MANHATTAN BANKRUPTCY LAW BLOG
Selling assets in Chapter 11 bankruptcy
Section 363 of the U.S. Bankruptcy Code allows debtors to sell assets and use funds from the sales to settle their debts. The bankruptcy court must approve all sales after hearing from any creditors with objections. How does the sales process work? The sales process...
Can I avoid partnership disputes?
Collaborative efforts are imperative to bring a company to scale. Business partnerships expand skill sets, networks and, typically, the investments necessary to establish a foundation for success. As with any relationship, it’s natural for a business partnership to...
Debt restructuring provides respite from financial troubles
The business and economic environments have not been good the past several months due to the COVID-19 pandemic. Because of the swooping downturn, revenues dropped, customers made fewer orders, profits shrank and layoffs occurred. In times like these, small businesses...
How should you go about purchasing a business?
Whether you decide to purchase a business outright or expand your existing business by acquiring, or merging with, another business, there are many details that you need to consider to make your decision. Do not rely on the prospective seller to volunteer all the...
Creating a partnership agreement
A partnership occurs when two or more people chose to get together for operating a business. The parties create this contract with the purpose of sharing the profits and the management of the business. Creating a partnership agreement can be tricky if either party...
Avoiding common mistakes in business negotiations
It is easy to undermine your own negotiations. You may make mistakes in your strategy. You may lack experience. As a result, you may not realize what is happening until it is too late. It is difficult to identify potential issues and lessen their impact on a business...
How is an acquisition different from a merger?
Mergers and acquisitions are both types of complex business transactions in which two companies come together as one. On the surface, a merger and acquisition can seem very similar to one another, so much so that people often use the terms merger and acquisition...
4 common sources of partnership disputes
Forming a business partnership is often an effective way to share risk and increase the odds of success. Nevertheless, because you have to work closely with your business partners, you must choose them wisely. Even if you pick the best individuals for your business...
Can family businesses survive a business dispute?
To form a business with your family in New York may sound like a solid plan in the beginning. After all, few understand your motivations and goals the same way that your family members do. You may expect fewer disputes and more collaboration than in a business that...
Tips for writing a strong contract to avoid future disputes
As a New York entrepreneur and business owner, contracts likely make up a large part of your life. It goes without saying that you should commit all of your business contracts to writing and have them signed by all parties. Written contracts are legal documents; a...
