Most people in Brooklyn and on Long Island can probably guess that, even in bankruptcy, federal income taxes get special treatment. Because they are legal obligations and because governments rely on tax revenue to operate, it probably comes as little…
Chapter 7 bankruptcy allows the filing party to enjoy a fresh financial start but does not require them to start from scratch. Chapter 7 bankruptcy exemptions provide important protections for filing parties to be familiar with and understand how to take advantage…
When filing for Chapter 13 bankruptcy, a debtor may expect the courts to remove all financial obligations to creditors. Though bankruptcy helps minimize or erase some of these debts, Chapter 13 does not discharge all obligations. In addition to repaying…
Bankruptcy is a path to debt relief often used by individuals and businesses in times of prosperity as well as calamity. The year 2020 has dealt tough blows to many families and businesses for reasons that nearly all Americans understand…
Tax debt can be a serious financial issue. In addition to adding penalties and interest to the amount you owe each month, the IRS may use aggressive methods to secure payment. Paying back taxes often becomes a priority, especially when…
The SBA released an Interim Final Rule regarding eligibility criteria for self-employed individuals on April 15, 2020. This rule is to supplement the other guidance that has been issued to date. Funding is limited and for this reason we recommend…
The CARES Act is federal legislation designed to offset the impact COVID-19 has had on the U.S. workforce and economy. It was signed into law on March 27, 2020. The new law infuses $2 trillion into the U.S. economy through…
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 many traditional Chapter…
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 your commitments.…
For a long time, you may have tried to ignore your money issues or thought that you would be able to handle them on your own. Each time you missed a payment or incurred another fee, you may have told…
Great Neck Office
98 Cuttermill Road
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Great Neck, NY 11021
Phone: 866-637-7300
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