Chapter 13 for Small-Medium Sized Bankruptcy

Individuals and married couples who are owners of small to medium-sized businesses in New York City have a special option available for small business bankruptcy that can help save their businesses or assets. Chapter 13 Bankruptcy is available to those who have assets and income and who want to try to salvage their business or […]

Business Bankruptcy

In late February 2012, bankrupt Peninsula Hospital in Queens, N.Y., closed down much of its 173-bed facility after NY state health officials ordered it to shut its lab, citing patient safety danger.  Since lab services were intertwined with the hospital’s operations, Peninsula Hospital transferred and discharged its inpatients and cancelled surgeries, according to Crain’s New […]

Chapter 7 Can Be Used by Businesses to Liquidate Assets

On November 6, 2009, the New York Times reported Jason Rodriguez violently fired at his former employment in downtown Orlando, FL.  The engineer gave his life away when he randomly shot 6 individuals, injuring 5 and 1 killed at the scene.  The shooting stemmed from anger in being let go from a job in 2007 […]

Ending a Business

When a small business is not doing well, or when its owners want to start another chapter in their lives or careers, there are many ways to get out of a business – liquidate, merger, bankruptcy. In evaluating which route to take, the entrepreneur might first review the business’ debts. The liabilities a business has […]

Copyright Registration Can Turnaround a Business Close to Bankruptcy

Copyright registration is a way to protect intellectual property. When a business is not doing well and close to bankruptcy, protecting intellectual property can turnaround the company. In Apple Inc. v. Psystar Corp., (U. S. Court of appeals, 9th Circuit, Case No. 10-15113, Apple originally brought action against Psystar, a small computer manufacturer, for copyright […]