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Monthly Archives: November 2022

Insolvency

How Does New York Law Describe The Insolvency Of A Business?

By Harry D. Lewis |

Whether monthly, quarterly or annually, bills for goods and services come with a due date that payment must be made. It is essential to pay on time because late payments may come with additional fees and penalties. These extra costs can add up very fast and make what would have once been an affordable… Read More »

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Bank15

5 Tips To Establish Credit Small Businesses

By Harry D. Lewis |

Starting a new business can be an exciting endeavor. Making a business successful takes work and effort, but it is possible. There are many aspects of a flourishing business, including its standing financially. A good credit score can help a business thrive and grow. When your business’s credit is in good standing, you will… Read More »

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BankruptcyFraud

Subchapter V Bankruptcy Basics

By Harry D. Lewis |

Before Subchapter V of the bankruptcy code was enacted into law, business debtors that needed bankruptcy protection generally had to file under Chapter 7 or Chapter 11. Chapter 7 is a liquidation procedure where business assets are sold to satisfy creditor debt. Chapter 11 is a reorganization attempt where businesses restructure debt in order… Read More »

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