PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to discuss your options.
TOLL FREE: 866-394-2661
PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to discuss your options.
TOLL FREE: 866-394-2661
Chapter 11 bankruptcy can help struggling businesses that wish to remain in business. It is a reorganization bankruptcy option for businesses that are facing financial challenges to consider. Eligibility for Chapter 11 bankruptcy Both small and large businesses are...
Small business is fighting a tough battle against the economic consequences brought by the pandemic. But four recent amendments to the Bankruptcy Code may help small businesses which are filing a Chapter 11 bankruptcy. Paycheck protection program The Paycheck...
There are many different businesses in New York and they provide many different products and services to people. In order to run these various businesses the owners often times have various expenses associated with the business. The expenses can include rent,...
In a time of many unknowns, businesses in New York and elsewhere are making major business decisions to ensure the longevity of their businesses is protected. Unfortunately, when difficult financial times are occurring, not all businesses can stay afloat or remain...
As any New Yorker can attest, the pandemic has impacted individuals and businesses in a variety of ways. While some may have experienced little to no impact when it comes to finances, many small business owners and major companies have experienced just the opposite....
When a big national or international business files for Chapter 11 bankruptcy, it usually makes headlines. However, most of the time, the company stays in business during and after bankruptcy. The same is true for many smaller businesses on Long Island. Chapter 11...
When businesses get stuck in debt that they cannot repay, the repercussions can be devastating to a whole community. The purpose behind Chapter 11 bankruptcy protection is not just to protect the business owners but it also helps to protect the entire community....
Sometimes Long Island businesses just need a break so they can stop and recharge their batteries. Chapter 11 business bankruptcy is a way of doing just that. Recently, the electric car maker Coda announced that it had filed for Chapter 11 protection and would be...
The medical profession, one might think, is recession-proof. After all, there are always sick people, whether the economy is good or bad. But, in fact, the sluggish economy has taken a toll on doctor's offices in New York and across the country. As a result,...
A commercial bankruptcy has different financial implications than an individual bankruptcy. However, creditors in a business bankruptcy may still seek out personal assets when they back business debts. The following Chapter 11 bankruptcy illustrates how a business may...
