Ashford Schael represents small to midsize businesses in out of court restructurings, wind-downs, dissolutions and assignments for benefit of creditors.  Whether your business is in financial distress and needs to restructure or is ready to close its doors, Ashford Schael has the experience and knowledge to provide you with alternatives and recommendations and guide your business every step of the way.  Our business clients are typically referred to us by financial professionals and bankruptcy attorneys when their clients need a lower fee structure without compromising quality, experience and deep knowledge of insolvency and bankruptcy law.​​​

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Businesses with significant debt seeking to close have a variety of options including bankruptcy, out of court winddowns and dissolution, and assignments for the benefit of creditors.  Typically, filing a chapter 7 bankruptcy case is not the best solution and does not result in maximizing value and limiting exposure.  Ashford Schael will perform a comprehensive analysis of all aspects of your business to determine the best strategy to maximize value.  ​

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It is never too early to consult with a bankruptcy/insolvency attorney.  Too often businesses limit their options by waiting until they have significant defaults or other adverse financial events to contact a bankruptcy insolvency attorney.  If your business is experiencing financial difficulties or needs to close, call Ashford Schael 908-232-5566 or contact us to schedule a free consultation.