If My Business Gets a Discharge, Am I Personally Cleared of the Debt?
One of the most common bankruptcy misunderstandings we hear at The Law Office of William Waldner, PC is this: “If my business gets a discharge, I’m personally off the hook, right?”Wrong. While filing for bankruptcy can provide powerful relief—especially for small businesses—it doesn’t automatically protect you or anyone else associated with the business unless they’re […]
NY Business Bankruptcy: Options for Sole Proprietors, LLCs
Sometimes, businesses need financial help, too. Learn more about business bankruptcy in New York, the various options available (Chapter 7, 13, and 11), and how to navigate each one.
Is a Corporation or other Business an asset in a Chapter 7 Bankruptcy?
Is a Corporation or other Business an asset in a Chapter 7 Bankruptcy? Whether you have shares in a public company, own an LLC, or have an interest in a partnership they may be of value to a Bankruptcy Estate. First, in a Chapter 7 case the estate becomes property of a Bankruptcy Trustee when […]