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Small Business Bankruptcy

Business Bankruptcy Lawyers in Brooklyn, New York

If you own a small business in Brooklyn, New York and are facing financial difficulties, it’s important to know that filing business bankruptcy is an option for you. What kind of business bankruptcy information do you need to proceed? First, you need a lawyer.  Preferably an experienced Brooklyn business bankruptcy lawyer. Second, you need to …

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Business Bankruptcy Lawyers in Brooklyn, New York

If you own a small business in Brooklyn, New York and are facing financial difficulties, it’s important to know that filing business bankruptcy is an option for you. What kind of business bankruptcy information do you need to proceed? First, you need a lawyer.  Preferably an experienced Brooklyn business bankruptcy lawyer. Second, you need to …

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Strategic small business bankruptcy: Sid’s Hardware uses Chapter 11 to end lease

Filing for bankruptcy, especially Chapter 11, doesn’t necessarily mean you’re broke or that your business failing.  Sometimes it’s part of a larger strategy to get out of a tight situation. In the case of Sid’s Hardware Store on 345 Jay Street in Metrotech, the business was viable but the lease was too expensive to enable …

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Small business owners: Watch out for debt relief scams like Corporate Turnaround

I’ve written posts here previously warning individuals about debt relief companies, which often are guilty of creating more debt and no relief. But recent trends indicate that small business owners also need to watch out for debt relief scams specifically aimed at small businesses. This post on CreditSlips.org by Professor Bob Lawless notes an increase …

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