Small business owners facing pressures from rising debt have the option of petitioning for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. Chapter 11 gives businesses the capacity to continue operations while their debts are reorganized into a structured repayment plan. Depending upon the corporate tax structure under which the business operates, investors, owners and managers may also be protected from personal liability for debts while the business is under the protection of the Court.
Commercial Debt Relief
I am Chapter 11 bankruptcy attorney
Scott Ugell. I have extensive experience representing small business owners throughout the Greater Hudson Valley in all matters related to debt relief, loan modifications and bankruptcy. As a long-time member of the National Association of Consumer Bankruptcy Attorneys, I have taken a leadership role in state and national matters relating to the U.S. Bankruptcy Code. I understand the complications of negotiating with business creditors and strategies to help a troubled business owner operate successfully, while getting the necessary time and financial leverage to repay creditors.
Chapter 11 Bankruptcy for High Net Worth Individuals and Estates
Individuals and family estates of high net worth in New York may also file for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. The provisions for the debt to income ratio to qualify are complex and require extensive knowledge of how the formula is applied. If you are considering filing for Chapter 11 because of a high debt ratio, call
The Scott Ugell Law Firm, P.C., in New City to arrange an initial consultation.
Flexible Appointments Available
From my offices in New City, II represent families, consumers and small businesses, because that is who I am, and that is who I care about. I work to protect citizens in the Greater Hudson Valley area. To arrange an initial consultation with an experienced New City Chapter 11 bankruptcy attorney who cares about resolving your legal problem, call 845-521-7841 or
contact my office by e-mail today.