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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Biden Administration Expands Paycheck Protection Program to Reach Smaller Businesses

Starting on Wednesday, February 24, 2021, businesses with fewer than 20 employees are now granted a two-week period to apply for loans under the Paycheck Protection Program. This is great news for many smaller, minority-owned businesses who were unable to access loans from this program in the past. In this two-week period, businesses with more […]

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Eligibility For The PPP Has Been Expanded

Over the past few months, the country, and especially states such as New York, New Jersey, Florida, and more, have been pummeled by the coronavirus. Not only has the virus taken a significant toll on our physical health, but also on our economic health. People across the U.S. are now jobless, even as the virus […]

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What You Need to Know About Chapter 7 Business Bankruptcy

There are few things more stressful for a business owner then accruing debt. That being said, if you are a struggling business owner, you may have certain options available to you. One of those options is known as Chapter 7 business bankruptcy. However, before making the move to Chapter 7, you should hire an experienced […]

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What You Need to Know About Chapter 11 Business Bankruptcy

If you are a business owner but are in debt, there is a good chance you may qualify for Chapter 11 business bankruptcy. Chapter 11 business bankruptcy allows you essentially to restructure your debt over a 5-year plan, all while keeping your business running and employees on staff. With a business bankruptcy, creditor activities will […]

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