Debtors in Bankruptcy
Are you facing serious financial problems in your personal life or business? Filing bankruptcy can stop harassing phone calls and letters, and threats of legal action. It can help you get a fresh start.
Filing bankruptcy is not shameful. The vast majority of consumer bankruptcy cases are caused by divorce, unemployment, or a serious illness or disability. Bankruptcy is an opportunity to get your finances in order and get on with your life.
At the Law Offices of Philip M. Stone, we provide counsel in a broad range of bankruptcy matters:
Chapter 7 is the simplest, quickest, and least expensive way for people who are behind on credit cards, medical, and utility bills. Read more.
Chapter 11 is for LLCs and incorporated businesses, and for individuals whose debts exceed the limits for a Chapter 13 filing. Read more.
Chapter 12 is for “farmers and fishermen”—people with seasonal income. Read more.
Chapter 13 is for homeowners and landlords who are behind on their mortgage payments and need time to catch up. It’s also for small-business owners who owe sales or payroll withholding taxes and individuals who owe state or federal income taxes. Read more.
The bankruptcy laws were extensively revised in 2005, so you want an experienced and knowledgeable lawyer to help you understand your options. And that’s where we’ll start, with a discussion of whether bankruptcy is the answer for you and what your options are. Contact us.
Commercial Law and Contracts
Starting a business? Customers not paying? Vendors late with deliveries? Need a contract drawn up?
When you own or operate a business, you have to deal with legal issues—small and large—on a daily basis. You may have customers who aren’t paying or vendors who aren’t delivering as promised. You may need to put a contract in place or set up a new entity to handle a portion of your business. You want an experienced and knowledgeable attorney to protect your interests, one who will help you identify all your options and the consequences of your choices.
At the Law Offices of Philip M. Stone, we offer a broad range of legal services to businesses and business owners:
• Starting a business. We advise and help clients with all the tasks involved in starting a business—from identifying the right business structure to preparing all the necessary documents.
• Business transactions. We handle all matters related to the purchase or sale of business property, including real estate and business assets. We have handled the sale of many family-owned restaurants, insurance agencies, and service businesses. Most of the companies we represent are privately held with less than $5 million in annual revenues.
• Business contracts. We review and prepare business contracts, including buy/sell agreements.
• Business litigation. We represent businesses as plaintiffs or defendants in civil matters, including contract disputes. We also handle commercial collections. We work in both the state courts and the U.S. District Court, helping creditors use the legal process to enforce a lien or attach a debtor’s property.
Contact us today to discuss your needs.