The Coronavirus Aid, Relief and Economic Security (CARES) Act temporarily expands eligibility for “small businesses” to reorganize under chapter 11 over creditor objection under a new law that streamlines chapter 11 reorganizations Subchapter V modifies or eliminates...
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COVID-19 — Navigating the impact on your business
The spread and response to COVID-19 had had a significant impact on businesses, including the contracts you signed before the epidemic started. Unfortunately, there can be disastrous consequences when government orders and health precautions keep you from fulfilling...
Do bankruptcy filing fees have you reconsidering this option?
Wanting to become financially aware may hit you for any number of reasons. In particular, you may already have found yourself facing considerable financial difficulties and now want to get back on track. You may try to budget, account for every penny spent and make...
Breaking down bankruptcy — what you need to know
If you are one of the many New York residents struggling financially, you have likely started looking into all of the debt relief options available to you. Some may not seem very realistic, and others may seem too good to be true -- which means they probably are. At...
Don’t let your spouse’s tax liability become yours
Like many married or formerly married couples in New York and elsewhere, you have or do file joint taxes. There are a lot of benefits to doing so. Unfortunately, this also means that the Internal Revenue Service can come after you for your spouse's or former spouse's...
How do I know which chapter of bankruptcy is right for me?
If you find yourself unable to manage your debt on your own, you may feel that there is no way out of your current financial situation. In reality, there are options available to you, including the option of filing for consumer bankruptcy. Making the decision to file...
How does a Chapter 13 bankruptcy work and is it right for me?
If you are one of the many New York residents who is financially struggling, you have likely started looking into what debt relief options are available to you. You have likely seen and heard advertisements for help that seem far too good to be true — and they...
Are you a victim of illegal debt collection efforts?
Dealing with overwhelming debt can have many negative consequences on your life. Besides the stress that comes with missing payments and knowledge that you cannot hope to catch up on your own, you may have to deal with phone calls and other forms of contact from...
3 options for dealing with debt you may want to avoid
Most New York residents have likely heard some version of the phrase "money makes the world go 'round." While many people -- including yourself -- may agree with this sentiment, you in particular may have a disdain for this widely accepted notion due to your financial...
Weighing the pros and cons of available options for debt relief
If you are facing an insurmountable amount of debt, chances are, your monetary obligations may be causing you to suffer a lesser quality of life. You might be spending most of your time researching the available options, but with so many available outlets for relief,...