Jump to Navigation

September 2014 Archives

Munire Furniture files for Chapter 11 bankruptcy protection

Despite a tremendous effort, some businesses are simply not able to withstand the financial challenges of the current economy. Many New Jersey businesses have suffered from decreased revenue and have felt the pressure of rising costs and increased competition. Fortunately, many companies can still achieve a bright future by filing for Chapter 11 bankruptcy protection. This type of proceeding can allow the business to restructure, clean up business operations and prepare for a new buyer or otherwise continue development of the brand going forward.

AWI finds a bidder as it enters into filing for Chapter 11

Even companies that are in the largest industries can fall prey to the recession. With stronger competition and people being more frugal with their money, a lot of companies have suffered from decreased sales and have fallen into debt with their creditors. Businesses in New Jersey can have hope for the future by filing for Chapter 11 as an opportunity to restructure and cut away some excess processes so that they may peek a new buyer's interest.

RadioShack may turn to Chapter 11 bankruptcy protection

Even companies that have been known as top leaders in their industry, have a chance to fall prey to a recession. As technology changes, some companies no longer have the stronghold that they once did and start to lose revenue. After a long string of losses, a New Jersey company may turn to Chapter 11 in an effort to reorganize and become more attractive to a suitable buyer.

Another New Jersey casino considers filing for Chapter 11

Many people have lost their means to discretionary income due to the recession, which equates to fewer people spending money on luxury items and gambling. The downturn of the economy has had a major impact on the New Jersey gambling scene, causing two casinos to file for Chapter 11 bankruptcy protection already this year. A third may be soon to follow in an attempt to restructure and become more attractive to a new buyer.

What are some of the pros and cons of personal bankruptcy?

It takes a lot of courage for a person to file for bankruptcy and realize that it may be time to get some help. Filing for personal bankruptcy can have a significant impact on one's future, so making the decision should not be taken lightly. Before a person makes the final decision to file in a federal Bankruptcy Court in New Jersey, there are some major advantages and disadvantages which should be looked at more in-depth.

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Subscribe to This Blog's Feed Visit Our
Bankruptcy Law Website

Office Location

Law Office of Robert Braverman, LLC

South Jersey
1060 North Kings Highway, Suite 333
Cherry Hill, NJ 08034
Phone: 856-254-2196 
Toll Free: 800-759-0767
Fax: 856-414-1230
Map & Directions

Willingboro Area Office
Law Office of Robert Braverman, LLC

1848 Burlington Mount Holly Rd (Route 541)
Mount Holly, NJ 08060
Phone: 856-254-2196
Toll Free: 800-759-0767
Willingboro Area Office

Center City, Philadelphia
15th Floor
1515 Market Street
Philadelphia, PA 19102
Map & Directions

Northeast Philadelphia
7909 Bustleton Avenue
Philadelphia, PA 19152
Map & Directions

FindLaw Network