When a business has debt problems, the best solution usually means keeping the doors open and the revenue coming in. Sometimes, legal relief is required to stop collection efforts and restructure financial obligations in a manner that promotes a fiscal rebound. Chapter 11 reorganization has given businesses of all types the chance to manage their debt load and overhaul their business responsibly. Located in Newburgh, Michael D. Pinsky, P.C. has handled bankruptcy actions for more than 30 years and can develop a plan that is likely to be approved and geared toward your company’s long-term success.
In a free initial consultation, my firm reviews your company’s circumstances and starts developing a strategy designed to establish equitable debt terms and eliminate unnecessary costs. In a free initial consultation, we can discuss issues such as:
With decades of experience in this area, I know the legal details and practical considerations that convince creditors to accept a reorganization plan. When that is impossible and you must face off against a hostile creditor, my firm is a strong advocate in court. My strategic approach helps businesses of all types maximize the likelihood that they will be able to meet the terms of their reorganization plan so they can realize the benefits of debt discharges and other aspects of the plan. I’ll also seek the appointment of an examiner to monitor your Chapter 11 case rather than a trustee who would control key decisions.
Corporations and partnerships who seek Chapter 11 face a complex set of issues. My firm breaks down which creditors have priority and what expenditures are necessary to keep the business running. If a dispute occurs among partners or shareholders, I have the background and pertinent knowledge to outline each side’s rights and the legal steps that must be taken. If Chapter 11 reorganization does not serve your interests, I’ll outline other options available to companies dealing with unsustainable debt.
Michael D. Pinsky, P.C. represents clients throughout New York’s Hudson Valley in a full range of bankruptcy matters. Please call 845-394-2616 or contact me online for a free initial consultation at my office in Newburgh.