Jump to Navigation

Company size can impact a business bankruptcy differently

It is not uncommon for a New York resident to read a local newspaper story about a major corporation filing for business bankruptcy. To the uninformed reader, a headline indicating a business's entry into the bankruptcy process may signify the start of its demise into obscurity. However, many of our readers know that bankruptcy does not have to be an ending, but rather a beginning.

Large companies with extensive holdings and diverse assets can, in some cases, reorganize themselves in ways that allow them to return to profitability. These companies may possess a multiplicity of options that let them make changes to their structures without losing their footing in their industries. However, not every major corporation that files for bankruptcy emerges successful on the other side, and in some cases smaller companies struggle to come out of business bankruptcy with their doors still open.

Because they do not possess the same resources as major corporate players, small businesses can have a hard time in bankruptcy. Smaller companies may not have the same options for reorganization as companies with offices across the globe, or they may not have successful partners or sub-corporations that can financially support them throughout the bankruptcy process. Small businesses can find fresh starts in bankruptcy, but their paths to financial relief can look very different from those used by big companies.

At our law firm, we attempt to help businesses and their owners sort out their debts and assess whether bankruptcy is the right form of debt relief.

No Comments

Leave a comment
Comment Information
Subscribe to This Blog's Feed

CONTACT US

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

FindLaw Network

Location

Law Office of Ronald V. De Caprio 65 West Ramapo Road Garnerville, NY 10923 Phone: 845-406-4201 Toll Free: 866-936-8113
Map & Directions