by Rich Michaelson Magaliff, LLP | Dec 30, 2015 | chapter 11
As a business owner goes through the steps of establishing his or her business and growing it, the individual often turns to an attorney in order to make sure he or she is following all the laws related to that business. While one hopes to have their business...
by Rich Michaelson Magaliff, LLP | Dec 23, 2015 | chapter 11
While many might see bankruptcy as a bad word, it can actually be a wonderful thing for those who really need it. For example, Chapter 11 bankruptcy doesn’t mean the company is nearing its demise. It’s actually a great way to protect a company from creditors and give...
by Rich Michaelson Magaliff, LLP | Dec 19, 2015 | business & commercial bankruptcy
Businesses end up having to file for bankruptcy for a variety of reasons. Some may have to do with poor decision-making while others may have more to do with the economic climate. But what about the actual climate, as in our weather outside? For one company in New...
by Rich Michaelson Magaliff, LLP | Dec 16, 2015 | chapter 11
Inherently, an individual who sets out to own all or a portion of a business is a risk-taker. Among business owners the mantra of no risk no reward is a constant and even the most successful business models and business owners may experience financial hardships. From...
by Rich Michaelson Magaliff, LLP | Dec 9, 2015 | business & commercial bankruptcy
In our last blog post, we began discussing some of the factors that business owners must consider and investigate when deciding whether or not to personally guarantee a business’ financing. We mentioned the importance of determining one’s personal...
by Rich Michaelson Magaliff, LLP | Dec 2, 2015 | business & commercial bankruptcy
According to the U.S. Small Business Administration, the roughly 28 million small businesses in the U.S. account for approximately 54 percent of total annual U.S. sales. For a small business owner, ensuring for the success and growth of a business is often a labor of...
