the brink of financial ruin. We offer debt counseling and credit counseling services, both of which may be preferable to the costly and irreversible decision to declare bankruptcy.
If Your Business Is in Financial Trouble, Bankruptcy Is Not the Only Solution
There are viable alternatives to Chapter 7, Chapter 11, and Chapter 13 bankruptcy. It’s important that you explore these alternatives because filing for bankruptcy can have serious and long-lasting consequences. If you do choose to proceed with bankruptcy, it’s important that you understand the nuances of each type of protection. Talk to our bankruptcy lawyers about which remedy is right for you.
The knowledgeable alternative debt solutions lawyers at McDowell Posternock Apell & Detrick, PC will:
- Negotiate with Your Creditors: In certain circumstances, our South Jersey lawyers may be able to help you overcome your financial crisis by contacting your creditors and speaking with them on your behalf. Although creditors are often reluctant to negotiate debt settlement and craft debt consolidation agreements with individuals, they are more likely to speak with an attorney. In fact, we have had many successful negotiations with credits about debt settlement for clients. In our experience, creditors pick up the phone and listen when we call. Additionally, our bankruptcy team includes skilled negotiators who are adept at negotiating favorable debt settlements on behalf of our clients.
- Protect You from Creditor Harassment: If you feel like you are being harassed by creditors, we will not hesitate to aggressively protect your interests and represent you in writing, by phone and at the negotiating table. We will make sure your creditors are aware that the Fair Debt Collections Practices Act prohibits them from crossing the line when attempting to collect a debt.
- Discuss Credit Repair Companies: The experienced lawyers at McDowell Posternock Apell & Detrick, PC have counseled many clients in South Jersey about whether they should pay for a credit repair company’s services. You should know that these companies can be very expensive. That’s a difficult pill to swallow when you are already in significant debt. Before you pay a company to manage your debt, find out what your rights are from an experienced lawyer who will review your file, evaluate your specific financial situation, and provide an honest assessment of what action you should consider taking.
Experienced Bankruptcy Lawyers and Financial Planners Help South Jersey Businesses Explore Alternatives to Bankruptcy
Filing for bankruptcy is not for everyone. You may be able to avoid investing a lot of time and money going through the bankruptcy process. We will help you determine whether there is a more efficient, cost-effective option for your business. Ellen McDowell, one of the founding partners of McDowell Posternock Apell & Detrick, PC has dedicated her practice to helping people get back on the road to financial security through bankruptcy and a variety of alternative remedies. She is passionate about helping businesses succeed and is ready to put her experience and expertise to work for your company.
She and her fellow bankruptcy lawyers at McDowell Posternock Apell & Detrick, PC will carefully review your situation and help you understand your options. We will be by your side as you make an informed decision about the best way to handle your debts. We will also advise you about the best way to start to rebuild your credit as soon as possible.
Call us today or fill out our online contact form to schedule a free in-person consultation in either of our conveniently located South Jersey offices in Moorestown, Browns Mills or Maple Shade. We will be happy to speak with you about your situation and help you explore potential alternatives to bankruptcy.