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" 2021

The firm has been included in the 2021 Edition of  Best Lawyers “Best Law Firms,” a distinction of professional excellence. To be eligible, a firm must have a lawyer recognized in The Best Lawyers in America, a list of the top 5% of private lawyers in the USA, which included Charles M. Forman for 2020 and 2021.

Forman Holt Named to Forman Holt Named to

All Forman Holt Members Recognized by Super Lawyers

The Forman Holt law firm is unlike any other insolvency firm in New Jersey, in that all of its members have been named to the prestigious Super Lawyers list in both 2020 and 2021, an honor reserved for only 5% of lawyers in each state.

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

3 Tips For Small Business Owners In Financial Difficulty

Charles M. Forman is featured in the online column “Triple Play”, a weekly NJBIZ feature that asks top executives in New Jersey to talk about three things related to their industry.

3 Tips For Small Business Owners In Financial Difficulty 3 Tips For Small Business Owners In Financial Difficulty

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

Charles Forman Celebrated for Dedication to the Field of Law in Marquis Who’s Who

Prominent bankruptcy attorney Charles M. Forman has been included in Marquis Who’s Who, the publication which serves as the standard in biographical reference publications.

Charles Forman Celebrated for Dedication to the Field of Law in Marquis Who’s Who Charles Forman Celebrated for Dedication to the Field of Law in Marquis Who’s Who