By Esther Claudette Gittens | Editorial credit: Tada Images / Shutterstock.com The debt ceiling is the legal limit set by Congress on the amount of money the federal government can borrow to meet its financial obligations. When the U.S. government reaches this limit, it cannot issue new debt unless Congress votes to raise or suspend […]
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 […]
