My NY Business is in Debt. What Should I Do?

man in distress

If you are a business owner, your business is most likely one of your most significant assets, if not the most significant asset you own. That being said, even profitable businesses can incur some financial hardship, and in some cases, business owners may find themselves in debt. If you’re currently in debt and are looking for a way to dig yourself out of it without having to close your business’s doors forever, you’ve come to the right place. Please continue reading and reach out to a competent Rockland County business debt restructuring attorney from the Law Offices of Allen A. Kolber, Esq. to learn more about your options and how our legal team can guide you through each phase of the process ahead. Here are some of the questions you may have:

Is business debt restructuring right for me?

Business debt restructuring is the practice of renegotiating delinquent debt with lenders so a business can pay off its debts at a more affordable rate and, ultimately, improve its liquidity and prevent it from shutting down. Of course, for many, this is a far superior option to throwing in the towel and calling it quits.

Do I have to hire an attorney to help with business debt restructuring?

As with all legal matters, you don’t technically have to hire an attorney. That being said, with your business at stake, you’d be making a huge mistake by not hiring attorney to walk you through the debt restructuring process. Our firm has decades of experience negotiating on behalf of business owners to help them keep their businesses and remain profitable, and we are prepared to put that knowledge and dedication to our clients to work for you as well. Whether you’re looking to restructure your debt or you’re wondering if it’s time to file for bankruptcy, you are in the right place, and we will work to ensure we attain a positive outcome on your behalf. If you have any further questions, simply pick up the phone and give us a call today.

Contact our experienced New York firm

Bankruptcy, for many people, is a frightening endeavor. Fortunately, with the help of an experienced attorney, it does not have to be. If you require the services of an experienced Business Law or Bankruptcy attorney, contact the Law Offices of Allen A. Kolber, Esq. today to schedule a consultation and discuss your options. We will have your back every step of the way.