Overwhelming debt is a heavy burden that creates stress and anxiety. Steinfeld & Steinfeld, PC addresses crisis situations – be it for businesses, families or individuals. Financial stress oftentimes results from too many guaranteed debts in a business that hasn’t done well, from an overly ambitious investment strategy in real estate or a family situation that had trouble supporting one household and is now seeking to support two as the result of a divorce. Bankruptcy is sometimes an appropriate strategy (tool in the tool bag) to provide relief in these situations. Sometimes, the most important issue is in identifying “the client:” is the client the individual member of the family? Is it a husband and wife duo? Is it the business owner? Is it the business? Which business? How many businesses are there? Any given bankruptcy case can only involve one debtor-entity, although a husband and wife may file a joint case. So which is the appropriate entity for the bankruptcy filing? On the other hand, are you owed a debt by someone or business who has filed for bankruptcy and need tools in your tool bag to collect that debt? Should you file a claim in the case? A Dischargeability proceeding?
The attorneys at Steinfeld & Steinfeld will support you throughout the bankruptcy process. We understand the issues that you are going through, either as a business or as an individual, either as a debtor or as a creditor. We can help you to develop a strategy to reduce, or even eliminate, your debt, as a Debtor, although we do not make any promises or guarantees, or we can help you to try and collect your debt within the bankruptcy case if you are owed a debt by an entity who has filed for bankruptcy. Bankruptcy can be an intimidating process and we are here to expertly guide you through this process either as a debtor in need of bankruptcy relief or as a creditor seeking to collect during the case.
Attorneys at Steinfeld & Steinfeld, with twenty years of experience each, are dedicated to helping individuals, business owners, businesses and families facing difficult financial and personal situations. We focus our practice on helping, defending and representing debtors and creditors in bankruptcy cases, including restructuring your business and bankruptcy avoidance.
We will help you to evaluate whether you need to file for bankruptcy. We will help you to collect a claim within a bankruptcy case. For a thorough overview of the bankruptcy process and to gain an understanding of the consumer options available, read this article from Cornell Law School.
