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Chapter 11 Bankruptcy

Established Newburgh Lawyer Assists Businesses Seeking Chapter 11 Protection

Knowledgeable bankruptcy attorney handles reorganizations for small and medium sized companies

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.

Hudson Valley firm works to help clients overcome debt problems

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:

  • Reorganization and restructuring — There are usually many factors that contribute to a business’s financial problems. Not all can be alleviated through bankruptcy, but Chapter 11 gives debtor companies the chance to make internal changes and alter external agreements in order to meet current and future challenges. Major transactions and other moves must be approved by the court, but my firm will present a strong case why the proposed course of action serves everyone’s best interests.
  • Protecting personal assets — Whatever type of difficulty your business is facing, it is crucial to take every possible legal step to prevent creditors from reaching your personal assets.
  • Handling priority, secured and unsecured debts — Taxes are priority debts that must be paid regardless of the financial condition of the business. However, I can negotiate with federal, state and local authorities to extend payment periods so that you can remain solvent. If you have secured debts where property or vehicles can be seized, my firm can analyze whether walking away is the best option or if it’s worthwhile to revise key terms. Whenever possible, I’ll press creditors holding unsecured debt to reach an agreement that lets my clients address immediate concerns.

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.

Skillful adviser counsels on corporation and partnership bankruptcies

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.

Contact a proven Hudson Valley Chapter 11 bankruptcy lawyer for a free consultation

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.

 

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  • Newburgh Office
    372 Fullerton Avenue
    Suite 11
    Newburgh, New York 12550
    Phone: 845-245-6001