Chapter 11

Morristown Chapter 11 Bankruptcy Attorneys

Guidance from Our Qualified Attorneys Serving Morris County & Surrounding Areas

If you are a small-business owner facing unmanageable debt and struggling to meet your payroll, taxes, and other expenses, Chapter 11 bankruptcy may be your best option. While Chapter 11 is primarily designed for businesses, individuals may also qualify if their debts exceed a certain amount. At Ast & Schmidt, P.C., our Chapter 11 bankruptcy lawyers have the experience needed to guide your business through the process, help protect your assets, and secure your short- and long-term financial interests. We bring more than 25 years of experience to every case we handle, and our clients trust us to provide professional, competent, and committed representation every step of the way.

Let us help you protect your rights, inform you of your options, and help you successfully navigate the Chapter 11 bankruptcy process. Contact us today to schedule your free initial consultation.

Why Choose Ast & Schmidt, P.C.?

  • Personalized Services Tailored for You
  • Over 25 Years of Bankruptcy Experience
  • Free Initial Consultations
  • Available After Hours by Appointment

Reorganizing Your Morristown Business

In the life of your business, you may have suffered an unexpected loss, failed to receive payment for your services or products, suffered through a state or national financial crisis, or experienced a family emergency. If these issues crippled your business’s ability to earn a stable profit, you may be struggling to fulfill financial obligations to your creditors, employees, and/or the IRS.

Our experienced business bankruptcy attorneys can assist you with the following matters:

  • Failure to pay withholding taxes
  • Failure to file tax returns
  • Purchase or sale of a business
  • Business asset management
  • Offer in compromise
  • Creditor issues

Chapter 11 bankruptcy, also known as "reorganization," allows businesses to continue operating with protection from their creditors and oversight by the bankruptcy court. Like Chapter 13, Chapter 11 involves a repayment plan, but it is often more time-consuming and complex than other forms of bankruptcy. Moreover, your creditors may become significantly involved in the process. The bankruptcy trustee will typically invite the top 20 creditors to form a committee, which will investigate the activities of your business and negotiate the repayment/reorganization plan.

Due to these factors, retaining qualified counsel is vital for your success. Every step of the way, we can advance your best interests and advocate for your needs. With experience representing both debtors and creditors, we understand what it takes to successfully file bankruptcy and create a reasonable and satisfactory repayment plan.

  • "..Thank you Ast and Schmidt for all that you do!"
    I have personally used Ast & Schmidt and have recommended them to friends and family members as well. Robert and Antoinette are always responsive, timely, and available to go over any questions or concerns I might have in what could be an otherwise stressful process. I can confidently say that I 100 percent trust Robert's guidance and quality of work. He and the staff go above and beyond to make sure I understand all of my options as well as the process from beginning to end. Antoinette always makes me feel comfortable when I call with questions and Robert's guidance and services have truly been a blessing in helping me transition out of some rough times so that I could move forward in my personal and professional endeavors. I can not recommend this firm highly enough. You will be well taken care of. Thank you Ast and Schmidt for all that you do!
    - Rena Z.
  • "Throughout our experience with Ast & Schmidt, my husband and I were treated with the utmost respect and compassion."
    Throughout our experience with Ast & Schmidt, my husband and I were treated with the utmost respect and compassion. Whenever there was a question (even during COVID), Rob Schmidt was most accessible and helpful to us during this difficult time. We would recommend them to anybody who is undergoing financial challenges. Everyone associated with the company is attentive and a pleasure to deal with, even regarding the most trivial matters. Certainly, when addressing the complicated issues that arise during legal proceedings, Ast & Schmidt provides seamless and impeccable attention to every detail.
    - Iris G.

Debt Relief for Small Business Owners

Due to the cost, complexity, and stringent requirements, only large businesses and corporations have stood to benefit from Chapter 11 bankruptcy. To help small business owners secure the same advantages, the U.S. government passed the Small Business Reorganization Act of 2019. This legislation adds a new subchapter in Chapter 11 that is exclusively available to small business owners. If you qualify, you may be able to access this streamlined, cost-effective version of Chapter 11. Our team at Ast & Schmidt, P.C. can help you assess whether this path is right for your business.

Call (973) 363-2260 to schedule your free initial consultation with one of our experienced Chapter 11 bankruptcy lawyers. We are fully prepared to help you attain the fresh start you deserve.

Let Us Help You Overcome the Challenges of Chapter 11 Bankruptcy

When you file this complex process, you may need to handle immediate litigation issues and numerous required motions. Chapter 11 requires disclosure statements, wherein you must prove to both creditors and the court that you can reasonably meet the proposed obligations.

Furthermore, any business larger than a sole proprietorship seeking Chapter 11 debt relief must be represented by a bankruptcy attorney. Let our team help you overcome hurdles, avoid common pitfalls, and take the steps needed to understand your rights and obligations as a business owner under bankruptcy law.

Call (973) 363-2260 to schedule your free initial consultation with one of our experienced Chapter 11 bankruptcy lawyers. We are fully prepared to help you attain the fresh start you deserve.

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