Contracts can be stifling financially to a New York business.
The weight of expensive contracts can impact every other aspect of a business’ books and create a situation in which the business is in serious financial trouble.
If your New York business is struggling due to a contract or contracts, bankruptcy may help. In Chapter 11 bankruptcy, you get the chance to reject a contract you deem unfavorable to you. Your other debts are restructured into a manageable payment plan, and your business continues to operate with no interruption.
We represent businesses of all kinds in Chapter 11 bankruptcy proceedings. We have helped many business owners like yourself remove themselves from contracts that were unfair to them. Call us to schedule a consultation to talk about your situation.