What Should I do if my Business is Currently in Debt in NY?

If you are a business owner here in New York State, you most likely have a lot of competition, no matter how unique or special your business is. With this in mind, accompanied by the fact that the COVID-19 pandemic has had a drastic impact on business throughout the United States, you have a lot […]

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Does Bankruptcy Affect My Social Security Check in New York?

For many people, filing for bankruptcy is an incredibly stressful process. As such, those who file often have various questions regarding the future of their home and other assets. One of the most common questions our firm receives is, “will filing for bankruptcy take away my Social Security?” This is a very good question, as […]

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2020 Bankruptcy Statistics in New York State

As you may know, the COVID-19 pandemic has brought about an onslaught of bankruptcy filings throughout New York State, though perhaps surprisingly, there were not quite as many bankruptcy filings as there were in 2019. That being said, Chapter 11 bankruptcies, typically used for struggling businesses, were up around 13% in the past year. Please […]

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What You Need to Know About Subchapter 5 Bankruptcy in New York State

In February of 2019, Congress enacted the Small Business Reorganization Act. This Act added Subchapter 5 to Chapter 11 of the United States Bankruptcy Code, which essentially provided small businesses with a new form of bankruptcy that allows business owners to reorganize their debt in a streamlined, cost-effective way. If your business is currently in […]

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How Do I Begin the Bankruptcy Process in New York State?

If you are someone who is currently overwhelmed with debt that you simply cannot figure out how to pay off, you may not know where to turn or what the next step should be. While in many cases, there are alternatives to bankruptcy, for most people, bankruptcy is actually a fantastic option that is nowhere […]

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