Bankruptcy Chapter 11 in Livingston, NJ

Chapter 11 bankruptcy, also known as "reorganization," is a form of bankruptcy available to both businesses and individuals. Small businesses--including corporations and partnerships--that file for Chapter 11 typically intend to continue operating their business during and after bankruptcy. When filing for Chapter 11, the debtor creates a plan (subject to creditor approval) to gradually repay their debts. A Chapter 11 bankruptcy attorney can help guide you through the process.