On behalf of Jeffrey M. Rosenblum, P.C. | Jun 6, 2013 | 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....
On behalf of Jeffrey M. Rosenblum, P.C. | May 15, 2013 | Chapter 11
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...
On behalf of Jeffrey M. Rosenblum, P.C. | Apr 18, 2013 | Chapter 11
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,...
On behalf of Jeffrey M. Rosenblum, P.C. | Mar 8, 2013 | Chapter 11
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...
On behalf of Jeffrey M. Rosenblum, P.C. | Feb 21, 2013 | Chapter 11
Realizing a business venture is on the brink of possible failure can be a sobering event. Business owners in this situation often need to make difficult decisions about the future of their companies. Chapter 11 bankruptcy may be an unfortunate, but necessary, option...
On behalf of Jeffrey M. Rosenblum, P.C. | Feb 15, 2013 | Chapter 11
A commercial bankruptcy has different financial implications than a personal bankruptcy, although a business owner may support business debts with personal assets. Business owners often declare a business bankruptcy with a Chapter 11 filing. Readers in Long Island may...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 30, 2013 | Chapter 11
The decision to file bankruptcy can be a difficult one, but in financially challenging times, it may be a sound option. Filing Chapter 11 bankruptcy can help a struggling business reorganize debt in an effort to keep it from going under. Businesses facing this...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 24, 2013 | Chapter 11
A business bankruptcy generally occurs because a company faces overwhelming debt. Companies may file for Chapter 11 to gain some relief from creditors while attempting to reorganize the business so that debts can be discharged. Our New York readers are already...
On behalf of Jeffrey M. Rosenblum, P.C. | Jan 5, 2013 | Chapter 11
While the term “bankruptcy” may invoke negative feelings, it is often a chance to relieve stressful financial times and reduce the pressures associated with being in debt. In the business world, Chapter 11 actually allows for a company to continue to...
On behalf of Jeffrey M. Rosenblum, P.C. | Dec 13, 2012 | Chapter 11
When a business is in financial trouble, it can file for bankruptcy to either liquidate its assets and go out of business or reorganize and try to stay afloat. The latter process is known as a Chapter 11 bankruptcy, and it offers a business the opportunity to enter...
