Author Archives: Jay Butchko
Business Bankruptcy May Be Your Best Option In The Event Of A Lawsuit
Conflicts with employees, clients, suppliers, or other businesses can land you in legal hot water. Having a lawsuit filed against you creates stress, consumes large amounts of your time, and can distract you to the point of losing profits. In the event the other party wins, it can jeopardize all your hard-earned assets, which… Read More »
What To Do If Your Small Business Is In Trouble
Considering all the ups and downs over the past few years, it is no wonder that many small business owners are finding themselves struggling. Fluctuations in the local or national economy, low demand for certain types of products or services, issues in obtaining adequate inventory, and difficulties in finding employees are all common issues… Read More »
Sole Proprietor? Eliminate Personal And Business Debts Through Bankruptcy
Many people dream of being their own boss and running their own business. While being a sole proprietor has many benefits, it also carries heavy responsibilities. You can be held personally liable for debts your business accrues while unexpected mishaps in your personal life and your own financial struggles can also dramatically impact your… Read More »
COVID Continues To Create Problems For Businesses: How Bankruptcy Provides Solutions
For more than two years now, the COVID-19 virus has wreaked havoc around the globe. In New York and across the United States, lulls in case numbers over warm weather months have given way to dramatic spikes in cases once again. Despite advances, including widely available vaccines, the pandemic continues to impact every area… Read More »
Four Industries In Which Businesses Are Most Likely To File Bankruptcy In 2022
Between a lack of workers, problems in the supply chain, and ongoing issues concerning the COVID-19 pandemic, 2022 is likely to be a tough year for many businesses. Steep declines in profits, decreased demand for certain products, and the inability to meet practical needs could prompt serious financial problems. In dealing with hurdles that… Read More »
Can You Save Assets From Being Seized If Your Business Has Taken On Too Much Debt?
Starting a new business and successfully managing and operating it takes a lot of hard work, effort, and most of all, money. Many business owners do not have funds on hand to pay for all of their business expenses when they first begin their entrepreneurial endeavor. As a result, prospective business owners may decide… Read More »
Can My Business Bankruptcy Be Denied?
Filing for bankruptcy can help save a struggling business or it can help wrap up loose ends and eliminate debts for one that is closing. In either case, it can provide much needed relief and the fresh start you need, but a common question we hear from clients concerns bankruptcy discharge and whether a… Read More »
What To Expect During A First Meeting With Our Business Bankruptcy Lawyer
When faced with unexpected events, shrinking market demands, and diminished profits, filing for bankruptcy may be the best option. As an experienced New York City business bankruptcy lawyer, Harry D. Lewis has more than 40 years experience successfully guiding clients through these proceedings. We can schedule a free consultation to answer your questions and… Read More »
Five Frequently Asked Questions About Business Bankruptcy
If your business is struggling and you are having problems with cash flow or actually considering closing your doors, filing for business bankruptcy may help. While the best course of action is to schedule a free consultation with our New York City business bankruptcy attorneys to discuss your specific situation and the options available,… Read More »
How Filing For Bankruptcy Can Help Both In Selling And Salvaging Your Business
Many businesses are continuing to struggle since suffering major losses at the height of the COVID-19 pandemic. Mounting debts and lost profits may make closing your doors seem like the only possible option. Filing a business bankruptcy can provide a solution. In addition to eliminating debts and creditor claims, it can also provide a… Read More »