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Author Archives: Jay Butchko

Bank7

Can The Government Take Your Property And Not Pay You For It?

By Harry D. Lewis |

After COVID-19 first came to the scene the government engaged in activities and actions that were unprecedented for what they claimed were necessary public health measures. From business and school closures to keeping people inside of their homes and away from others, ultimately the long-term implications of such steps resulted in economic harm for… Read More »

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Bank17

Who Gets Paid First During Liquidation Proceedings?

By Harry D. Lewis |

When a company has too much debt with no ability to pay its creditors, and it is determined that an end to the business is necessary, it will be considered insolvent. As a result, the company may liquidate all of its assets and use the proceeds of those funds to pay different creditors and… Read More »

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BusinessLit2

Should Your Organization Adjust Its By-Laws?

By Harry D. Lewis |

At a company’s inception, the bylaws that were put into place may have made sense. But over time, there could be changes in different approaches or rules that work much better than what was originally stated in the language. It is prudent for companies and associations to review their bylaws regularly to keep up… Read More »

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Bankr16

Do You Need An Attorney To File For Business Bankruptcy?

By Harry D. Lewis |

When your business has accrued much more debt than you can pay down, bankruptcy may be on your mind as a way to remedy your situation. But, filing for business bankruptcy does not always mean that your business is ending and you have to close your doors. In some cases, continuing operations makes sense… Read More »

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Questions

Top 5 Questions To Determine Which Type Of Business Bankruptcy Is Right For You

By Harry D. Lewis |

When you have come to the point where there is no means by which you can work your business finances in a way that can repay your debt, figuring out how to get out from under these financial obligations is necessary. The stress and the challenges that come with financial woes can be very… Read More »

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DebtCollection

How Much Should A Creditor Be Involved With Payment Plan Development?

By Harry D. Lewis |

In an ideal world when a company is established, it will run and function smoothly with no problems to its success. As a result, it will be profitable and able to pay back its debt. In some situations, this does happen but in others not so much. And when a company is overburdened with… Read More »

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BusinessLaw2

Interesting Facts About Small Businesses In 2021

By Harry D. Lewis |

Small businesses make up the majority of the operations that exist in the United States. In fact, just under 36 million small businesses existed in 2021 meaning that small businesses accounted for just under 100% of all businesses operating that year. If you are interested in starting your own small business, you clearly are… Read More »

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Bankr29

FAQ About American Small Businesses

By Harry D. Lewis |

Starting one’s own business takes much planning, effort, and strategizing. When a business owner first opens their doors unless they have owned a business in the past, they are learning how to wear every hat in terms of being responsible for every operational aspect of their company for the first time. Financials, marketing, operations,… Read More »

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Bankr25

How Often Do Legal Suits Affect Small Businesses And Can They Cause Financial Harm?

By Harry D. Lewis |

Starting and running a small business effectively and successfully for the long term is an extremely difficult task in the United States. Even though just under 100% of all businesses in the United States are small businesses, the grand majority struggle to even last 5-10 years and a large portion do not even last… Read More »

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WillDocument

4 Reasons Why Wills Are Contested

By Harry D. Lewis |

One of life’s necessary but unpleasant topics to think about and act on is end-of-life planning. Contemplating about one’s own demise or that of a loved one is not a pleasant subject, but establishing an estate plan is a critical action that individuals should do while they are in good health to better ensure… Read More »

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