We Understand Financial Distress.

During the past four decades, Forman Holt attorneys have represented financially troubled businesses in restructuring efforts.  Our attorneys represent distressed businesses in a wide variety of circumstances including two party loan workouts, out-of-court restructuring and Chapter 11 reorganization proceedings.

We work with our clients to assess the economic, market and legal issues relating to their financial problems, to identify realistic business goals and solutions, and to devise a strategy for resolving issues with secured parties, taxing authorities and unsecured creditors.

When possible, we will strive to achieve our clients’ objectives by working with creditors to effectuate an out-of-court restructuring. When necessary, our attorneys have the experience and expertise to file a Chapter 11 petition and to litigate with creditors or seek appropriate relief in bankruptcy proceedings including “cram down” plans of reorganization.

In general, successful reorganization efforts do not improve with age. Rather, they become more expensive and taxing as time goes on. Our firm has earned a reputation for moving debtors through the bankruptcy process quickly. This often results in substantial savings on legal, accounting and other administrative expenses for our clients.

 Our attorneys are prepared to help your troubled enterprise navigate a course for rehabilitation.

If a restructuring or reorganization is not viable, our attorneys have significant experience in representing entities in various types of liquidations, both in-court and out-of-court. An out-of-court liquidation could be as simple as assisting an entity in a sale of assets and negotiating with creditors to take less than 100% of their debt. An in-court liquidation could include filing a Chapter 7 bankruptcy petition in Bankruptcy Court or representing an entity in a state court Assignment for the Benefit of Creditors action.

Schedule a consultation to discuss your unique circumstances.

  • Get the breathing room needed to recover from adverse financial circumstances.
  • Find out the options available and get advice from experts on the best course of action.
  • Get guidance on how to efficiently and expeditiously navigate the bankruptcy process.

Forman Holt Named to "Best Law Firms" 2023

Forman Holt has been ranked in the 2023 U.S. News – Best Lawyers® “Best Law Firms” list for the New Jersey region in two bankruptcy-related practice areas. 

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Forman Holt Named to Forman Holt Named to

Forman Holt Members Confirm Ammon Labs Chapter 11 Plan

The Chapter 11 Plan of Reorganization for Ammon Labs was confirmed in the United States Bankruptcy Court for the District of New Jersey.

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Forman Holt Members Confirm Ammon Labs Chapter 11 Plan Forman Holt Members Confirm Ammon Labs Chapter 11 Plan

Charles M. Forman Named to 2023 Best Lawyers List

Managing Member of the firm Charles M. Forman, awarded the prestigious Lawyer of the Year recognition in back-to-back years (2020 & 2021), has been named to The Best Lawyers in America® list for 2023.

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Charles M. Forman Named to 2023 Best Lawyers List Charles M. Forman Named to 2023 Best Lawyers List

NJBLF Recognized by Legal Services of NJ

The New Jersey Bankruptcy Lawyers Foundation, led by the Foundation’s President Charles M. Forman, received the William J. Brennan, Jr. Citation for Justice from Legal Services of New Jersey for providing emergency funds that support LSNJ’s clients through challenging times.

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NJBLF Recognized by Legal Services of NJ NJBLF Recognized by Legal Services of NJ

All Forman Holt Members Recognized by Super Lawyers

All of the firm’s members have been named to the prestigious Super Lawyers list in 2020, 2021, 2022 and 2023, an honor reserved for only 5% of lawyers in each state.

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All Forman Holt Members Recognized by Super Lawyers All Forman Holt Members Recognized by Super Lawyers

Charles M. Forman Appointed to NJIT Board of Overseers

The New Jersey Institute of Technology has appointed Forman Holt attorney Charles M. Forman, an alumnus of the University, to its Board of Overseers.

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Charles M. Forman Appointed to NJIT Board of Overseers Charles M. Forman Appointed to NJIT Board of Overseers

Charles M. Forman Recognized By Chambers and Partners

Mr. Forman’s eighth consecutive year receiving that honor, he is ranked in “Band 2” in Chambers’ bankruptcy/restructuring category.

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Charles M. Forman Recognized By Chambers and Partners Charles M. Forman Recognized By Chambers and Partners

Charles M. Forman Receives Lifetime Achievement Award

The NJ Law Journal named Charles Forman as recipient of their 2016 Lifetime Achievement Award. The committee considers which individuals helped to shape the law in NJ, through their work on the bench, in-house or building a firm.

Charles M. Forman Receives Lifetime Achievement Award Charles M. Forman Receives Lifetime Achievement Award