The Chapter 11 bankruptcy process can be a complex process as businesses can have different types of debts as well as different categories of creditors. In addition, creditors may receive different types of priority. During a Chapter 11 business bankruptcy, some types...
Month: March 2016
Western New York sees recent bankruptcy filing increase
Personal bankruptcy options are available for individuals struggling with debt and its associated burdens. Bankruptcy filings were on the rise in the western portion of New York in February. The increase was the first year-over-year increase since December of 2014....
In business, is there really such a thing as good debt?
The idea of carrying debt can make some Rockland residents cringe. Being responsible for debt may conjure up images of mounting bills, harassing collection calls, and overwhelming stress for those who are subjected to the weight of debts. However, in some situations,...
Personal bankruptcy may not relieve you of your tax obligations
Debts can build up from many causes, whether they are related to medical expenses, student loans, credit card balances, or others. One way that individuals may find themselves facing the need to file for personal bankruptcy is if they incur large tax bills. However,...
