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

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.

By Steven P. Taylor, J.D.
Founder of the Law Offices of Steven P. Taylor P.C.

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

Student Loan Change from Forbes Magazine

Restaurants and Workouts with Creditors

Many readers of our blog, who read last week's post titled

“Restaurant Closings in New York City and Bankruptcy”
have asked us to do a post regarding workouts with creditors
after the restaurant has closed.

Let's review a typical fact pattern,  that we see regarding failed restaurants.
The restaurant is owned by an LLC or a subchapter S corporation and the member’s
interest in the LLC or the stock in the S corporation are 100% owned by Mr. X.

Worthless Student Loan Debt Relief Scam – Consolidation and Forgiveness

Worthless Student Loan Debt Relief Scam – Consolidation and Forgiveness

In the earlier series on real estate closing, Wynn at Law, LLC mentioned easements. In fact, we bring up the topic every time we review a title or write an article about one. The reason is simple, just like the old proverb that good fences make good neighbors: Clearly defined easements keep property owners out of court.

In the earlier series on real estate closing, Wynn at Law, LLC mentioned easements. In fact, we bring up the topic every time we review a title or write an article about one. The reason is simple, just like the old proverb that good fences make good neighbors: Clearly defined easements keep property owners out of court.