If you started your business during your marriage, there is a good chance it is part of the marital estate. Like the other assets you and your spouse own, your business may be subject to equitable distribution during your divorce. Whether you plan to buy out your...
Year: 2020
Cash Advance Lender Par Funding Accused of Defrauding Investors
Federal officials say that Joseph LaForte and his wife Lisa McElhone, founders of the merchant cash-advance giant Par Funding, have fraudulently raised over half a billion dollars from investors. Par Funding is a lending company which offers “small business loans and...
What Happens to my Assets After Divorce?
Nobody says “I do” expecting that one day they’ll say “I can’t.” Unfortunately, current trends indicate roughly 50% of marriages today end in divorce. The media has been reporting an anticipated rise in that number due to COVID-19. One of the largest concerns...
Are PPP Loans Available to Debtors in Bankruptcy?
Paycheck Protection Program An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis When businesses across the nation were forced to shut their doors in March due to administrative regulations set to combat COVID-19,...
Covid-19 and Force Majeure Clauses
The coronavirus outbreak has had a profound effect on societies around the world. Not only has COVID-19 impacted the physical health of Americans across the country, it has disrupted local, national, and global economies as well. As entire industries have closed...
Factors New York considers when determining child custody
Before a New York judge makes decisions about parenting time or child custody, he or she often considers a similar set of factors to assess what situation would be most ideal for the child. As someone involved in a child custody or visitation case, familiarizing...
Divorce and separation: what’s the difference, really?
No one goes into a marriage thinking it won’t work out. Still, we are human and sometimes relationships don’t last a lifetime. If you and your spouse are needing some time apart or simply don’t want to be together anymore, now is the time to understand the difference...
Trustee in Buffalo Diocese bankruptcy appoints 7 abuse survivors to creditors committee
The United States Trustee has selected seven people to serve on the creditors committee of the Buffalo Diocese bankruptcy case, all of whom are survivors of sexual abuse perpetrated by members of the church. The committee will represent what is expected to be over...
How can I afford to Reorganize my Small Business?
In this unprecedented time, businesses across all industries are reporting cash shortages, leading many, including their vulnerable employees, to fear they will fail. While businesses of all sizes will suffer from the economic downturn, small businesses may have a...
Can Restaurants survive the Coronavirus?
Many restaurateurs are struggling with debt and loans and that was even before the Coronavirus. On March 17, 2020 New York’s bar and restaurant community was ordered to close their dining rooms to stem the spread of the novel coronavirus and a timeline for reopening...