While no one ever hopes or expects to face bankruptcy, the truth is that even in relatively well-off communities like Basking Ridge, New Jersey, debt is never too far around the corner. Crippling debt can arise suddenly, such as with accumulated medical bills after a diagnosis, or slowly, like when a business finds itself struggling after pandemic-imposed changes in customer behavior.
Regardless of the cause, debt can be traumatic and terrifying, and too much of it can leave everyone worse off – including the creditors. Michael McLaughlin LLC is a law firm serving Basking Ridge, NJ, that is dedicated to helping those affected by debt find solutions through bankruptcy.
Attorney Michael McLaughlin understands the despair and difficulties that can arise when facing mountains of debt. As a qualified New Jersey bankruptcy lawyer, he has built a career helping individuals, families, and businesses successfully navigate their way out of the burden of debt.
For individuals and families, debt can be a necessity that eventually spirals out of their control, and filing for bankruptcy can be lifesaving. As a bankruptcy law attorney, Michael McLaughlin helps make that process more efficient and effective for Basking Ridge families. He has the experience needed to organize their debts and assets, negotiate with creditors, and execute the plan best suited to their needs.
Mr. McLaughlin can also help Basking Ridge small businesses deal with their debt through bankruptcy. If you are a small business owner in the Basking Ridge, NJ, area who is struggling with business debt, reach out to Michael McLaughlin LLC today to find the financial relief you have been seeking.
Like many towns throughout the state of New Jersey, Basking Ridge sees both small and large businesses come and go. However, it is often the small businesses that struggle the most and end up turning to bankruptcy. The COVID-19 pandemic accelerated the decline for many businesses, including some of those in Basking Ridge.
With the help of bankruptcy lawyer Michael McLaughlin, bankruptcy can be a lifeline for businesses that are struggling with debt. Chapter 11 bankruptcy can provide businesses with debt relief, or allow them to reorganize their debt so they can continue to operate. This type of solution may offer at-risk businesses the chance to get through an unusually tough period, like the pandemic, without going under completely.
On the other hand, for Basking Ridge businesses that intend to close their doors, bankruptcy can help protect their non-business assets from hungry creditors. The bankruptcy process, when negotiated with the help of an experienced bankruptcy law firm, can be a way for businesses to avoid losing everything.
As a seasoned bankruptcy attorney, Michael McLaughlin knows that every debt has two sides, and bankruptcy is designed to help both the debtors as well as the creditors. These creditors, while often reviled, are sometimes also small businesses struggling to get by. Unpaid debts might mean a steep loss for them.
Having worked for many years as a bankruptcy trustee helping organize assets and create payment plans and schedules, Mr. McLaughlin knows that it is not just debtors who stand to gain from a well-organized bankruptcy. At Michael McLaughlin LLC, we are prepared to assist you no matter which side of the bankruptcy you are on.
While some companies might try to pursue those debts independently, without a good lawyer, their chances of recovery are slim. For Basking Ridge creditors and businesses who want to find success through their bankruptcy proceedings, their best course of action is to work with an attorney who is familiar with the rules and rights of bankruptcy.
Located in Somerville, NJ, Michael McLaughlin LLC has served the bankruptcy needs of New Jersey individuals, families, and businesses for over 20 years, including many clients in Basking Ridge. While bankruptcy is never easy, it may be the best choice for those struggling to pay or collect debts.
With the help of seasoned and experienced bankruptcy lawyer Michael McLaughlin, the bankruptcy process can be even easier. To move towards your fresh financial start, call our bankruptcy law firm today for a consultation at (908) 373-8500.
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