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December 2016 Archives

Avaya on the brink of Chapter 11 bankruptcy

Avaya's consideration of a Chapter 11 bankruptcy filing exemplifies a growing trend in the tech sector right now: if you acquire a new company and that company suddenly becomes a massive financial weight without the competitiveness to relieve that debt, the asset may not be worth it.

The legal side of leasing equipment

Many people may assume that most companies own the equipment they use on an everyday basis. However, for many companies all across New York - and, really, all across the country - this is not a practical situation for them. Instead, they prefer to lease equipment so that their business model functions in the way they envision it.

Dissolving a business during divorce? Here's what you should know

As a couple who has run a business together, things might have gone well for a long time. Now that you're separating, the best option for you might be to dissolve your business. If you decide that you don't want to keep running it and can't work together in a partnership, you have the option to dissolve it instead.

The three chapters of business bankruptcy

When a business is facing a mountain of debt, it may file for bankruptcy. But what type of bankruptcy it files for depends greatly on the business type, the particular situation and what the business plans to do in the future. Having said that, there are three main bankruptcy forms for businesses.

'Iceland' trademark dispute causes some heads to turn

An amazing piece of business litigation has erupted in Europe. In the United Kingdom, there is a chain of supermarkets called "Iceland Foods." In the European Union, this company was granted a trademark for the word "Iceland" in 2014. The country of Iceland is not a member of the European Union, but they do export a tremendous amount of frozen seafood to the EU. "Iceland Foods," meanwhile, is a major provider of frozen food.