Debt Relief Services for Individuals and Businesses
problem. For individuals, the stress of the debt can serve as a barricade blocking the enjoyment of life. For businesses, the time devoted to trying to overcome financial problems can distract from running the business. Bankruptcy is one solution available to individuals and businesses facing stressful debt issues.
At the law firm of Glenn & Glenn, LLP in Ulster County, our attorneys have more than 20 years of legal experience. Not only do we understand the problems that debt can cause, we know how to find creative solutions that meet our clients' needs.
Bankruptcy for Individuals
Two bankruptcy options are available to individuals in New York who need to overcome debt. These options are:
At Glenn & Glenn, LLP, our experience means we are familiar with alternatives to bankruptcy. We will inform you of all of your options, so you can make informed decisions for your future. For instance, our lawyers can address the possibility of using workout strategies to overcome debt. We also can stop or prevent a foreclosure action and help homeowners reduce their mortgage payments under the Home Affordable Modification Program (HAMP).
Bankruptcy for Businesses
Bankruptcy for businesses is far more complex than it is for individuals, but our experience in this area means we can navigate through the complexities of assisting a business with the successful filling of a Chapter 7 liquidation or a Chapter 11 reorganization bankruptcy.
Chapter 11 bankruptcies require a plan of reorganization. Selling the business within the context of the bankruptcy may be an option. This is often a complex matter, particularly for public companies that require a variety of securities law and corporate matters to be addressed among many other issues.
Reorganization may require the sale of assets or portions of the business to pare down the company. When possible, debt may be converted to equity to avoid interest payments. The bankruptcy filing must be leveraged against creditors to negotiate deals that will allow the business to emerge from bankruptcy healthy and ready to move forward.
Every bankruptcy case is different, and our commitment to personal service is key to a successful resolution for your business. We will develop a unique plan that is designed to achieve your business goals. The plan may involve bankruptcy, workout issues or a combination of both.
Contact Us for a Free Initial Consultation
Our Hudson Valley attorneys are available to discuss bankruptcy. We are prepared to meet with you and advise you on how to move forward to achieve your goals.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
