Cohn Lifland represents individual and business entities in Chapter 7, Chapter 11 and Chapter 13 bankruptcy proceedings.
For years, Cohn Lifland has been a legal resource for individuals and families in New Jersey who face dire financial situations. Our compassion and effective representation can effectively guide you through the process of Chapter 7 and Chapter 13 bankruptcy. Our team of attorneys is knowledgeable about what scares people away from the bankruptcy process.
We also have decades of experience guiding clients through bankruptcies when they are considering a divorce, and we explain the legal choices they have when deciding how to proceed. If you face the possibility of foreclosure, we can negotiate terms with your lender through the process of loan modification.
When a business faces hardship, debts are mounting and profits just cannot meet the company’s obligations, an owner may have to consider filing for bankruptcy. Through filing for Chapter 11 bankruptcy, a business can continue to operate and employees get to keep their jobs. In the end, through a successful restructuring plan, a company may be able to satisfy debts, keep the doors open and possibly become profitable.
If your company is facing financial hardship, consult with our bankruptcy attorneys to discuss your options. Through a restructuring plan that satisfies the court and creditors, you could save your business and your livelihood.
Cohn Lifland has successfully represented the interests of both debtors and creditors in business bankruptcies. This includes representation in both Chapter 7 and Chapter 11 proceedings. Recently enacted, Subchapter V makes Chapter 11 a practical alternative for small businesses. Cohn Lifland was one of the first firms in New Jersey to successfully confirm a Subchapter V plan.
In its representation of debtors, Cohn Lifland has successfully defended numerous preference and fraudulent conveyance claims.
When facing seemingly insurmountable financial problems, consider a bankruptcy filing. Bankruptcy is an option that scares most people. They often believe that:
Some believe that filing Chapter 7 will wipe away all debt, and that is not the case. A lot of factors that frighten our clients are just not true. Cohn Lifland Pearlman Herrmann & Knopf LLP offers New Jersey clients compassion and dedication as they go through the process of bankruptcy. Though it may be tough, it is not impossible to endure. Allow our attorneys to guide you through your legal options as you try to right your financial ship. Don’t allow the myths of bankruptcy to scare you away from the process.
The only people who should know that you are filing for bankruptcy are your creditors. Sometimes a high-profile individual or a major corporation is in the media for filing bankruptcy. You may be nervous about filing bankruptcy because you don’t want to tarnish your reputation. Your ordeal should be a private matter, and the only people who will know should be the creditors, the trustee, you and anyone you may have told. Though bankruptcy is a public legal proceeding, the number of cases is so massive that few publications have the ability to run them all.
This is a misconception that frightens many of our clients. Though there are cases that fit the bill, many bankruptcy cases are related to a major life experience. Far more people file for bankruptcy when faced with a loss of employment, a divorce or a serious illness than those who are financially irresponsible. When a person loses a job and cannot recover from the loss, he or she continues to have bills. When those bills rise to a dire level, they may have to consider filing for bankruptcy. Those who face divorce may have to file because of the financial strain of legal costs and the bills of running two households after a divorce. When someone faces a serious illness, the high cost of medical care may have ruined their stable financial situation, pushing them towards bankruptcy. Though bankruptcy is a difficult situation, it does not necessarily mean that you are irresponsible.
This is false. This misconception is one of the most frightening parts of bankruptcy. People who should file for bankruptcy are often scared away from the process because they are afraid they will lose everything they own. The truth is, most debtors retain their possessions either because of legally created exemptions or by creating an approved Chapter 13 plan.
Many debtors are able to re-establish credit after the completion of a bankruptcy. The process varies among individuals. but many lenders stand ready to provide credit cards or other financing to those who demonstrate steady income post-bankruptcy.
We have years of experience guiding clients through bankruptcy cases. Though bankruptcy is a difficult situation, it is not impossible. Contact our firm to guide you through your legal situation. Our compassionate attorneys know that these times can be tough, and you deserve representation that has your best interests in mind and can ease your stress in your time of need. Contact us online or by calling 201-845-9600 today. From our office in Saddle Brook, our lawyers help clients throughout northern New Jersey.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Cohn Lifland Pearlman Herrmann & Knopf LLP can help with all of your personal bankruptcy needs. To learn more about personal bankruptcy in New Jersey, we invite you to follow the links below:
Backed by over 90 years of institutional knowledge, experience and professionalism, our bankruptcy law lawyers know the law — and they can help. Contact us online or call 201-845-9600 today to find out how. From our office in Saddle Brook, we help clients throughout northern New Jersey.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.