Is your business ready to enlarge and move on to the next stage? You may be contemplating buying another business to incorporate with yours. Or you may be preparing to sell portions of your business that are not in line with your growth plans anymore. This is why you should consider professional legal counsel to help avoid business dispute.
Dissolution of a corporation has much in common with the legal and financial aspects of a divorce between spouses. When a corporation dissolves, individual members disentangle their interests and responsibilities from those of other members of the corporation. Can a business dispute be avoided? To ensure that a corporate divorce is completed fairly, properly and in compliance with all relevant laws and regulations, corporate officers and members seek assistance from lawyers experienced in this area of the law.
Leasing commercial space is more complex than renting an apartment, and in the current economy, both parties have more at stake. The experienced real estate lawyers of Scura, Wigfield, Heyer & Stevens, LLP, can protect your interests on the front end of commercial lease agreements or when conflicts arise regarding renewal, termination or violations. You don’t have to deal with your business disputes alone.
Scura, Wigfield, Heyer & Stevens, LLP, is a valuable resource for New Jersey residents and businesses seeking assistance with commercial real estate transactions or litigation. Our attorneys represent buyers, sellers and leasers on both sides of the leasing "equation." Our commercial real estate attorneys also represent commercial financing institutions regarding commercial real estate transactions and litigation. Are you in need of corporate litigation and realize you need legal counsel for your commercial real estate?
Sometimes conflicts arise in the middle of construction that demand a prompt and definitive resolution to keep the project on schedule. Sometimes issues arise after the work is completed and owners have moved in. Whatever the circumstances of construction disputes, both parties have a substantial investment and are in need of business litigation.
(ABC) Viewed as an Effective and Less Costly Alternative to Bankruptcy for the Liquidation of a Business.
It was reported on February 12, 2007 in the National Post (Canada) by Columbia Professor Edward Morrison, that using state insolvency systems is faster and less expensive in most cases. Professor Morrison said, "It's a much less public event than a federal bankruptcy filing, and thought to be very quick and relatively cheap."
New Jersey Chapter 11 Bankruptcy vs. Assignment for the Benefit of Creditors
Like with anything, both chapter 11 bankruptcies and Assignments for the Benefit of Creditors have their advantages and disadvantages. An Assignment for the Benefit of Creditors can be a cost effective way of winding up the business of the Assignor and selling the assets of the Assignor under state court supervision. The buyer of the assets will still have the benefit of a court order stating that he or she is buying the assets free and clear of the debts of the Assignor. The principal of the Assignor is even allowed to buy the assets of the Assignor as long as the court determines that a fair price for the assets was paid. However, if a debtor company is attempting to save its company in its current form, then a reorganization through a chapter 11 bankruptcy is likely the better avenue to take.