Chapter 11 bankruptcy basics
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.
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.
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.
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…
Many people who live on Long Island or Westchester County may start exploring bankruptcy because they are facing the prospect of losing their homes or home in foreclosure. Indeed, the thought of losing one’s residence can cause a great deal of fear…
Most Long Island area residents have at least one credit card. In fact, it is estimated that Americans have at least four credit cards. Most of the time a credit card holder is responsible with credit card debt but occasionally…
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…
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…
Chapter 13 bankruptcy differs from Chapter 7 bankruptcy in several important ways. One of those differences relates to the bankruptcy filers’ abilities to use their own income to pay off their debts. If a Long Island resident has some disposable…
Chapter 7 bankruptcy is an important legal and financial tool that helps many New Yorkers find stable financial footing each year. Through Chapter 7 bankruptcy a debtor may liquidate their assets for the purposes of paying off their creditors and…
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…