The Failed or Closed Restaurant and its Lease

Submitted by Anonymous (not verified) on Wed, 11/06/2019 - 23:57

Continuing our blog posts about failed or closed restaurants,
when client’s contact us about a failed or closed restaurant, we
ask them to prepare and bring us an Income Statement and a Balance
Sheet for the restaurant.

The purpose of the Income Statement or Profit and Loss Statement is to
show the revenue and expenses for the restaurant for the current year and
to determine the profitability of the restaurant, if any.

How Bankruptcy Helps Your Credit Score

Submitted by Anonymous (not verified) on Mon, 11/04/2019 - 20:25

HOW BANKRUPTCY HELPS YOUR CREDIT
COLLECTION COMPANIES AND CREDITOR LIE TO BORROWERS ABOUT THE IMPACT OF BANKRUPTCY ON THEIR CREDIT

The Closed Restaurant and Guarantees and Good Guy Guarantee of the Restaurant Lease

Submitted by Anonymous (not verified) on Mon, 11/04/2019 - 03:32


In our continuing series of posts on failed or closed restaurants, many clients have asked us to review the custom and practice and the law regarding guarantees and  good guy guarantees for restaurant leases.
 Most restaurants in New York are owned by a limited liability company (“LLC”) or a Subchapter S corporation. That entity will set up and run the restaurant and the LLC  or S corporation stock will be owned by an  individual.

Military Can Obtain Free Credit Monitoring

Submitted by Anonymous (not verified) on Thu, 10/31/2019 - 20:42

Military Service Members Can Obtain Free Credit Monitoring Starting on October 31, 2019

Student Loan Change

Submitted by Anonymous (not verified) on Wed, 10/30/2019 - 22:25


Student Loan Change from Forbes Magazine

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