Category Archives: Bankruptcy
Protect Your Brand During Business Bankruptcy
When unexpected expenses, fluctuations in the market, or other common issues arise that jeopardize your business. filing a Chapter 11 business bankruptcy can help to protect you. It acts as a reorganization, allowing you time to reassess the situation, renegotiate contracts at more favorable rates, and eliminate certain types of debts. In doing so,… Read More »
Involuntary Petitions In Bankruptcy
Filing for bankruptcy can help protect your business by eliminating certain debts and renegotiating payment on others. It allows you to maintain relationships with suppliers while preventing creditor harassment and additional collections actions. You may be reluctant to file for bankruptcy but it is important to be aware that if you are struggling in… Read More »
Your Personal Liability In Business Bankruptcy
As a business owner, unexpected events can arise that impact your cash flow and your ability to make payments to suppliers and other creditors. Rather than allow these problems to jeopardize your business, filing for bankruptcy may be your best option. Business bankruptcy provides important protections but one of the most common questions we… Read More »
Eliminating Debts Through Chapter 7 Bankruptcy
General downturns in business and ongoing impacts of COVID-19 have put many small businesses in jeopardy. Whether you are struggling to stay afloat or have already made the difficult decision to close your doors, filing a business bankruptcy can provide some much needed relief. It protects you against creditor harassment and legal actions, such… Read More »
How Will Bankruptcy Impact My Credit Rating?
Filing for bankruptcy in New York can provide a fresh start for people who are overwhelmed with debts and falling behind in payments, giving them the chance to rebuild their financial security. One of the things that often holds people back is concern over how bankruptcy will impact their credit rating. While it will… Read More »
Is COVID-19 Causing Increase In Bankruptcy Filings?
Ongoing concerns over the COVID-19 pandemic are continuing to impact every aspect of the lives of New Yorkers. With rising case counts and increased business closures, any return to normal is unfortunately not likely to happen until spring. As a result, many individuals and companies hard-pressed by the situation will be turning to bankruptcy… Read More »