Legal Question in Business Law in New Jersey

Re: Can I start a Business after filing Bankruptcy

Will a very recent bankruptcy filing "hurt" your ability to establish a new business in a credible manner? Of course. Your bankruptcy indicates that you have had recent, significant difficulty in handling financial matters. The best way to resolve this is to pay off your creditors under the Chapter 13 plan as quickly as possible, so at least you can tell future business partners that you diligently rectified your past mistakes.

Will you able to get a grant from the government? All you can do is apply, and see what happens. Will you be able to get investors? I doubt that based on your question a knowledgable investor would be willing to risk money on you at this point. Your question shows no indication that you really have any specific business concept at this point.

Any ideas on how to start a business? There is plenty of material on starting a business in your local library. You can also take courses at your community college or similar institutions. If you know which general area or type of company you would like to go into, what you should probably do is get a job as an employee in that type of company or industry. Then you will get paid for learning, and get experience as well. After a couple of years, when you have paid off all your debts, and also saved a bankroll to capitalize your business, you MIGHT--repeat--MIGHT--be in a position to start your own business.

Re: Can I start a Business after filing Bankruptcy

I agree with Alan. Your recent bankruptcy will be a hinderance in getting investors and/or grants, but anything is possible. I suggest preparing a business plan, with specific details on what you are trying to accomplish, what plans you have made to get started, a full and detailed financial analysis and what resources you personally have available. Formats can be found at local libraries or, perhaps, on line. I concur that taking some courses may be helpful. As to the format, this depends on how you want to operate (sole proprietorship, take in partners, sell stock, etc.). In any effort to raise money, you must disclose the bankruptcy or you could face claims by investors if the deal does not work out.