Survival has always been difficult for farmers. These days, continuing the lifestyle is especially tough. There are more than a few reasons why farmers might need to declare bankruptcy. Here are a few, followed by tips on how to file when the time comes. Reasons...
New York farm owners considering a divorce might have a lot more to figure out than the average couple. Family farms are usually passed down for generations, but that doesn't stop these properties from getting tied up in divorce. Family farms are usually a combination...
Those who own a family farm in the state of New York may be eligible to file for Chapter 12 bankruptcy. The same may be true for individuals who work as fishermen. If you fall into these categories and you are facing foreclosures and repossessions, you may want to...
For a small business needing to reorganize its financial affairs, a Chapter 11 bankruptcy case can be prohibitively expensive. New Subchapter V of Chapter 11 of the Bankruptcy Code establishes an expedited process for small business debtors to reorganize quickly,...
If you farm in the state of New York and face the prospect of divorce, you will likely need to navigate a unique set of trials in pursuit of a fair division of assets. Farms are active entities that need daily upkeep, attention and hard work to run smoothly and...
Are you thinking about ending your marriage? There are a number of very important factors to keep in mind. There will be the distribution of property, such as your New York home, vehicles and other belongings. There will also be financial matters to discuss. Finally,...
Chapter 12 bankruptcy provides debt relief to families who earn a regular income from farming or fishing. These individuals can reorganize debt over three to five years without many of the restrictions that apply to corporate reorganization under Chapter 13. Review...
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...
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...
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...
