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Corporate Bankruptcy

Stop the chaos, take charge

A chapter 11 bankruptcy affords a business the ability to keep operating as usual. It also protects your assets and provides a reprieve from any creditors' attempts to collect debt. This way, your business will have space to continue servicing its customers as usual; but at the same time, it will gain breathing room to make necessary long term changes.

There are many options that can benefit a company's long term plan, such as: a full scale reorganization, a downsizing of the business, rejecting unexpired leases or contracts, a structured wind down or a controlled liquidation. These options are strategies through which many businesses are saved and can get back to a profitable position.

Goals can be:

  • To maximize business profitability without incurring breach of contract fees.
  • A reprieve from growing debt.
  • A halt to litigation and other collection efforts.
  • Achieve a 5 year discounted debt-repayment plan.


Novak Juhase & Stern is committed to answering your questions about civil litigation, white-collar crime, real estate, Medicaid fraud, corporate law, arbitration, Beth Din, corporate bankruptcy, personal bankruptcy, creditor's rights, foreclosure defense, and business law issues in New York and New Jersey.

We offer a free consultation and we’ll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.