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Category Archives: Business Bankruptcy

Bank19

Filing Bankruptcy To Avoid Lawsuits A Common Tactic But Does It Work?

By Harry D. Lewis |

Filing for bankruptcy can help struggling companies remain in business. One of the advantages in filing a bankruptcy petition is that it can help avoid liability in lawsuits, but this practice can be controversial. Find out more about how one well known company’s use of bankruptcy is coming under fire and the ways it… Read More »

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BankruptcyQuestions

What To Expect If Your Small Business Files Bankruptcy

By Harry D. Lewis |

As a small business owner, one of the most difficult decisions to make concerns whether to file for bankruptcy. Our New York City bankruptcy attorneys provide the trusted legal guidance you need throughout the process. The following details what to expect, depending on the type of bankruptcy you file. Considering Closing Your Business? Chapter… Read More »

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Bankr29

What Are The Common Causes Of A Business Bankruptcy?

By Harry D. Lewis |

Making the decision to file for bankruptcy is not easy for a business owner. Most subject themselves to months of overdue bill notices, legal threats, and other credit collections hassles while attempting to address all the potential underlying reasons for their current financial situation. Part of the decision making process is understanding exactly what… Read More »

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Questions

The Five Whys: Questions To Ask When Considering A Business Bankruptcy

By Harry D. Lewis |

Businesses can run into difficulties for a variety of reasons. Calmly assessing the situation is key to uncovering possible solutions but when you are drowning in debts and facing harassing creditor claims, this can prove quite challenging. The ‘five whys ’ is a technique used in handling all types of problems and can be… Read More »

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Bank11

Rebuilding After A Business Bankruptcy

By Harry D. Lewis |

As a business owner, filing for bankruptcy can allow you to reorganize debts, create more manageable payment plans, protect important relationships with suppliers, and prevent liens, property seizures, or other legal actions. Many companies have filed for bankruptcy only to come back stronger in the aftermath. The following details four simple steps that can… Read More »

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Bankr31

What Is A Fraudulent Transfer In New York Business Bankruptcy Proceedings?

By Harry D. Lewis |

People are often tempted to take desperate measures to save failing businesses, but these could have serious impacts if you file a business bankruptcy in New York. A fraudulent transfer can be reversed by the court and may result in accusations of bankruptcy fraud. Fraudulent Transfers In Business Bankruptcy Bankruptcy is an option provided… Read More »

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BusinessBank

Contributing Factors That Continue To Drive Business Bankruptcy Filings Due To COVID-19

By Harry D. Lewis |

Over the course of 2020, the situation surrounding COVID-19 took a heavy toll. In addition to potentially life-threatening health impacts, widespread lockdowns, mask mandates, and social distancing all had dramatic effects on us individually and on businesses. While the situation has improved since then, there are still concerns about high case counts. There also… Read More »

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Bankruptcy12

How Business Bankruptcy Applies To Your Commercial Lease

By Harry D. Lewis |

When your business is in trouble and you are falling behind on bills, making commercial lease payments is likely to be one of your biggest challenges. Find out how you can address this issue through business bankruptcy, whether you opt to close or remain open and reorganize your debts. When Your Business in Closing:… Read More »

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Bankr27

Chapter 7 Bankruptcy In New York: Signs Its Time To Close Your Business

By Harry D. Lewis |

Owning your own business is often a lifelong dream and you may have invested significant amounts of both time and money to ensure its success. Despite your best efforts, it may not work out quite the way you planned. Wondering whether it is time to pull the plug and close your business? The following… Read More »

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Bank2

Preparing For A Chapter 11 Business Bankruptcy

By Harry D. Lewis |

Part of owning a business is anticipating future trends. This often proves challenging, particularly when the forecast is grim. Recognizing the signs that your business is in serious trouble and taking action to avoid potentially negative consequences can help ensure your company remains open. This often includes accepting the fact that filing a business… Read More »

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