Chapter 13 vs. Chapter 11 Bankruptcy for Small Business Owners in New York: Navigating Your Options

Chapter 13 vs. Chapter 11 Bankruptcy for Small Business Owners in New York: Navigating Your Options

Editorial Credit: Vitalii Vodolazskyi / shutterstock.com  If you’re a small business owner in New York grappling with insurmountable debt, missed payrolls, or unpaid suppliers, you may be considering bankruptcy as a way to manage your financial crisis. Choosing the right type of bankruptcy—Chapter 13 or Chapter 11—can make all the difference in how effectively you […]

Filing for Bankruptcy in 2024: What You Need to Know

Filing for Bankruptcy in 2024: What You Need to Know

When thinking of filing for bankruptcy, understanding the bankruptcy process and the available options can be challenging. This article provides general information, not legal advice, to simplify things for you.  What Is Bankruptcy? “What is bankruptcy?” This is a common question when facing financial challenges. Life happens, and factors such as illness, divorce, foreclosure, or […]