• Get a Free Case Review by an Experienced Business Debt Lawyer
  • Chapter 11 Bankruptcy Can Help Business Reorganize
  • Learn How Subchapter V Small Business Bankruptcy May Keep Your Business Open Through Difficult Times
  • Chapter 7 Business Bankruptcy
  • Learn how NJ State Laws May Help Solve Business Debt
  • Call Before You Take Another Loan!
  • Learn All of Your Rights & Options From People Who Want to Help
Skillful & conscientious Bankruptcy Attorneys helping businessES and Their owners overcome financial hardship for over 30 years

New Jersey BUSINESS Bankruptcy

The attorneys at Gillman Bruton & Capone are experienced Bankruptcy attorneys who have represented small businesses and business owners in Chapter 7, Chapter 11, and Chapter 13 New Jersey Bankruptcy cases for more since 1981.   While the laws may change, our commitment to providing our clients with honest advice does not.  By limiting our practice to representing individuals and small businesses experiencing serious debt problems, Gillman Bruton & Capone are New Jersey Bankruptcy lawyers with over 30 years of experience who can help you learn your legal rights and use the laws that protect you to get a fresh start by eliminating or restructuring your debts.  With office location all around New Jersey in cities like Edison, Freehold, Spring Lake Heights, Toms River, Cranford, Madison, please contact us to schedule a Free Case Evaluation with an experienced attorney of the firm.

Chapter 11 Business Bankruptcy

Chapter 11 Business Bankruptcy is often thought of as the commercial bankruptcy option for businesses, sole proprietors and partnerships seeking to restructure their debts while they liquidate assets and restructure payment plans with creditors.

CAUTION: One of the most common errors we see when a small business is facing mounting debt, is waiting to consult an experienced attorney. Small business owners assume that they do not need to consult an attorney until things are “much worse” or feel that attorneys who are experienced in small business debt will force them to close or cost too much. We have assisted many small business owners in all stages of business debt and believe that it is never “too early” to consult an experienced attorney to know your rights, options, and to be able to make the best business decisions moving forward.  Your creditors have attorney, so small business owners need one, too.

A Chapter 11 Bankruptcy case may be filed by a Limited Liability Company (), Corporation (C. Corp. or S. Corp.), or other form of business entity seeking to restructure the debt of a company.

A Chapter 11 Bankruptcy may be an effective way for a small business to reorganize its debt and develop a repayment plan.  We can help you negotiate a repayment plan that is beneficial to all involved.  Chapter 11 cases are especially helpful if you have a current business downturn or debt problem, but you know that things will turn around in the short term.  In many Chapter 11 payment plans, the client is eligible to pay a much lower percentage to unsecured creditors. If you have IRS or state tax problems, you can also restructure that debt over at least five (5) years in Chapter 11.

To learn about all of your rights and options, schedule a Free Case Review with an experienced New Jersey bankruptcy lawyer to give you the best chance to save your home.


Subchapter V of Chapter 11 of the United States Bankruptcy Code, part of the Small Business Reorganization Act (SBRA) effective in February 2020, provides small business debtors with a more streamlined and less costly alternative for small businesses to reorganize and confirm a Business Bankruptcy Plan.

A business debtor with non-contingent, secured and unsecured debt less than $2,725,625 may elect Subchapter V treatment.  Note: under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress increased the cap to $7,500,000 for at least one year from its effective date of March 27, 2020.

Subchapter V provides many valuable opportunities for debt reorganization:

  • Much like a Chapter 13 bankruptcy case, a small business debtor electing Subchapter V treatment may spread debt repayment over 3 to 5 years.
  • Administrative expenses, including attorneys and other professional fees, may be paid over the 3 to 5 years of a Subchapter V Plan. 
  • Elimination of costly and time-consuming Disclosure Statements.
  • Elimination of complex Monthly Operating Reports (MOR).
  • Efficient timelines for filing of Subchapter V Plans.

The attorneys at Gillman, Bruton & Capone, , have been assisting our clients since 1981 in representing small business debtors in New Jersey who are experiencing serious debt problems by using the laws that can protect them. We take the approach of reviewing all of the options that can protect our clients and exploring their rights under all federal and state laws.

NJ Business Bankruptcy & DEBT SOLUTIONS

It Is Never Too Early to Learn Your Rights and Options

The most common error our business owners who are struggling with debt make is waiting to contact an attorney experienced in small business debt issues.  The owners assume that calling a lawyer is a “last resort”; that they will be forced to close the business; or that they cannot afford the expense.

That is why we offer a Free Case Review. We want to help our clients and know it is never “too early” to consult an experienced bankruptcy attorney.  We have assisted many businesses and owners facing debt issues throughout New Jersey.  Know your rights and options to allow you to make the best business decisions.  Your creditors have lawyers, so small business owners need one, too. 

With over 30 years of business bankruptcy and business debt experience, the attorneys at Gillman, Bruton & Capone know the pressures that can lead to business failure and solutions to help. If your business is struggling, facing debt that threatens the business, or you are considering expanding business debt, call for the Free Case Review with a partner attorney of the firm who can inform you of your options and rights.

Get a free case review

The attorneys at Gillman, Bruton & Capone are focused on Bankruptcy, Real Estate, Foreclosure Prevention, Business Advisement and related litigation to offer our clients our experience and expertise to ensure that our clients can most effectively use all of their legal rights and remedies. Gillman, Bruton & Capone is conveniently located in multiple counties around New Jersey such as Middlesex, Monmouth, Ocean, Essex, Union and Bergen Counties.  With office located in Edison, Freehold, Spring Lake Heights, Toms River, Cranford, Madison, contact us to schedule a Free Case Evaluation with an experienced attorney of the firm.